Neighbourhood DBN - 12 March 2017 by Your Neighbourhood

12 MARCH 2017

Neighbourhood PROPERTY & LIFESTYLE

The beach life A true seaside wonder, Ballito is attracting holiday-makers from all over the country, page 2

SUBURB FOCUS: BALLITO

BUSINESS Q&A

PROPERTY NEWS

12 MARCH 2017

Neighbourhood

Suburb focus

Ballito Here’s what’s happening in property in the area WORDS: MOLLY FITZ-PATRICK

ith its wonderfully warm weather all year-round, stunning beaches and relaxed vacation feel, Ballito is one of the most popular holiday towns in South Africa. The resort town lies about 40km north of Durban, around a 40-minute drive away. Warm water, pods of dolphins and pretty sugar cane fields are just a few of the reasons Ballito is a firm favourite among holidaymakers all around the country. Recently there has been a population boom in Ballito, with people from all over the country choosing the coastal town as their new home. Its growing popularity with buyers, investors and visitors alike has been

aided by the close proximity of the King Shaka International Airport, about a 20-minute drive away, and the various new residential developments in the area. It has become common for buyers and their families to relocate to the town and commute to work further afield, often in Gauteng. As crazy as it sounds, sometimes the travelling time for a flight to Joburg from King Shaka International Airport, and then a train into Sandton can be shorter than driving from Pretoria to Johannesburg. At its core, Ballito is a holiday town and is therefore geared towards tourism. It’s home to numerous top-class amenities, with many great restaurants located around

IMAGES: SHANE VAN ECK, STEPHEN PILBROUGH & ISTOCK

the town and three shopping malls: Ballito Lifestyle Centre, Ballito Junction and The Quarter. There are many good schools close by, in Umhlanga, Stanger and Tongaat, for any families thinking of moving, or already living in Ballito.

the Flag Animal Farm, the Ndlondlo Reptile Park and paintball arenas.

Of course, the main attractions are the beaches and what comes with them: warm water, tidal pools, surfing, swimming, scuba diving and more. The coastal town is also home to The Ballito Pro, an annual international surfing competition. Other top tourist attractions that draw the crowds year-round are

Ballito is a true seaside wonder and the perfect destination for a holiday or to settle down in. It has come a long way from when it was first established in 1954 as a private township. Its immense growth over the past two decades has seen it transform into a laid-back, fun and stunning destination for all.

THINGS TO DO: • Explore the King Shaka Heritage Route. • Discover the Ballito Tidal Pool. • Go for a swim at Clarke Bay Beach. • Take a sightseeing trip in a helicopter. • Visit the Flag Animal Farm.

PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423

EDITORIAL TEAM: Group Editor: Charis Le Riche charisl@yourneighbourhood.co.za Junior Managing Editor: Molly Fitz-Patrick Senior Sub-Editor: Mlungisi Mthembu Designers: Anja Bramley & Samantha Durand Group Online Editor: Lauren Joubert

BEST IN FOOD: • • • •

Al Pescatore Beira Alta La Fiamma Mo-Zam-Bik Ballito

NEARBY MEDICAL FACILITIES: • Netcare Alberlito Hospital • Ballito Medical Centre • Pearl Wellness Clinic

ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Advertising: Julie Ellice kzn@yourneighbourhood.co.za Production (Editorial Advertising): Lucea Goosen lucea@yourneighbourhood.co.za

12 MARCH 2017

Neighbourhood

PROPERTY NEWS

For sale

For rent

Median asking prices

Median monthly asking prices

R5,2m

R14,500

For a typical property (four-bedroom house)

R3,25m In a complex

R2,81m For an apartment

For a typical rental property (three-bedroom apartment)

R4,84m For a house

R17,300 In a complex

Property type 61% house

Monthly bond repayments For a typical property in this area.

Agent Insight Local property experts give us the inside scoop on Ballito

31%

apartment

R9,300 For an apartment

R23,600 For a house

Property type 8%

complex

You’ll pay

45%

48%

house

Based on

apartment

over a period of

R51,916

R5,2m

10,5%

per month

median asking price

years

prime

complex

What makes Ballito area, as a location, such an attractive place to reside in/near?

