Property360 - National Digital Magazine - 23 July 2021

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PROPERTY

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THE BOND ORIGINATION EDITION

PICTURE: YESHI KANGRAN / UNSPLASH

THE HIGHS AND LOWS OF SA PROPERTY TRENDS PA G E 3

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A valuable helping hand

A bond originator can help a buyer get a lower interest rate and have a better chance of being approved for a home loan.

PICTURE: COTTONBRO/ PEXELS

Bond originators submit your home loan application to multiple banks, ensuring you get the best interest rate possible

BY BONNY FOURIE bronwyn.fourie@inl.co.za

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OND originators have become powerful players in the property-buying process and can offer aspiring homeowners a number of advantages.

Those who make use of a originator when applying for a home loan are rewarded with convenience, potentially lower interest rates and a better chance of having a home loan approved.

Shaun Rademeyer, chief executive of MultiNET Home Loans, says almost half the mortgage applicants who were declined by one bank, and subsequently used a bond originator, were granted a loan by another bank.

This is a result of the intervention of a mortgage originator submitting applications to multiple banks simultaneously.

“By submitting multiple applications on behalf of the buyer, mortgage originators stimulate competition between banks, resulting in the buyer receiving more favourable financing terms.

“And home buyers do not pay for this service, so there are no costs against which to balance the benefits,” he says.

Originators provide a convenient one-stop service to all potential buyers, says Kevin Mountjoy, director of Bond Gallery.

“Mortgage originators are specialists in home loans. We understand the banks’ varying lending policies and originators are in a position to present the loan to all banks to secure the best result for the buyer.”

He says multiple bank submissions from mortgage originators give buyers a better chance of securing a home loan than if they approached their own bank directly.

“Mortgage originators have excellent relationships with the banks and can address any queries directly with the banks at the appropriate level.”

Before approaching an originator Mandy Waddington, head of marketing at ooba Group, says buyers preparing to apply through

an originator should visit the company’s website to calculate what they can afford.

“The bond calculator will not only tell you how much you can pay, but also provide you with a rough estimate of your monthly instalments, based on an interest rate of prime.”

A buyer can then be prequalified Kay Geldenhuys, the group’s head of sales fulfilment, says it has two different prequalification products available, one of which allows a customer to check their credit score, and asses what they can afford, thereby ensuring they are shopping within their means. The other offers a “qualified buyer’s certificate”.

“A home loan application coupled with a qualified buyer’s certificate will enjoy a 92% chance of approval.”

She notes, however, that every customer should check their credit score before considering buying a home. Once you know your credit score, you are able to address any issues that might compromise your home loan application.

“You need a minimum credit score of 600-plus to be eligible for a home loan from any of the major lenders in South Africa.”

Most bond originators offer the services of bond calculators and assistance with pre-qualification.

Have the right documentation ready When applying for a home loan, documentation will differ based on whether the buyer is self-employed or employed full time, says Rademeyer.

However, in both cases, an applicant will need: • The offer to purchase.

• An identity document.

• Three months’ payslips.

• A detailed income and expenditure statement He adds: “In terms of the buyer’s state of affairs, they should always ensure that they have a healthy credit score in the pursuit of buying property.”

Carl Coetzee, chief executive of BetterBond, says self-employed individuals require more comprehensive documents and so should approach a bond originator

for assistance.

“The documents needed will vary from person to person.”

How the process works, from start to finish Once a buyer has signed an offer to purchase on a property, Rademeyer says the buyer – or the estate agent – will provide the mortgage originator with relevant information pertaining to their financing needs, together with the supporting documents.

“The mortgage originator compiles the application and submits it to multiple banks on behalf of the buyer. Based on the individual bank’s feedback, the mortgage originator will negotiate the best home loan deal and interest rate.

“Once feedback is received from the banks relating to the approval and the interest rate attached to the bond, the originator supplies this information to the buyer, who can then choose the preferred financing option.”

He says the process from submission to grant takes, on average, about seven days,

assuming all the required documentation is received.

“In some cases, a decision can take just 24 hours.”

Coetzee notes that the banks are able to respond “rather quickly”, depending on their volume of applications.

“However, we generally tell clients it can take anything from an hour to three days to receive all the bank offers. Each bank has its own timelines as to when they are able to revert and this has been affected by lockdown.”

Benefits of using an originator Bond originators are an intermediary between the buyer and the bank and submit one application to multiple banks to secure the best possible interest rate for a borrower. The more banks applied to, the more favourable the interest rate is likely to be.

