Property360 National Digital Magazine - 11 February 2022

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LEARN TO LOVE THE HOME YOU HAVE PAGE 3

PICTURE: JIMMY DEAN/UNSPLASH

PROPERTY

360

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THE WAY you feel about your home is about more than just its physical attributes. PICTURE: COTTONBRO/ PEXELS

If you can’t be in the home you love Sometimes you want to move but just can’t. Experts come up with ideas to change your mindset and make some simple physical changes to improve your dwelling BY BONNY FOURIE bronwyn.fourie@inl.co.za

S

O YOU hate your home? But for some reason you cannot move, and now you feel stuck? In such a situation you have no choice but to make it work. But how do you do that? Here is what the experts say:

Change your mindset Psychologically, homes by their very nature provide individuals with a sense of belonging, security, control and even become an extension of one’s identity, says Lusanda Cebekhulu, a clinical psychologist from online wellness company Syked. Homes are a haven from the outside world. But when you are in a place where you no longer want to be, it is important to reflect on the meaning that a home is meant to create for you rather than the function it serves physically. “This may involve making certain changes in the manner in which one interacts with loved ones within that property.” For example, you can create a consistent routine where the family eats together, interacts and has meaningful and fulfilling conversations. Creating new, or revisiting old, hobbies and intentionally doing them at home with your loved ones enables the home to be associated with the “feel-good” emotions that are often elicited

when one does things one enjoys, such as playing games or watching movies. “Inviting guests over for chats and games also influences what associations you make with your home as it starts to become a place of love, happiness and peace rather than a physical space with limitations.” Cebekhulu advises that you, therefore, “reframe” the meaning that is attached to the property, as it is more than a property but a place of warmth created by the people in the home. “Reflecting on emotions that are experienced in other spaces, like the work environment, can help you to appreciate the fact that your home continues to be a space that is emotionally safe.” Focus on the good parts Choosing to be grateful for what you have, which is a roof over your head and protection from the outside world, rather than what you do not have, also helps to develop a change of mindset about your space, she says. “Remembering that your home is also the place where you congregate with your loved ones, also helps in accepting your situation. “And being deliberate with what you consume while at home becomes important. For example, if watching home channels is a

trigger for you and a reminder of what you do not have, avoiding such shows can be beneficial. It’s not helping you love your home more. Instead, it can breed envy and discontent.” Change what you can Cebekhulu says in life there are many things that you cannot control. Sometimes, all you can control is your effort and your attitude. “When you put your energy into the things you can control, you will be much more effective. That entails determining what is within your means to change the situation or to make it more bearable as you make alternative plans. It is easy to focus on the problem, rather than problemsolving, so it also becomes important to have clarity and influence on what you put your energy towards.” In addition to changing the way you think about your home, there are also some aesthetic or minor changes that Nadia Aucamp of Re/Max All Stars says homeowners can make in order to fall in love with their homes again. “There is so much that you can do to your home, from a fresh coat of paint to retiling the lounge or renovating a bathroom or kitchen. By spending money wisely on your home, you are likely to increase its value.”

Changes can be made, even on a budget. “In today’s market, there are various options to extend your home or to modify it without spending a lot of money, from adding a (modular) park home or using dry walling to create a small office out of the lounge area,” Aucamp says. “A new coat of paint also works wonders on a property as it gives it a modern feel and might even create the illusion of more space when the correct colours are used.” Other things that RealNet’s Gerhard Kotze says you can do to make your home more comfortable – and make it more appealing to prospective buyers once you are able to sell – include: • Having a big clear-out and donating or selling all items you no longer need or use; • Giving the whole home a thorough cleaning; • Repainting certain rooms or the exterior in different colours; • Updating the light fittings; • Putting in more cupboards, shelves and bookcases to solve storage problems; • Getting rid of any old carpeting and replacing it with a more modern flooring option; • Rearranging, repurposing or re-upholstering some furniture; and • Creating a dedicated home