What lifestyle could someone expect if they lived within the Ballito area?

Apart from the awesome community, endless summers, golden beaches, inviting warm ocean, world-class golf courses, Microlight adventures, mountain bike and running trails, fabulous family and fine dining restaurants, boutique shopping, indulgent spas, sunset cocktails and Big Five game reserves a short drive away, it’s probably having quick access to King Shaka International Airport. Question is, if you don’t live here, why not?

To live in Ballito is pure heaven on earth. Imagine a rustic lifestyle in the lush green surrounds of Ballito; the warm Indian Ocean on your doorstep; world-class estates such as Zimbali Coastal Resort and Simbithi Eco-Estate; retail therapy around the corner at several shopping malls; a stone’s throw away from Durban, Umhlanga and various Big Five game reserves; within reach of the world via King Shaka International Airport.

Kerry Ritson & Angie Crickmay

Gert Vorster

CENTURY21 DOLPHIN COAST 082 883 7929 / 082 576 9391 kerry.ritson@century21.co.za angeline.crickmay@century21.co.za century21.co.za

ENGELS & VÖLKERS 083 259 9422 gert.vorster@engelvoelkers.com engelvoelkers.com

PROPERTY NEWS

12 MARCH 2017

Neighbourhood

My business neighbourhood

fresh-air aesthetics of Scandinavian interiors, I began designing pieces that would grow with my daughter. Shortly after producing my first designs, friends began placing orders and employing me to style their children’s bedrooms. Q: Why did you choose this area to set up shop? A: My business is run from home on Durban’s South Coast in Amanzimtoti. I’ve built wonderful relationships with suppliers in the area and love the sense of family that comes with a smaller city. Q: How did you find your premises? A: My premises are based at my home as this allows me to be flexible and family orientated.

Genevieve Motley creates bespoke playroom must-haves in her Amanzimtoti home studio

Q: Why are the premises ideally suited to your business? A: There are many talented women entrepreneurs, which brings a great sense of community. The beautiful Book Boutique is just around the corner from my home, making a perfect venue to meet clients.

Q: Who are your neighbours? A: I live around the corner from Rockview Road, which has become somewhat of a creative hub, with little boutique shops and trendy coffee shops. The Galleria shopping mall is just five minutes away and is home to the likes of Typo, H&M and Cotton On.

Q: How did your business start? A: Inspired by the craftsmanship and

Q: What are the shop rental/ sales prices like in this area? A: I haven’t had to look into this,

WORDS: MEGAN DEANE IMAGES: SUPPLIED

reating and rearranging her five-year-old’s bedroom decor led to Genevieve Motley following her passion for design and starting her business, Olly Polly.

as the beauty of my business is that it’s run purely online. Q: How many people go through your store each day? A: My customers come from all over the country as I function as an online store and run successful Facebook and Instagram accounts. Q: Do you have any expansion plans? A: I’m constantly bringing out new products and I’m looking to expand the interior styling side of my business this year. Being a mom myself, I know the importance of blending comfort with style to create practical spaces that children will love. Q: Do you operate online as well? A: Most of my business happens online through my online shop (ollypolly.co.za), Facebook and Instagram accounts. Q: What’s your most popular item? A: My staples have always been my wooden baby gyms, teepee shelves and house shadow boxes. However, since the launch of my swan princess and unicorn wall hangings last month, I can’t seem to keep up with them.