Coetzee says: “On average, BetterBond achieves a 0.6% difference in interest rate between the highest and lowest offers from the banks and, in some instances, much more.

“This means, for example,

that a client who would qualify for a prime interest rate of 7% on a R1 million bond could receive a further reduction of 0.6% just by getting their bond through BetterBond. This amounts to a saving of almost R400 on monthly bond repayments and, over 20 years, close to R87 000.”

Similarly, research by ooba shows that home buyers who obtain only one quote for finance could repay their home loan at an interest rate that is 1% higher than if they had used a home loan comparison service.

Geldenhuys says: “A 1% difference in interest rate could translate into a saving of almost R850 a month, or R10 000 a year, on your monthly repayments.”

He adds that 42% of people who are declined by one bank are approved by another bank using ooba Home Loans’s origination services.

“The risk of applying to only one bank is simply too high these days as each bank has a different appetite for lending, and as a result, their lending scorecard might be tighter than others.”

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A PANDEMIC, lockdowns, and lived through a lot recently, so a slowdown in the property market, as indicated by bond originators, is

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Property slowdown could be a boon

Letter from the editor unrest. South Africans have

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As the market cools off after the boom of last year, first-time home buyers can make use of bond originators to negotiate a more favourable property price

BY BONNY FOURIE bronwyn.fourie@inl.co.za

almost inevitable However, in the words of my late and beloved colleague Alan

Bond origination has grown to be a significant player in the country’s property industry.

PICTURE: THIRDMAN/PEXELS

Simonds, the one thing people will always still need after the dust has settled is a place to live.

We have seen some kneejerk reactions in the past week of people wanting to emigrate but many more South Africans, from all walks of life, are here to stay, come what may, and are driven to build a more inclusive future for all.

The Government has, over the years, made some options available to the lower-end of the market to help them access property including Finance Linked Individual Subsidy Program (FLISP) for the gap market. Low interest rates also means that owning a home is more accessible and bond originators certainly saw an uptake with applications last year.

In times of gloom, one only has to talk to the property industry, in which our bond originators play such a vital part, to be cheered up.

The industry is ever optimistic, highlighting South Africans’ resilience and sense of Ubuntu.

Before adjusted lockdown level 4, I met briefly with Carl Coetzee, chief executive of Betterbond, one of the country’s biggest originators. At the time, he believed there would still be a good-news property story to tell.

Knowing his optimism, something that is shared by the industry, I suspect his story will remain the same, despite what we have faced in recent weeks.

In times of disquiet and troubles, I always say let’s take on the optimism of the property industry, and know there can be a better tomorrow for all.

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HE PROPERTY industry in South Africa could be nearing the start of a downturn.

Shaun Rademeyer, chief executive of MultiNET Home Loans, says this is due, in part, to the latest Covid-19 wave coinciding with winter.

“We have seen a slowdown in (new bond) submissions over the past two months as the third wave of Covid-19 takes its toll on the country.

“We also know the winter months, including school holidays, generally influence the residential property industry, and so this could be the start of a downturn.”

While consumers can still take advantage of the low cost of borrowing, he notes that the high unemployment rate and low consumer confidence could have a negative impact on the property boom which began after the hard lockdown of last year.

International property markets are also experiencing higher-thannormal price inflation leading to potential property bubbles.

“The slowdown in the South African property market and a potential interest rate hike at the end of 2021 could benefit first-time home buyers able to negotiate a more favourable property price.”

LATEST PROPERTY TRENDS In terms of trends, Rademeyer says bonded properties registered in the past six months have shown a 6.64% average growth, but as Gauteng shows the lowest growth percentage of all the provinces at 4.5%, this could indicate a “higher amount of interprovincial movement because of the new work-from-home environment we find ourselves in”.

In the space of a year, says Kay Geldenhuys, head of sales fulfilment at ooba Group, buyers have substantially changed their

criteria for an ideal home.

“Initial lockdowns forced a major portion of the workforce, as well as scholars and students, to work or study from home.

And, for a large proportion of the population, this has become a semi-permanent or permanent arrangement. Consequently, buyers are prioritising quality of life and new ways of working when purchasing a home.”

Properties that feature separate workspaces, reliable internet connectivity and more space for families spending more time at home are in demand.

Also, buyers are finding bigger properties at better value for money in suburbs outside main CBDs, she says.