office space to make remote working easier. Yael Geffen of Lew Geffen Sotheby’s International Realty gives the following tips, which combine both physical and mental changes: • Focus on what’s good: Take an objective look around your house with fresh eyes and try to focus first on the all characteristics that you like about it. What works well and what would you miss if your next home didn’t have that feature? • Remove what doesn’t make you happy: If you hate the vase that your great aunt gave you for Christmas, donate it to charity or pack it away – your home should be a place of comfort and joy, not guilt. If you hate the blue feature wall, buy a tin of paint and give the room a fresh look. • Get rid of what you don’t need: there’s no point having three cutlery sets or cluttering up cupboards with outdated linen you’ll never use again. • Keep your home clean, tidy and orderly. Try to commit to spending a little time each day doing housekeeping – and do it with pride and a grateful attitude. • Even on a tight budget, it’s possible to completely transform a room through use of colour, changing fittings and finishes and adding elements like plants, she says.


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‘I Letter from the editor MANY of us have worked hard at DIY the past year or two to bring our homes in line with our dream spot. Everyone knows nothing works as well as a new coat of paint to change things up… And there are so many other things you can do to improve the aesthetics of your home. Just changing the handles on bedroom cupboard doors – after scraping them down and giving them a lick of paint – can transform not only that area but your entire home. Then, with a bit of cash, a new floor can certainly give you a completely new space. Changing curtains for blinds, or the other way around, throwing some shawls over an old settee, a new rug – or taking the lounge rug into the bedroom – all this can give you a sense of the new. Of course, kitchen and bathroom makeovers are the ultimate renovation – and cost plenty of cash too. However, adding stick-on tiles to an island, painting a wall charcoal and adding hooks for pots can transform a space. There is so much you can do to spruce up your home and turn it into the house of your dreams. Just don’t over capitalise, warn agents, as some renos do not result in returns on resale. However, who knows… perhaps giving your present home a bit of love and care might mean you actually want to carry on living there. Enjoy. Warm regards

Vivian Warby

vivian.warby@inl.co.za

F YOU can’t be with the one you love, love the one you’re with.” This song lyric comes to mind when referencing romantic relationships, but for homeowners who are unhappy with where they are living – either the area or the actual property – the advice can be just as sound. After all, selling a home to buy another is not a decision one can take lightly. There are a number of reasons people may be desperate to leave their home and seek another they feel could better meet their needs, or that they would love more. Some of these troubles began before the pandemic, while others have arisen over the past two years as a result of the lockdowns.

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How to make the best of it If you’re stuck where you are for financial reasons, the best advice is to build up equity in your home so you can sell and rebuy BY BONNY FOURIE bronwyn.fourie@inl.co.za

Reasons to leave Citing statistics from the FNB Property Barometer, Gerhard Kotze, managing director of the RealNet estate agency group, says the three top motivations for home sellers at the moment are the desire to downscale due to life stage (23%); to downgrade due to financial pressure (19%); and to upgrade to a bigger home or better area (14%). “However, there are several other reasons that may cause people to really want to move, including a deteriorating security situation in their suburb; a lack of local shops, schools and other amenities; a location requiring a long commute to work; a change in their family structure, and the desire to live closer to family or friends,” says Kotze. Yael Geffen, chief executive of Lew Geffen Sotheby’s International Realty, says before the pandemic the main reasons people were unhappy with their homes included the commutes to work or essential amenities were too long, a need for more bedrooms for growing families, or simply wanting to upgrade to a better neighbourhood. However, since the lockdown, two of the main reasons people have cited for moving are financial pressure and a lack of space to accommodate living, working, leisure and, often, extended family. “Another reason for wanting to move is not only dissatisfaction with their homes but also the area in which it’s situated. For people who have the option, especially those who continue to work remotely, moving to a different area for a better quality of life is an increasingly common reason for wanting to move.” Nadia Aucamp, broker/ manager of Re/Max All Stars, says the lockdown saw many people converting parts of their homes into office space, and this has now led to searches for new properties with the additional space needed to work from home. There are also instances where people want to move into smaller properties as their children are grown and have left home. “Some people may be forced to move due to the changes in their financial situations. And others do not want to renovate the house and would rather sell and buy something that is already renovated.”