SEE FOR YOURSELF: Olly Polly ollypolly.co.za

FOREST VILLAGE RETIREMENT HOMES. PHASE 4 - JUST LAUNCHED

Brettenwood Coastal Estate, located on one of the most exquisite stretches of coastline in KwaZulu-Natal is excited to announce the launch of the final phase in their award winning retirement community, Forest Village. Nestled between the warm Indian Ocean, indigenous forest, and acres of lush green sugarcane, Forest Village offers a serene and peaceful retirement experience, on an Estate renowned for its beauty, security, tranquility and exclusivity. Take walks along the stunning trails, spend an afternoon winding around the dam, sit back and relax spotting birds and wildlife from your own patio, or for the more social, join the rest of the Forest Village community for various activities and events. 2 OR 3 BEDROOMS

•

2 BATHROOMS

ALOE UNIT - R 4 050 000 NO TRANSFER DUTY 3 Bedrooms

•

SEA OR FOREST VIEWS

•

LUXURY FINISHES

FERN UNIT - R 3 755 000 NO TRANSFER DUTY 2 Bedrooms

•

MULTIPLE CLUBHOUSES

•

HEATED AEROBIC POOL

LILY UNIT - R3 575 000 NO TRANSFER DUTY 2 Bedrooms

Brettenwood Coastal Estate

Shavaun Lindsay

072 194 8672

032 525 4581

Sheffield Beach

Greg Simmonds

084 515 7464

info@brettenwood.co.za

KZN North Coast

Michelle Larkens

082 775 3998

W www.brettenwood.co.za

LY INA 17 L UN P H ITS A AVA SE ILA BL E

Construction Construction price price from from R2 (VAT included) R2 450 R2 121 121 000-00 000-00 (VAT included) (VAT000.00 included)

PRETORIA EAST OLYMPUS AH PRETORIA EAST

PRETORIA EAST PRETORIA EAST ZWAVELPOORT

Construction Construction price price from from R2 (VAT included) R5 385 R2 140 140 000-00 000-00 (VAT included) (VAT000.00 included)

Construction Construction price price from from R2 (VAT included) R2 950 R2 840 840 000-00 000-00 (VAT included) (VAT 000.00 included)

PRETORIA EAST PRETORIA EAST ZWAVELPOORT

PROPERTY FOR SALE IN NEWCASTLE

LAND FOR SALE 460M SQ.M Approved plans worth R35 000 as well as Engineers drawings worth R14 000 BUILDING PACKAGE BRAND NEW DOUBLE STOREY UNIT BUILDING PACKAGE

Size 303 m2 bathrooms; 2 study; pyjama open The bedrooms,12 & study.An open plan arrangement comprising Sizeunit 303offers m2 ,, 3 33 bedrooms, bedrooms, 2bathroom bathrooms; 2 living living areas; areas; study; pyjama lounge; lounge; open plan kitchen with & patio with built-in braai and double garage. a kitchen & scullery, dining room & lounge leading a covered patio built-in-braai, plan kitchen with pantry pantry & scullery; scullery; patio with to built-in braai andwith double garage. Paving included in the price. Phone or e mail me for an appointment. Pavingtoilet included in theautomated price. Phone or e mail meorfor appointment. Phone e an mail me for an appointment. guest & double garage.

Werner Werner Eksteen Eksteen 082 082 411 3089 - 082411 4113089 3089

PRETORIA EAST EAST PRETORIA

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Construction Construction price price from from R2 (VAT included) R5 000 R2 940 940 000-00 000-00 (VAT included) (VAT000.00 included)

BUILDING PACKAGE BUILDING PACKAGE A HIGH QUALITY HOME

Size 302 m2, bathrooms; living open kitchen and Size 302 m2, 4 4 bedrooms bedrooms 2solid bathrooms; 2 doors, living areas; areas; open plan plan kitchen and This 3 bedroom house has2 wooden2 high quality wooden floors & scullery; patio with braai Paving in scullery; guest toilet; patiotowel with built-in built-in braai and and double double garage. garage. Paving included included in window guest blinds,toilet; heated rails, air-conditioning, sound system in ceiling, the price. Phone or e mail me for an appointment. the price. Phone e mail me for anPhone appointment. 3 garages & staff or accommodation. or e mail me for an appointment.