“Areas that were once viewed as potential holiday home destinations are now more soughtafter as permanent residences as opportunities to work and study remotely, while enjoying a better lifestyle, have increased.”

ORIGINS OF ORIGINATION

Mortgage origination came to South Africa in the late 1990s.

Before that, banks sold their own mortgages as products, says Mandy Waddington, head of marketing at ooba.

While consumers were originally hesitant to go with a mortgage originator over banks, by 2007, a total of 60% of all home loan applications were sourced through originators.

“The entry of mortgage originators to the home loan market has drastically changed the way that banks interact with home loan clients, as there is now an added layer of competition,” she says. “The industry has evolved to be seen as the best way for prospective buyers to secure their dream home – and the service is free.”

Although the initial consumer buy-in was small, Carl Coetzee of BetterBond says growth has been “phenomenal”.

BetterBond, ooba, and MultiNET Home Loans are among the biggest originators in the country.

MultiNET’s Shaun Rademeyer says the bond origination industry has subsequently maintained a “significant foothold” in the broader mortgage industry by adapting to changes in the housing market and technology to create an efficient and beneficial service to home buyers.

INTEREST RATES STILL FAVOURABLE Interest rate are stable at their lowest levels in 60 years, says Kevin Mountjoy, director of Bond Gallery. There is “huge demand” for property, especially in the lower-to-middle markets up to R1.8 million. And first-time buyers make up 48% of all home buyers.

“There is an increasing demand for residential properties, especially in gated estates and sectional title/cluster complexes in the middle price range of R800 000 to R1.8m.”

Yet, while most of the activity in the past year has been at the lower end of the market, Carl Coetzee, chief executive of BetterBond, says buyers in all price bands are starting to take advantage of the low interest rates.

“We have seen a 36% increase in approved bonds for homes between R2.5m and R3m and a 31% increase in bonds for homes of over R3m for May year-on-year.”

Warm regards

Vivian Warby vivian.warby@inl.co.za

FIND US HERE: FACEBOOK: @property360.co.za TWITTER: @property360_za INSTAGRAM: @property360.co.za

W H O ’ S W H O A M O N G T H E B I G G E S T B O N D O R I G I N AT O R S M U LT I N E T

OOBA

BETTERBOND

Founded: 2001 Market share: 10% Shareholders/affiliations: MultiNET partners with many independent estate agents and developers.

It also has partnerships with brands such as Keller Williams and www.property.co.za

Founded: 1998 Market share: Not able to disclose Shareholders/affiliations: (Top 10) Pam Golding Properties, Seeff, Harcourts, Jawitz, Sotheby’s International Realty, Wakefields, Century21, Dormehl, Huizemark, Vered

Founded: 2000 Market share: Accounts for 25% of all new mortgage bonds registered annually Shareholders/affiliations: BetterBond works with many real estate partners, including RE/MAX, Chas Everitt, Tyson and RealNet

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 Executive Editor Property Vivian Warby vivian.warby@inl.co.za Features Writer Property Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

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Avoid ing the big mistakes

When preparing to apply for a loan to buy a home, it is always best to know your credit score and to understand what you can afford, say experts

BY BONNY FOURIE bronwyn.fourie@inl.co.za

Buyers who are able to put down a deposit will see a number of benefits, including being in a better position to negotiate.

PICTURE: KINDEL MEDIA/PEXELS

Q: WHAT is the biggest mistake prospective buyers make when applying for a home loan or preparing to apply for one?

A1: Not knowing their credit score and not understanding what they can realistically afford is the number one barrier preventing prospective buyers from securing a home. Don’t waste your time and assume your affairs are in order as almost 17% of all home loan applications are declined due to affordability (credit score and insufficient net surplus income).

– Mandy Waddington, head of marketing at ooba Group A2: First, the biggest mistake would be to not use a mortgage origination service. Second, you need to understand the process and what you can afford.

MultiNET offers a preapproval assessment that provides consumers with advice on their buying power. Buyers must also maintain a clear credit profile and ensure all accounts, and possible blemishes, are updated before submitting to a bank. – Shaun Rademeyer, chief executive of MultiNET Home Loans A3: Many do not know their credit score or what they can afford. Also, make sure you have all your documents in order – this includes recent salary slips and

a good indication of monthly expenses. – Carl Coetzee, chief executive of BetterBond Q: What is the most common misconception that buyers have before or when applying for a home loan?