Feeling stuck

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F E B R U A R Y

But even though the reasons why many people want to leave their homes may be justified, often they may have little to no choice but to stay and make it work. “Some homeowners may be in a predicament where they cannot move owing to their financial situation,” Aucamp says. Another reason people may not be able to

IF YOU cannot make a plan to move from the property you live in, there are ways to make your situation less miserable. PICTURE: EDSON DE ASSIS/PEXELS

move is that they live with extended family, and such a decision would then impact all family members. Kotze says other reasons why people cannot leave their homes and find something better include needing to: • Wait until a child finishes a school year or a university course; • Finish a work contract in a particular location; or • Build up more equity in the property so that it can be sold at a profit to pay a deposit and/or the costs of buying a new home. This last point, he says, is often a problem for those who bought their homes with 100% home loans and have lived there for only a couple of years. “This is because by the time they have paid off the bank and paid the costs of selling and moving, there is unlikely to be much left of their sale proceeds to spend on their next home.” Finances are usually the reason why people have to stay where they are, Geffen agrees. “This is because, when you own

your home it’s not just a simple matter of giving notice and moving – it takes time to sell a property and there are a number of substantial costs involved to complete the transaction.” There are also personal reasons why people may not be able to move, such as not wanting to move away from ageing parents or schools in which children are settled.

Overcoming the challenges Financial constraints, however, can be overcome in a number of ways, Geffen says. “For instance, depending on how much the owners still owe the bank, bridging finance is an option. Or, if waiting a little longer is not a problem, then they could consolidate their debt and put some money aside each month to cover the costs of selling and relocating. “Those who don’t want to move too far from family can also consider multi-generational living and look for a property with a flatlet or cottage.” While there is not much that can be done about things like work

contracts or school terms, Kotze says the best thing that all homeowners can do for themselves is to build up as much equity in their homes as they can, as fast as possible, so that they are financially able to move whenever they may want or need to.

Accepting the situation For those who find themselves having to stay put, Aucamp says her team often advise homeowners on the things they can do to make their house work better for them. “You could always change the living areas by swapping the dining and sitting rooms, or a bedroom with a study. This will give you a feeling that it is a new space. If you do this and paint the rooms new colours, it can feel like a new house.” Quoting MK Son, Geffen says: “A house is made of brick and mortar, but a home is made by the people who live there.” And to this end, loving your home is not so much about what it looks like but rather about learning to appreciate the little things and to focus more on how you feel in it.

DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright ANA Publishing. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from ANA Publishing. The publishers are not responsible for any unsolicited material. Publisher Vasantha Angamuthu vasantha@africannewsagency.com Executive Editor Property and Environment Vivian Warby vivian.warby@inl.co.za Features Writer Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

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HOMES valued in the R1million to R2m price band registered the strongest price growth last year. PICTURE: RODOLFO GAION/PIXABAY

All together now Banks are allowing groups of people to buy a property as a collective, but an expert warns there are pitfalls to guard against

Q: MY GROUP of friends is considering purchasing an investment property together as we can now, apparently, apply for a joint mortgage. Is this true? And if so, is it a good idea? A: Lenders have recently started launching some very innovative collective home-buying schemes. These are primarily targeted at making the housing market more accessible to the average citizen by enabling them to pool their resources and buy as a group. While the opportunities are great, the risks of collective buying are also considerable. For this reason, proper preparation and support are going to be key. As with all shared bonds, if one or more parties find themselves unable to cover their portion of repayments, the other bondholders will be held liable for the shortfall. That means, in a worst-case collective buying scenario, one individual could theoretically end up shouldering as many as 11 other people’s repayments. Making sure co-applicants are trustworthy and able to comfortably meet their repayments is a good way to minimise this risk, but that doesn’t remove the need for iron-clad contracts outlining procedures for all possible eventualities. Details like property maintenance and management, the handling of a future sale and how to exit or end the co-ownership if necessary all need to be considered. – Tony Clarke, managing director of the Rawson Property Group