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BUILDING PACKAGE BUILDING PACKAGE HOUSE WITH GRANNY FLAT FOR SALE Absolute bargain at R375 000

Size 395 ,, 4 living areas; open plan The house offers bedrooms,2 bathrooms &2 lounge kitchen and with Size 395 m2 m2 4 3bedrooms; bedrooms; 22bathrooms; bathrooms; 2study. living Open areas;plan open plan&kitchen kitchen and scullery; guest toilet; formal on 2nd patio built-in braai and double walk-in pantry separate scullery, with built-in braai that leads the scullery; guest and toilet; formal lounge lounge onpatio 2nd level; level; patio with with built-in braai out andonto double garage. Paving included in the price. Phone or e mail me for an appointment. garage. Paving in the price. Phone or e mail me for appointment. swimming pool.included Also offers a Granny flat. Phone or e mail mean for an appointment.

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Werner 411 3089 Werner Eksteen 082 411 3089 WernerEksteen Eksteen082 - 082 411 3089

Fathima Seedat 083 786 5587 or Mohammed 082 337 8357

WERNER EKSTEEN

WERNER EKSTEEN “Vulintaba Golf Estate located in the Drakensberg Mountains 20km outside of Newcastle

BUILDING PACKAGE BUILDING PACKAGE BEAUTIFUL AND MODERN HOME FOR SALE

Size 403 ,, 4 ;; 2 living and scullery; Size home 403 m2 m2 4 bedrooms bedrooms 2 bathrooms; bathrooms; 2 Bathrooms, living areas; areas;akitchen kitchen and separate scullery; guest guest This offers 4 Bedrooms with en-suite2 study with guest toilet; covered patio built-in braai; study; servant quarters & garage. toilet; Large covered patio with built-in braai;and study; servant quarters & double double garage. toilet. open planwith lounge, dinning, entrance hall opens up out on the patio Paving included the price. or mail an Paving included inand the immaculate price. Phone Phone or e e Phone mail me meorfor for an appointment. appointment. e mail me for an appointment. with built in braaiin view.

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Werner Werner Eksteen Eksteen 082 082 411 3089 - 082411 4113089 3089

BUILDING BUILDING PACKAGE LOCATIONPACKAGE AND SPACE ARE THE WATCHWORDS

Size 453 6 4 plan and 2 Size 453inm2, m2, 6 bedrooms; bedrooms; 4 bathrooms; bathrooms; open plan kitchen kitchen and scullery; scullery; 2 living living Situated a secure and upmarket Estateopen and offers 4 Bedrooms,3.5 Bathrooms, areas; guest toilet covered with and double garage. areas; guest toilet ;; study; study; covered patio with built-in braai and double Lounge, garage. 4 Garages Built-in-Braai, 1 Dining Area,patio Family / TVbuilt-in Room, braai Kitchen, Laundry,1 Paving included in price. Phone or me appointment. Paving included in the the price. Phone or e e mail mail me for for an appointment. Patio, Pool, Scullery, Staff Quarters & Storage. Phone oran e mail me for an appointment.

Werner Eksteen 082 411 3089 Werner Werner Eksteen Eksteen 082 - 082411 4113089 3089

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082 3089 082 411 411 3089 PRIME PROPERTY CENTRAL NEWCASTLE 082 577 CLOSE TO HOSPITALS 082 577 4531 4531 (Office) (Office) werner@wernereksteen.com werner@wernereksteen.com Ideally suited for doctors rooms/ Professional ofﬁces. Ofﬁces consist of a large reception area, 4 large rooms, PRETORIA EAST kitchenette, toilets, garage,PRETORIA S/Q. Land sizeEAST : 1562 sq.m Great potential for further development. R2.150 000.00 CONTACT:

Jowic Jowic

Wierdapark: Wierdapark: Wierdapark: 012 012 653 653 8920 8920 || Irene: Irene: 012 012 667 667 4180 4180 Fathima Seedat www.remax.co.za

083 786 5587 / 034 312 9948

Vibrant retail shopping Center In Newcastle Kwa –Zulu- Natal

NEW NEW FOOTER Private property RENTALS AVAILABLE FROM R110.00. PER SQM!!!!!!