A1: Many think that all banks are the same. The banks vary in terms of their appetites to lend, lending policies, lending criteria and risk appetite, and given these varying policies, mortgage originators are in the best position to navigate a loan application to the banks to get the best result. – Kevin Mountjoy, director of Bond Gallery A2: Many buyers think they have to apply to their own bank for a home loan when, in fact, they could possibly secure a better loan rate by working with a bond originator that will apply to more than one bank to secure the most competitive rate. – Carl Coetzee, chief executive of BetterBond A3: The main misconception we find among home buyers is that they must approach their own bank to obtain the best home loan deal. But this is not necessarily the case and with the originator submitting applications to multiple banks the best deal will be obtained. This will not necessarily be with their current

bank. – Shaun Rademeyer, chief executive of MultiNET Home Loans Q: What advice can you offer buyers when deciding how much to spend on their first home/property?

A1: Make sure you know how much you can afford. Also, take into account the costs associated with acquiring a bond, such as transfer fees and bond costs. Make sure you understand all the costs involved. You may be able to qualify for a bond of R1 million, for example, but you will have to pay other costs as well before the transfer of your home can be finalised. – Carl Coetzee, chief executive of BetterBond A2: Get prequalified – get an ooba Home Loans expert to prequalify you. Check your credit score and complete a full affordability assessment to establish what you can afford before even looking at a house. There really is no other guaranteed way of ensuring a successful home loan application outcome. – Mandy Waddington, head of marketing at ooba Group A3: Use a mortgage originator to get pre-qualified and to give purchasers the best advice in terms of their mortgage options and the loans process. – Kevin Mountjoy, director of Bond Gallery

Q: How important is it to have a deposit? And how much do you recommend?

A1: Having a deposit is always preferable. In most cases, banks offer you better interest rates when you have a deposit. This provides you with the knowledge that you have equity in your property. If anything unforeseen happens, and the buyer needs to sell, the ability to cover the outstanding bond and provide some leeway for fees and other related property expenses is provided for through the deposit money. – Shaun Rademeyer, chief executive of MultiNET Home Loans A2: Putting down a deposit when signing an offer to purchase is seen as a show of commitment. A deposit (usually 10% of the cost of the property) indicates to both the banks and the seller that you are a serious buyer.

However, while deposits were once part and parcel of the home buying process, our latest statistics indicate that zerodeposit home loan approvals are on the rise. During the first quarter of last year, we successfully obtained home loan finance for 80.7% of our applicants – 61% of who required a zero-deposit loan. – Kay Geldenhuys, head of sales fulfilment

at ooba Group A3: Although banks do approve loans up to a 100%, it is always an advantage to have a deposit available. Loans will be assessed against risk, and having a deposit reduces the bank’s risk, which can secure buyers a competitive concessionary interest rate of below prime. – Kevin Mountjoy, director of Bond Gallery A4: While most buyers have an idea how much they can afford to pay each month towards their bond, few realise the importance of putting down a deposit when applying for finance.

A deposit will make a significant difference when it comes to banks deciding whether to approve or decline a bond application. A deposit, even if just 10% of the purchase price, will go a long way to securing a better interest rate. Banks look more favourably at an applicant who appears to be a lower lending risk and paying a deposit suggests the applicant is able to manage their money.

It also counts in a buyer’s favour when negotiating with a seller. Being able to put down a deposit signals intent. Sellers are more likely to consider an offer if they are dealing with a serious buyer. – Carl Coetzee, chief executive of BetterBond

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IT’S LOCATION, LOCATION, LOCATION BUYERS embarking on the househunting process should understand the maximum loan amount they qualify for, says Shaun Rademeyer, chief executive of MultiNET Home Loans.

They then need to establish where their budgets allow

them to buy.

“Our advice is to find areas with higher-valued properties and then find a property in that area that needs some TLC and fits in the budget.

This will give a home buyer the best return on their investment in the long run after some

improvements have been made.”

Alternatively, if home improvement is not a buyer’s game, Rademeyer advises that they research the areas properly with a qualified estate agent and be sure to make a suitable offer based on their affordability levels.

The majority of home loans registered by the banks come through bond originators. PICTURE: KINDEL MEDIA/PEXELS

Originators can give a leg up the ladder

A buyer should look to purchase in an area that has higher-valued properties that fit into their budget. PICTURE: NIKOLA KNEZEVIC/UNSPLASH

Understanding the process

BOND originators entered the South African mortgage industry in 1999 and, by 2001, after only two years, originators accounted for approximately 40% of total mortgages granted, says Mandy Waddington, head of marketing at ooba Group.