Q: We may need to sell our home in a hurry if my partner is offered a job overseas, but we obviously don’t know how much time we will realistically have based on the current market. We also do not want to sell now in case he does not get employment. How long does one wait, on average, for a property to sell? A: The sale of a property involves multiple steps and can be a lengthy process. Sellers must allow time both to find a buyer who will make an acceptable offer, and for the transfer and registration process to be completed. Finding the appropriate buyer for the home will depend on several factors, and the average time on market will differ from suburb to suburb and will depend on demand for the area as well as the price and condition of the home itself. Our latest National Housing Report reveals that homes priced between R800 000 and R1.5 million account for 28% of all transfers. However, homes priced over R3m accounted for just 6.8% of transactions. Because demand is much higher for homes priced below R1.5m, it will be much quicker to sell these homes compared to homes priced over R3m. Homes that are move-in ready and do not require any repairs or renovations also tend to sell quicker than fixer-upper properties. On average, a well-priced home in good condition in an active market should be sold within three months or less. – Adrian Goslett, chief executive of Re/Max of Southern Africa

Q: With the interest rate starting to rise, is it really still a good idea to buy property for investment purposes, specifically a buy-to-let? A: Despite indications that interest rates are on a slow, but steady, upward trajectory, fierce competition between banks for market share ensures a favourable lending environment which, coupled with an ongoing strong demand for homes among first-time and repeat buyers alike, is expected to provide South Africa’s housing market with a solid underpinning during the year ahead. From an investment perspective, Lightstone’s forecast scenarios suggest home values could rise by between 3.4% and 5.1% in 2022. According to the Pam Golding Residential Property Index, national house-price inflation (HPI) averaged at 5.1% last year, compared to 3.7% in 2020 and 2.6% in 2019. The Western Cape region recorded the strongest growth in prices in 2021, at +6.2%, followed by KwaZulu-Natal at +5.3% and Gauteng +4.5%. The index also shows that, nationally, the lower price band below R1m continued to register uninterrupted growth in 2021. However, the R1m to R2m price band registered the strongest growth during the year as a whole. – Andrew Golding, chief executive of the Pam Golding Property group Q: I would like to let my property but I have heard that there are rental scams being perpetrated in the market. What can I do to avoid falling victim to rental fraud?

A: There is value in using a reputable estate agency that has experience and expertise in assessing tenants beyond what you see on paper. Estate agencies use credit bureaus and the Tenant Profile Network (TPN) to evaluate potential tenants, with the permission of the tenant as required by the Protection of Personal Information Act. Most agencies are listed on the TPN, where tenant-specific profiles linked to rental payments are created so that agents can access data to see if they have been flagged for non-payment or erratic payment. It also links to their payment profile on other loans, such as clothing accounts, credit cards, car repayments, etc. But the vetting process should not stop there. It is vital to directly appraise employer and salary records and speak to references provided to fully ascertain the calibre of tenant. A good paying tenant who does not look after your asset can also cost you dearly. A good credit report, sufficient affordability and good references are absolutely non-negotiable. There have been documented incidents of fraudsters sending through falsified bank statements, payslips, IDs, as well as proof of payments. If landlords choose to let their properties privately, as an added safeguard I would advise that a tenant be allowed to move into the property only once the deposit and the first month’s rent reflect in their bank account. Do not rely on a proof of payment being sent through as it is very easy for fraudsters to produce false proof of payments. – Catherine de Villiers, rental consultant at Jawitz Properties


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5 PICTURE: JEAN VAN DER MEULEN/PEXELS

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National Listings T O A D V E RT I S E I N K WA Z U L U - N ATA L Sherine Budhram

084 460 7295

sherine.budhram@inl.co.za

TO ADVERTISE IN WESTERN CAPE Abigail Wilmot

083 212 1141

abigail.wilmot@inl.co.za

TO ADVERTISE IN GAUTENG Antoinette Gilbert 083 793 5382

antoinette.gilbert@inl.co.za


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LAST FEW FROM THE DEVELOPER

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RHONDA RAAD PROPERTIES We specialise in the Sales and Rentals of residential property in the Southern Suburbs and Surrounds. Contact us today for all your Buying, Selling and Rental needs on 082 448 7795 / 021 685 2212.