Taxi City is located in Newcastle, the third-largest city in the province of KZN, in the heart of the taxi and bus terminus, it is situated at the corner of Kirkland and Allen streets and is within walking distance of the city center.

National tenants account for approximately 85% of the occupied gross lettable area ,These include SUPERSPAR, pep,Webbers, Best home and Electric, Capitec, Standard Bank SA post ofﬁce and Jumbo clothing. Please do Not Hesitate to contact us at Remax Leading Edge : Fathima Seedat : 083 786 5587 Rashia Sonpal: Remax ofﬁces : 034 312 4572

FOR BUYING OR SELLING ROPERTY IN CAPE TOWN

COMMERCIAL

SOPHISTICATED OFFICE SPACE FOR RENT

PROPERTY - NELSPRUIT

99 Sutherland street for rent Reception, boardroom air conditioned office, 4 large offices with stunning finishes can accommodate 10 staff members.

3 Shops, leases PRETORIA EAST OLYMPUS AH PRETORIA EAST

Mohammed expire 2019 Construction price Construction price from from 082 33 78357 or121 000-00 PRETORIA EAST R2 (VAT included) PRETORIA EAST R2 450 ZWAVELPOORT R2 121 000-00 (VAT included) (VAT000.00 included) 021 657 3560

Construction Construction price price from from R2 (VAT included) R5 385 R2 140 140 000-00 000-00 (VAT included) (VAT000.00 included)

PRETORIA EAST PRETORIA EAST ZWAVELPOORT

Nett return 8% plus

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FOR BUYING AND SELLING COMMERCIAL PROPERTIES COUNTRY WIDE PLEASE CONTACT FATHIMA BUILDING PACKAGE BRAND NEW DOUBLE STOREY UNIT BUILDING PACKAGE

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Meet Our Agents

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Our team of agents are ready to help you reach PRETORIA EAST PRETORIA EAST PRETORIA EAST PRETORIA EAST PRETORIUS PARK your real estate goals by making your needs our number one priority. We recognize you have WERNER WERNER EKSTEEN EKSTEEN a choice when it comes to working with a real 082 411 3089 estate professional. Our team agents 082 of 411 3089 look 4531 (Office) 082 577 4531 (Office) forward to earning your 082 trust577 and helping you Liyaqat Mohomed Bernedien Conradie Fathima Seedat werner@wernereksteen.com werner@wernereksteen.com Property Consultant discover the smarter way to buy or sell a home. BUILDING PACKAGE BUILDING RealARE Estate Sales BUILDING PACKAGE BUILDING PACKAGE BEAUTIFUL AND MODERN HOME FOR SALE Rental/Sales LOCATIONPACKAGE AND SPACE THE WATCHWORDS Construction Construction price price from from R2 (VAT included) R5 000 R2 940 940 000-00 000-00 (VAT included) (VAT000.00 included)

(Principal Owner Master Practitioner in Real Estate

Werner Werner Eksteen Eksteen 082 082 411 3089 - 082411 4113089 3089

Construction Construction price price from from R3 (VAT included) R3 820 R3 400 400 000-00 000-00 (VAT included) (VAT000.00 included)

Size Size 453 453 m2, m2, 6 6 bedrooms; bedrooms; 4 4 bathrooms; bathrooms; open open plan plan kitchen kitchen and and scullery; scullery; 2 2 living living

Size 453inm2, 6 bedrooms; 4 bathrooms; plan kitchen and scullery; 2 living Situated a secure and upmarket Estate open and offers 4 Bedrooms,3.5 Bathrooms, areas; guest toilet covered patio with and double garage. Intern Agent Intern Agent areas; guest toilet ;; study; study; covered patio with built-in braai and double Lounge, garage. 4 Garages Built-in-Braai, 1 Dining Area, Family / TVbuilt-in Room, braai Kitchen, Laundry,1

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Jowic New JowicCastle KZN

Paving included in price. Phone or me appointment. Paving included in the the price. Phone or e e mail mail me for for an appointment. Patio, Pool, Scullery, Staff Quarters & Storage. Phone oran e mail me for an appointment.