“Currently, about 60% of all buyers are using a home loans comparison service, such

as ooba, to secure finance for their property transaction.”

Shaun Rademeyer, chief executive of MultiNET Home Loans says about 50% of the bond business in South Africa is procured through originators.

“It has been stable over the past few years with the banks’ share of the market being concentrated in the private

banking space and origination focused on first-time buyers.”

Kevin Mountjoy, director of Bond Gallery, adds: “Mortgage origination is a mature industry, having been established more than 20 years ago, and has evolved over the years to the extent that mortgage origination accounts for over 60% of all loans registered by the banks.”

Y O U R B A N K K N O W S E V E RY T H I N G

Buyers need to fully understand the criteria that banks consider when assessing their home loan applications. PICTURE: TUMISU/PIXABAY

ASPIRING homeowners often do not understand what is required of them to ensure a successful home loan application – or what the banks actually base their decisions on, according to Kevin Mountjoy, director of Bond Gallery.

They might not understand that the most important criteria that the banks look at in assessing a client’s loan application are what they can afford and their credit rating.

“It is important for potential buyers to understand their purchase price parameters based on their affordability.”

Getting prequalified is an essential part of the buying process as it helps buyers understand their buying potential, based on affordability.

“Understanding their external credit profile/credit score is also a huge factor in the bank’s approval of a mortgage loan.”

It is possible that a buyer’s own bank could know too much about them to grant a them a bond.

PICTURE: EXPECT BEST/PEXELS

MANY home loan applicants believe that it is more convenient to approach their own banks for home loans,

own bank could also know “too much” about them.

“For example, a bounced debit order could impact your

approval. But this is also not necessarily the case.

“All banks are governed by the National Credit Act,

as the institutions already have their information and

internal credit rating with your bank,” she says.

and have a responsible lending policy, so they

documentation.

But Kay Geldenhuys, head

Many buyers also believe that their own bank will

cannot show favour to their customer over others.

of sales fulfilment at ooba Group, says this can often work against a buyer as their

show them some degree of preferential treatment and improve their changes of

“Everyone is evaluated for a home loan in exactly the same way.”

PICTURE: LAURA TANCREDI / 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 Anne Reddy 0 8 2 8 2 8 0 0 1 0 Larissa Marks 0 7 6 2 3 1 1 0 8 9

anne.reddy@inl.co.za larissa.marks@inl.co.za

TO ADVERTISE IN WESTERN CAPE Leigh Auret 074 991 3373 Shevon Philander 078 422 4925

leigh@property360.co.za shevon.philander@inl.co.za

TO ADVERTISE IN GAUTENG Contact any of the four sales representatives above

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LAST FEW FROM THE DEVELOPER

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I H L AT H I , PA R K L A N D S

H E L P S F I R S T- T I M E H O M E O W N E R S G E T G O V E R N M E N T S U B S I D Y

A

SOUTH AFRICAN property developer is helping aspiring home owners who earn less than R22 000 a month access an “underutilised” government housing subsidy to purchase their first homes.

This Finance Linked Individual Subsidy Programme (Flisp) grant helps qualifying first-time buyers caught in the “gap” market – those who historically earned too little to buy property – with financial support.

Property expert Toni Enderli says the Flisp subsidy, combined with the lowest

ABOVE: Many families in the ‘gap market’ might be able to buy into the Ihlathi Estate in Parklands.

RIGHT: Ihlathi Estate is Green Building Councilcertified, includes solar geysers, has fibre-ready internet and 24-hour security monitoring.

BELOW: Property expert Toni Enderli.

interest rates in 50 years, transfer duty relief and higher home loan approval rates, means many families who rent could, for the first time, be able to buy into Ihlathi Estate in Parklands, Cape Town.

Responding to reports of bureaucratic challenges in accessing Flisp subsidies, Enderli says International Housing Solutions (IHS), developers of the entry-level, innovative and eco-friendly, gated community Ihlathi has appointed dedicated Flisp agents to help.

“Many who qualify are not accessing Flisp funding due to various challenges.

Our Flisp team is helping them buy their first home in Ihlathi by taking away the

administrative pain.”

Wayne Lawson, development sales director at Realtor of Excellence, adds that low interest rates, no transfer duty or fees, higher loan rate approvals, attractive entry-level offerings and Flisp subsidies offer “unprecedented” opportunities to prospective home buyers.