CONTACT US NOW: 082 448 7795

KENILWORTH UPPER R4,5 MILLION RONDEBOSCH RONDEBOSCH MILLION RONDEBOSCH RONDEBOSCH R1, RONDEBOSCH R2,6 RONDEBOSCH R2,5 MILLION R2,15 MILLION RONDEBOSCH R1,795 R1,595 MILLION RONDEBOSCH MILLION RONDEBOSCH R2,6MILLION MILLION R1,15 MILLION ROSEBANK R1,695 MILLION RONDEBOSCH R1,9 MILLION ON SHOW Sunday 2 – 5 pm Cathay View, 12 Devonshire Hill Road, Rondebosch

Small Complex. Two after Spacious Above the Line. Sought leafy Prime Security Position! Spacious Two Bedroomed Bedroomed Apartment with lounge Greenfield Road!withCharming Duplex Apartment Garage forThree Sale. leading to large Balcony. FittedFor Kitchen Bedroomed Family Sale Dining Area and LoungeHome leading to Large & FullinBathroom. *Parking Bay. set Easi-care Garden with and Double Balcony with Views! Fitted Kitchen Full Close to Dean Street Shops, Restaurant Bathroom. Walking distance to Schools, Carport. Walk to Main Road Shops, and Shuttle Stop. UCT,Jammie Shops and Restaurants & Transport. Schools.

SHOWSATURDAY SUNDAY 2 - 52-5PM PM ONON SHOW Woodlands, Highstead Road, *Rustenberg 5 Centre, Philips Road,Rondebosch. Rondebosch. Small Complex aboveMain the Main PrimeSecurity Position! North-Facing Two Security Complex above Road. Road. Large modernised Bachelor Charming North-West facing Two Bedroomed Bedroomed Apartment with Lounge converted One Bedroomed Apartment Apartment (98m²) withFitted Lounge leadingand to leading toto Balcony. Kitchen (46m²) with Kitchenette, Built-in Balcony with Superb Views! Fitted Kitchen Shower Bathroom. *Lock upCupboards Garage. and Shower Bathroom with Sep Toilet. Walk Balcony. Shower Bathroom. Walk to Walk to Jammie Shuttle, UCT, Shops to UCT, Jammie Shuttle,Shops Shops&&Transport. Transport. UCT, Jammie Shuttle, & Transport.

ON SHOW SATURDAY 2-5PM

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*Woodlands, 5 Highstead Road, Rondebosch.

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Spacious Two Spacious Three Bedroomed Apartment Spacious North-Facing North-Facing TwoBedroomed Bedroomed Apartment with and Balcony with (123m²) above the Main Road in pretty Apartment with Lounge Lounge and Balcony with Mountainsetting. Views.Bathroom Bathroom withShower Shower Mountain Views. garden Fitted with Kitchen and over Bath. Bath. Fitted Fitted Kitchen. *Garage. *Walk Bathroom. *Parking Bay.*Garage. Walk to*Walk UCT, over Kitchen. to Shopping Shopping Centres, Restaurants, UCT Jammie Shuttle, Main Road Shops & to Centres, Restaurants, UCT and Transport. Transport. and Transport.

Security Complexabove above Road. Two Bedroomed Apartment with Study Security Complex MainMain Road. Large Large Three Bedroomed Apartment or small 3rd Bedroom. with Three Bedroomed ApartmentLounge (127m²) (127m²) views. Fitted Balcony. with Fittedmountain Kitchen and Bathroom. with mountain views. Fitted Kitchen and Kitchen Lounge Balcony. *Plus Coveredand Parking & with Store-Room.*Walk Lounge with Balcony. *Plus Garage.Shuttle *Close Garage. *Close to UCT, Schools, Shops to leading Schools, Jammie and Transport. to UCT, Schools, Shops and Transport. Stop and Shops.