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Wierdapark: 012 667 4180 Wierdapark: Wierdapark: 012 012 653 653 8920 8920 || Irene: Irene: 034 012 312 667 9948 4180 www.remax.co.za

PRETORIA PRETORIA EAST EAST

12 MARCH 2017

Neighbourhood

If the amount on the roll is higher than the actual value of your property, then you will be paying proportionally higher rates on it SHAUN RYLEY, DURBAN NORTH WARD 36 COUNCILLOR

PROPERTY NEWS

Local green building movement picking up speed

he Green Building Council South Africa (GBCSA) is gearing up for an exciting period as the local green building movement takes an exponential growth trajectory, one that's different in scale and scope from anything seen so far. As it enters its 10th year, and with sustainability expert Dorah Modise as its new CEO, the GBCSA has identified its next areas of impact as the residential and public sectors and is expanding its vision to include entire green communities and cities. So far, more than 230 formal green building certifications have been achieved in South Africa, mostly in the commercial property sector.

“Government is a property investor, landlord, tenant, accommodation provider and employer. These are all touch points that can benefit hugely from green building. Our metros, cities and towns can achieve big wins with green building – financially, economically and environmentally. It’s straightforward, and we’re here to show them how,” says Modise. The residential sector is already showing rapid uptake in green building. So far 3,500 homes have been registered with the GBCSA to target Edge (a green building rating tool) certification after only one year of the tool’s operation in South Africa.

Buying a property jointly may mean that you are able to comfortably afford the costs of home ownership, as you will be using the power of two people’s income rather than one. However, the long time horizon of property ownership means there is a good chance that circumstances will change during your partnership. ALBERTUS VAN STADEN, HEAD OF CREDIT, FNB HOUSING FINANCE

Homeowners urged to check property valuation Ensure you are not paying inflated rates by checking the new Property Valuation Roll WORDS: CANDICE BOTHA

IMAGE: ISTOCK

he eThekwini Municipality has released the updated property valuation roll which includes property values for half a million residential properties. According to the Municipal Property Rates Act, No. 6 of 2004, all municipalities are required to conduct a valuation on properties on which they levy rates and a general valuation is to be undertaken every four years. All rateable properties in the municipality must be valued during a general valuation and must be included in a valuation roll. Shaun Ryley, Durban North Ward 36 Councillor, says the municipality has access to a vast data base of information which it uses to determine property values. “This information includes building plans, Deeds Office data, geographic information systems, aerial photography, information obtained from previous inspections as well as data from property sales in each area,” he says. “This information is regularly maintained and inspections

are routinely carried out where alterations, authorised and unauthorised, are made to properties. Inspections of property were undertaken where it was considered necessary to verify information already on hand or where such information was considered incomplete.” Although this is the case, the roll does not always reflect the true value of the property, so it’s vital to check yours. Janis McManus, estate agent, RE/MAX Panache, notes that often properties in the same complex or estate are automatically valued the same. “It’s often the case that some units are standard and some have been improved greatly so their values aren’t all equal, and it’s imperative to check that your property’s value is listed in line with other similar properties,” she says. Ryley agrees, saying, “If this amount on the roll is higher than the actual value of your property, then you’ll be paying proportionally higher rates on it.” If you feel your property has been incorrectly valued, it’s imperative that you complain.

“Property owners have until 31 March to lodge objections before the valuation roll is confirmed,” says Ryley. “Once this process is complete residents will have very little recourse, if any, to object to the value ascribed until the next valuation is done in four years’ time.”

HOW TO CHECK: • Google “eThekwini valuation roll 2017” and click the first link. • Click the “Valuation Roll” dropdown menu and select “Full Title Property” or “Sectional Title Property” as applicable. • Click “Go”. • Ignore the fields under “Rate Number” and “Cadastral Description”. • Only fill in where it says “Street No.”, “Street Name” and select your suburb from the drop-down menu on the right. • Click “Search” at the top. • Your property and value ascribed should appear. • Contact the eThekwini Real Estate department (031 311 4321/2) or email Precious.Gumede@durban.gov.za.