“Monthly repayments for onebedroom units – priced from R699 999 – at Ihlathi are less than R5 500 per month, compared to R7 500 a month to rent a similar space.”

Prices of two-bedroomed units start from R779 999 and three-bedroom units from R1 249 999.

Furthermore, notes IHS’s South African managing director Rob Wesselo,

Ihlathi is Green Building Council-certified, includes solar geysers, has fibre-ready internet,and 24-hour security monitoring.

“In addition to affordability, you’re buying into a safe, secure and ideally located community on a green belt. This value is unprecedented.”

To see if you qualify, call Ihlathi’s Flisp specialist Ayeshia at 082 871 6799 or visit http://ihlathiparklands.co.za or e-mail ihlathi@realgroup.co.za.

You can also contact the following agents: • Samantha 064 684 5507 • Bronwyn 082 770 0463 • Jason 079 625 5057 • Liezl 066 347 1686

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Office +21 (0)21 461 3848 www.papstproperties.co.za

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26 DE LONGUEVILLE IN CAPE TOWN

A statement of excellence

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Ideal for those seeking a life of modern luxury, vibrancy and seclusion, 26 De Longueville merges sophisticated design with security, privacy and convenience. Its excellent location, in this beautiful and sheltered suburb close to the bustling energy of the City and the Atlantic Seaboard, offers endless lifestyle advantages.

THE APARTMENTS This brand-new development offers 4 exclusive apartments, each occupying its own floor starting from R15.25 Million. The 3 bedroom, 3.5 bathroom units are all en-suite, with expansive living areas.

The depictions herein are for illustrative purposes only and are subject to change without notice.

The contemporary design flows effortlessly from the interior to the exterior of each spacious unit. Internal layouts feature generous open-plan imported Italian design kitchens by Assirelli, spacious dining and lounge areas with engineered oak flooring.

Generous master suites and guest bedrooms all boast en-suite bathrooms with a selection of high-quality contemporary finishes that deliver chic and comfortable interior spaces. Elements such as timber, aluminium, glass and porcelain reflect a sophisticated style that is both functional and minimalist; the epitome of lowmaintenance, modern-day living that welcomes personal style and decor.

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The depictions herein are for illustrative purposes only and are subject to change without notice.

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GRE E N P O IN T - R 9.2 MI LLI O N NEW RELEASE

Web Ref: RL11451

BEST VALUE

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Web Ref: RL11445

JULIET 074 768 6090

GARD E NS - R 1.895 M I L L I O N

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C IT Y C E N T RE - R 2.4 MI LLI ON

Web Ref: RL11447

This double storey is immaculate with an open-plan living area, dining & kitchen 2 Bedrooms, a guest bathroom & a shower en-suite. Single garage & parking bay

J U L Y

Web Ref: RL11455

ONE-LEVEL MODER N HOME

VIC TORIAN GEM

This newly renovated 2 bedroom, 1 bathroom apartment has great light and boasts a fantastic Lion’s Head view. 1 Secure parking bay included

This 2 bedroom home is situated in the sought-after enclave of Parklands North Close to all shops, shopping centres and schools. Single garage and parking bay

Newly-renovated Victorian home located in a quiet cul-de-sac is not to be missed 4 Bedrooms, 2 bathrooms, manicured garden and splash pool. Garage

DUNE TANCREL 084 358 4910

NATALIE KOCH 082 393 8923

SERRYN PRYTZ 082 770 7680

OBSERVATORY - R 2 .95 M I L L I O N

AV I G N O N - R 2 . 5 MIL L IO N

GRE E N P O IN T - R 4.8 MI LLI ON

NEW RELEASE

NEW RELEASE

Web Ref: RL11458

NEW RELEASE

EXCLUSIVE

Web Ref: RL11452

T H E U LT I M AT E IN LO CATIO N AN D LIF E ST YLE

This beautifully spacious 2 bedroom, 2 bathroom apartment offers both easy living & entertaining all in one space. Good security & 1 secure underground parking bay

NATALIE PETERSEN 082 961 7602

YOUR DR EAM HOME AWAI TS

Looking to create the home of your dreams. Look no further - 1000M 2 VACANT LAND -

LEAH 082 608 3388

Web Ref: RL11460

CONTEMPORARY MODERN APARTMENT

This spacious 2 bed unit with gorgeous 1930’s wooden floors & contemporary finishes, is all the luxury you need & in a great location. Garage