CONTACT: RHONDA C: 448 082 7795 448 7795 0212212 685 2212 E: rrpsales@mweb.co.za / www.rhondaraadproperties.co.za CONTACT: RHONDA C: 082 T: 021T:685 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA


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HOME LOANS

Now is the time to find out how much you qualify for as the repo rate is at a record low. Celestine is always available to take your call and guide you through the process from application through to registration. She will pre-qualify you for a home loan before you start house hunting. A pre-approval is very useful when house hunting as it helps the agent narrow down which properties to show you and not waste unnecessary time. Complete one application and she will apply to all 4 major banks and negotiate the best interest rate on your behalf. Call her for quick and efficient service Please feel free to contact Celestine at any time on 084 559 1786 | celestine@property360.co.za

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ON SALE NOW

DISCOVER UNRIVALLED RETIREMENT IN THE RIEBEEK VALLEY

2022 NEW YEAR INVESTMENT DEAL FIRST FLOOR ONE BEDROOM UNITS ONLY R1,100,000.00 INCL. VAT. NO TRANSFER DUTY ENQUIRE NOW: sales@nobleresorts.co.za | +27 (0)10 612 6060

CONCIERGE

24 HR SECURITY

HIGH SPEED INTERNET

PET FRIENDLY

BISTRO CAFE

CLUBHOUSE

BAR

LIBRARY LOUNGE

OUTDOOR POOL

HOLISTIC WELLNESS SPA

www.allesverlorenvillage.co.za

FITNESS CENTRE

WELLNESS PROGRAMME

SPECIALISED MEDICAL CARE, FRAIL CARE & MEMORY CARE

PHARMACY


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BIDDING OPENS TUES, 22ND FEBRUARY 2022 AT 12 NOON AND CLOSES WED, 23RD FEBRUARY 2022 *FROM 12 NOON Bid online via our APP: https://bidlive.maskell.co.za

TIMED ONLINE INSOLVENCY AUCTION OF A 9-BED DOUBLESTOREY DWELLING FEATURING TWO DOUBLE GARAGES, COVERED ENTERTAINMENT AREA, SWIMMING POOL AND OUTBUILDING: 53A HAYGARTH ROAD, KLOOF Duly instructed by the Trustees of the Insolvent Estate of TK and VTZ Khanyile, Master Ref: D53/2020

For more information contact Danielle - 0333971190 / 0828016827 or danielle@maskell.co.za • Buyer’s card deposit: R50000 via EFT • 10% deposit on purchase price and 10% + vat (on the purchase price) auctioneer’s commission to be paid by successful bidder on fall of hammer • FICA to be provided • Sale is subject to confirmation “ABOVE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE” (E&OE) - SOLD WITHOUT VACANT OCCUPATION *If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min


A G E N T S ’

D I R E C T O R Y

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DOGON GROUP PROPERTIES Atlantic Seaboard Office 021 433 2580 thekings@dogongroup.com www.dogongroup.com

RHONDA RAAD PROPERTIES Cape Town Office 082 448 7795 Email: rrpsales@mweb.co.za www.rhondaraadproperties.co.za

SHELLEY RESIDENTIAL KZN Office 082 412 4463 Email: hello@shelley.co.za www.shelley.co.za

DOGON GROUP RENTALS Sea Point Office 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

THE WOODLAND Umhlanga Office 081 281 3960 Email: info@woodland.co.za www.woodland.co.za

BALWIN PROPERTIES Ballito Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258

PETER MASKELL AUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za

NOBLE RESORTS CAPE TOWN 010 612 6060 sales@nobleresorts.co.za www.nobleresorts.co.za

VAN’S AUCTIONEERS Gauteng Office 086 111 8267 www.vansauctions.co.za

WIDENHAM RETIREMENT VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612 www.hibiscusrv.co.za

southernsuburbs@dogongroup.com

www.dogongroup.com

DOGON GROUP PROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

www.property360.co.za

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PROPERTY

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www.widenhamretirementvillage.co.za


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