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Affordability loans
You name it we will get it.

 We do mortgages and home loans in:
Hoedspruit - such a place to live in Hoedspruit
Polokwane
Tzaneen
Potchefstroom
Somerset West
Franschoek
Phalaborwa
Sishen

Buy to let - great property deal in the bush

Found this excellent Studio - bachelor pad in Hoedspruit - has a tenant presently and in an awesome environment.  Raptors Wildlife Escape - The Kruger National Park is situated only an hours' drive away. The townhouse development is situated close to Eastgate airport with daily scheduled flights to Johannesburg. Hoedspruit is only 45 minutes from the Orpen Gate of the Kruger National Park.

View 32 Raptors Wildlife Escape in a larger map

A fantastic investment this double story, 181sq m lofted looking over the magnificent raptors view wildlife estate is a steel at R 570,000.00 directly from the owners.  They will also get you a 100% mortgage as part of the deal.

Contact ownershomeloans@globalfundi.com

FNB - and buy to let news

So is buy-to-let the new way to go.

The on-going saga and lack of capital growth in the residential property market has made investment
in residential real estate so unattractive compared to the earlier part of the last years when house price growth were at much higher levels. Yields are also driven down by financially strained tenants and rising costs of maintenance, petrol, home goods etc, further stacking up an argument against investing in residential property unless you have a big daddy.

However, as more young South Africans require housing, there is a constant growth of demand for rental houses and flats. Ownership is not always possible or feasible and for some there will always be strong arguments in favor of renting instead of buying. This is aggravated further by challenges that banks face in granting credit - you better stay squeeky clean. These poor folk often have no other choice but to enter the rental market.

Should the SA reserve bank’s repo rate, and in turn the bank lending rates rise, the argument quickly tips in favor of renting rather than buying and is expected to further increase the demand for rental properties in the short term.

This rising demand for rental properties and slow growth in supply is expected to ultimately drive up yields to a point where buy-to-let property becomes a much more attractive investment. Once this excess demand pushes prices upward, investors will start earning higher returns. High returns will in turn attract more investors to participate in the rental market, buying up a larger portion of stock.

Risks of financing buy-to-let properties are not expected to change, but banks will continue to support this market with responsible lending to enable a much larger buy-to-let market tosupport the growing demand for housing in South Africa.

Buy-to-let ask your mortgage originator today.

ABSA June Residential Building Statistics June2013

Thank you Jacques du Toit from ABSA Home Loans for this great insight.

Residential building activity improving compared to a year ago
Residential building activity, i.e. the number and value of housing units for which building plans were approved and the number and value of housing units completed in the South
African market, improved further in April 2013. This is consistent with a continued improvement in the Bureau for Economic Research’s building confidence index in the
second quarter of 2013, which rose to its highest level since the fourth quarter of 2008.

The real value of plans approved for new residential buildings was up by 21,2% year-onyear
(y/y), or R1,74 billion, to R9,95 billion in the first four months of 2013 from R8,21
billion a year ago. The real value of residential buildings reported as completed was up by
12,6% y/y, or R808,15 million, to R7,2 billion in the period January to April from R6,39
billion in the corresponding period last year. These real values of residential building
activity are calculated at constant 2010 prices.

The number of building plans approved for new housing recorded growth of 43,5% y/y in
April, largely driven by the segment for flats and townhouses. This strong growth in April
contributed to growth of 14,7% y/y in plans approved in the first four months of the year.
The construction phase of new housing saw growth of 16,4% y/y in the first four months of
the year, influenced by growth of 35,1% y/y in the month of April. The segments of small
and larger-sized houses were mainly responsible for the strong growth in April.
Residential building activity will continue to reflect conditions with regard to the economy,
household finances, consumer confidence and factors impacting the market for new and
existing housing.

Love the Kruger Park to visit but prefer a home on the outskirts to live.

If you are like me, I love to visit the Kruger Park, spend a day on the outside, play some golf and then go back in for the day.  I first visited Raptor’s about 10 years ago and the view offered secure living in a well-maintained wildlife estate,  situated on some of the finest bushveld that South Africa has to offer. Game abundant, lots of things to do, great restaurants in town and there are some great houses to buy in this place and the prices are excellent.

Not only is Raptor’s View a fantastic investment but it also offers plenty privacy and a school if needed, an airport nearby and traversing rights on the Blue Canyon conservancy.

If its family and friend entertainment you love, this place is for you.  I went to look at a few places in the area and looked for a bargain (as we all do) and found a place that was just up my street - perfect for the great entertainer (ha my wife, not me), this house was situated on the banks of the riverbed with a full view onto the Drakensburg Mountains and some huge leadwood trees, great pool and braai area

So these great estate agents in Hoedspruit gave me what I want, but being overexposed at the banks I could not come up with the mortgage - drats and have had to let it go

My lesson - see if you can afford a place in the bush in advance with a mortgage originator such as Wizard Midrand.

Get the best estate agent in Hoedspruit to work for you

be patient!  Your bushveld property is waiting for you - and so is mine!