MEGAN 071 266 6655

SERRYN PRYTZ 082 770 7680

C H OI C E S E L E C T I O N O F C A P E T O W N ’S D EVELOP MENTS T H E I V O RY

SEA POINT - R 1.495 M I L L I O N

Web Ref: RL10383

PINE TE R R ACE

KE N ILWO RT H UP P E R - R 4.99 MI LLI O N

Web Ref: RL10219

UPSCALE YOUR QUALIT Y OF LIFEST YLE

The Ivory, one of the Mother City’s most coveted locations. Where minimalism and elegance seamlessly merge. VAT Incl. - No Transfer Duty

LLOYD 084 945 5118

O CEAN VI LL AS

Y Z ER F O N TEI N - R 7.9 95 MIL L IO N

LEAH 082 608 3388

Web Ref: RL10889

UNOBSTRUC TED VIEWS & UNBEATABLE VALUE Ocean Villas - Secure residential beach estate in Pearl Bay, Yzerfontein West Beach, Cape Town. VAT Incl. - No Transfer Duty

NATALIE 082 393 8923

NATALIE 082 961 7602

DISCOVER HOME & ST YLE

Pine Terrace is located in a prime position, pet-friendly and family focused homes designed by leading architect Kevin Gadd. VAT Incl. - No Transfer Duty

MATTHEW 083 645 4583

Rentals 021 433 2580 A visionary company with decades of experience

LESLEY 061 439 8225

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RHONDA RAAD PROPERTIES

CONTACT US NOW: 082 448 7795

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.

CITY CENTRE R1,675 MILLION RONDEBOSCH R1,575 MILLION CLAREMONT UPPER R1,695 MILLION RONDEBOSCH R2,6 MILLION RONDEBOSCHR1,15MIL-R1,95MIL

Spacious & Modernised 7th Floor Art Deco Studio in Sought-After Holyrood with GlassEnclosed Balcony & Breathtaking Mountain Views over the Company Gardens. Walk to Shops, Restaurants & Transport.

Small Security Complex. Spacious Two Bedroomed Apartment with Lounge leading to large Balcony. Two Bedrooms with ample Cupboards. Fitted Kitchen & Full Bathroom. *Parking Bay. *Close to Dean Street Shops, Restaurant and Jammie Shuttle Stop.

24 HR Security Complex in beautiful gardens with communal swimming pool and braai area. Spacious Two Bedroomed Apartment with Lounge and Balcony with views Kitchen & Shower Bathroom. *Parking Bay.

Security Complex above Main Road. Large Three Bedroomed Apartment (127m²) with mountain views. Fitted Kitchen and Lounge with Balcony. *Plus Garage. *Close to UCT, Schools, Shops and Transport.

24 HR Security Shareblock Complex in pretty garden setting. Choice of One Bedroomed & Two Bedroomed Apartments with views! Catering and Cleaning Facilities. *Includes Garage / Parking.

CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: rrpsales@mweb.co.za / www.rhondaraadproperties.co.za

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

www.property360.co.za

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TOP ADDRESS IN HYDE PARK, JOHANNESBURG!!

STYLISH AND SPACIOUS RESIDENCE WITH SWIMMING POOL ,TENNIS COURT & MORE ONLINE LIQUIDATION AUCTION

In liquidation: Sandton Property Developments 2001 (Pty) Ltd. Master’s ref: G1160/2020

ONLINE BIDDING: 12:00, 10-11 AUGUST 2021 BID AND REGISTER: www.vansauctions.co.za AUCTION OF: 81, THIRD ROAD, HYDE PARK, JOHANNESBURG Extent: ± 3000 m² Improvements: Ÿ Entrance hall, lounge, dining room with sun room & family room Ÿ 4 bedrooms Ÿ 3 bathrooms (2 en suite) Ÿ Separate toilet Ÿ 2 TV rooms, kitchen & scullery Ÿ Office area (outside house) with bathroom & kitchenette Ÿ Double garage Ÿ Swimming pool & pool house with bathroom & kitchen Ÿ Tennis Court Ÿ Closed patio & open patio Ÿ Entertainment area & bar area Ÿ Domestic quarters: 2 rooms, bathroom & kitchen Ÿ Guard house Ÿ Flat: Inside the house with 2 bedrooms, 2 bathrooms, kitchen, dining room and TV room Ÿ Outside shower and toilet

WEB21/0141

AUCTIONEER’S NOTE: A beautiful mansion with and excellent address on a large stand with a swimming pool and tennis court.

An opportunity not to be missed!!

Tennis court

R100,000 registration fee, 10% deposit: Bidders to register & supply proof of identity and residence. Regulations to Consumer Protection Act: www.vansauctions.co.za Rules of Auction to be viewed at 36 Gemsbok Street, Koedoespoort Industrial, Pretoria.

Tel 086 111 8267 | Auctioneer: Anton Shand

BIDDERS TO REGISTER ONLINE, REGISTRATION FEE OF R100,000 PAYABLE VIA EFT ONLY, FICA DOCS REQUIRED TO BE ABLE TO REGISTER.

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TIMED ONLINE AUCTION BIDDING OPENS AT 12 NOON ON WEDNESDAY THE 4 th OF AUGUST 2021 Bid via our APP: https://bidlive.maskell.co.za

Duly instructed by the Trustee of the Insolvent Estate: SS Sambo, Master Ref. no.: G879/2018

INSOLVENCY AUCTION OF A 3-BED FAMILY HOME WITH SEMI DETACHED OUTBUILDING LOCATED IN ALBERTSKROON, JOHANNESBURG 7 Fifth Street (also known as Long Street)

BIDDING OPENS AT 12 NOON ON WEDNESDAY THE 4th OF AUGUST 2021 & CLOSES AT 12 NOON ON THURSDAY THE 5th OF AUGUST 2021 Download our APP “Peter Maskell Auctioneers” – from IOS or the Play Store OR visit https://bidlive.maskell.co.za

Contact Danielle 0828016827 / danielle@maskell.co.za • R50 000 buyer's card deposit payable by EFT • 10% deposit payable on fall of hammer • FICA docs to be provided • Auctioneer’s commission of 6% + VAT on purchase price payable by purchaser on date of auction • Viewing strictly by APPOINTMENT ONLY • Sale is subject to confirmation • "ABOVE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE (E&OE)

AUCTIONS There is a commonly held belief that property auctions are a good place to pick up a bargain because auctioneers often handle sales in execution / property reposessions / liquidations.

Our dedicated auction section allows auctioneers to showcase their properties to buyers looking for these bargains.

THE AUCTION SECTION OF THE PORTAL OFFERS: • Advice to buyers • Auction news • Recommended auctioneers to deal with • Diary of upcoming auctions Contact LEIGH to get your listings visible 074 991 3373 or leigh@property360.co.za

www.property360.co.za

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A G E N T S ’ D I R E C T O R Y

RAWSON PROPERTY GROUP Cape Town Office 021 658 7100

360

PROPERTY

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www.rawson.co.za

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

MORTGAGE MAX Durban Office 073 900 8714 Office 082 336 6490 www.mortgagemax.co.za

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

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

BETTERBOND KZN Office 080 000 7111

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

PAPST PROPERTIES Western Cape Office 021 461 3848 Email: margit@papstproperties.co.za www.papstproperties.co.za

MULTINET HOME LOANS KZN Office 0861 54 54 44

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258

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

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

debbie.reabow@rawsonproperties.com

southernsuburbs@dogongroup.com

www.dogongroup.com

www.betterbond.co.za

www.multinet.co.za

TOP ADDRESS IN HYDE PARK, JOHANNESBURG!!

STYLISH AND SPACIOUS RESIDENCE WITH SWIMMING POOL ,TENNIS COURT & MORE ONLINE LIQUIDATION AUCTION

In liquidation: Sandton Property Developments 2001 (Pty) Ltd. Master’s ref: G1160/2020 DOGON GROUP PROPERTIES VAN’S AUCTIONEERS

Western Seaboard Gauteng ONLINE BIDDING: 12:00, 10-11 086 AUGUST Office: 021 556 5600 or 021 433 2580 Office 111 82672021 BID AND REGISTER: www.vansauctions.co.za Email: enquiries@dogongroup.com www.dogongroup.com www.vansauctions.co.za

AUCTION OF: 81, THIRD ROAD, HYDE PARK, JOHANNESBURG

Extent: ± 3000 m² Improvements: Ÿ Entrance hall, lounge, dining room with sun room & family room Ÿ 4 bedrooms Ÿ 3 bathrooms (2 en suite) Ÿ Separate toilet Ÿ 2 TV rooms, kitchen & scullery

www.property360.co.za WEB21/0141

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

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