R1,3bn mixed-use development to launch in Umhlanga

new development named Umhlanga Arch has been announced by the Multiply Group, a Durban-based global investment company offering access to proprietary transactions in Africa.

prior to launching to the public, but it has also already attracted R350m in foreign investment to the region, confirmed an international hotel operator and engaged with a number of the country’s top retail brands.

Prominently positioned on the slopes of Umhlanga’s Ridgeside, this R1,3bn development is one of the largest mixed-use developments in the province and hopes to bolster tourism, stimulate investment into the region, further elevate Umhlanga and greater Durban to a world-class standing and facilitate significant job creation.

“Umhlanga Arch is going to be a place where you can live a full, productive day without having to venture from your address. Our vision for this development was to create a lifestyle for emerging entrepreneurs, serious businesspeople who are trying to establish a balanced home-work lifestyle and those individuals who frequent this area and aspire to live within it,” says, Terry Rosenberg, chairman, Multiply Group.

Umhlanga Arch has already sold 80% of the residential component

Southern Suburbs scoops 40% of the Cape metro’s property transactions

he residential property market across the Southern Suburbs, stretching from Woodstock to Tokai and incorporating predominantly the suburbs that lie above the M5 motorway, generated over R8,4bn in sales last year. "That," says James Lewis, MD, Seeff Southern Suburbs, "equates to about 40% of the total value of property transactions recorded for the Cape metro last year." Despite a slower market overall, Lewis says that the area remains very active, both in terms of sales and rentals with some neighbourhoods remaining busier than in the preceding few years.

The area encompasses about 31 smaller suburbs. Constantia, the largest, has the highest number of households, followed by Claremont, Rondebosch and Kenilworth. Some 2,948 transactions worth over R8,4bn, were recorded for 2016 at an average selling price of R2,86m, the highest on record. "That means that about eight property sales were concluded on average each day across the area," says Lewis. "Wellpriced properties below the R8m-R10m price range are still selling within four to six weeks, the lower end of the price scale obviously selling much faster while the upper end takes a bit longer."

PROPERTY NEWS

12 MARCH 2017

Neighbourhood

Home decor trends 2017 A new year brings a fresh batch of home decor trends for you to explore, experiment with and adapt WORDS: MOLLY FITZ-PATRICK IMAGE: ISTOCK

ust like food and fashion, decor trends go through cycles. Each year brings about new, classic and revised trends, delivered to us through our favourite magazines, radio shows and TV programmes. Here are some of this year’s most popular trends. Consider introducing them into your home.

Greenery

The 2017 Pantone Colour of the Year is “greenery”. Luckily for us, this can be interpreted in many different ways in our homes. You can choose a wall or a room to paint in one of the many wonderful shades of green. Or you could be a bit more

subtle and invest in greenery for the indoors – maybe a selection of succulents for your mantelpiece, or an indoor tree to be the focal point in your dining room.

Smart homes

This isn’t a new trend. It is, however, gaining a lot of traction this year as an increasing number of homeowners make their homes more automated and organised. Once you’ve got the hang of it, a smart home can be energy-efficient, which can save you time and money. Some of the most popular options for creating a smart home include smart thermostats, smart switches, voice-controlled hubs and smoke detectors.

Texture

When it comes to our senses, we often neglect touch – especially in our homes. Sure, we want our home to be aesthetically pleasing, but what about its texture? Adding texture to your home can really elevate it and make it more interesting, inviting and comfortable. It also allows you to incorporate different trends and elements into your home such as wood and stone, particularly marble, for hard textures. For softer textures, think of items such as a velvet couch, a macrame wall hanging, a cotton quilt, a faux fur rug or cushions.

Home is where the heart is. Find yours now. Search 1000’s of fresh properties everyday.

A home for everyone www.privateproperty.co.za

Mixed metals

You’ve seen them all over Pinterest and at your local homeware shops, and now you can make them your own. Metals such as stainless steel, copper, bronze and brass can add a modern or classic touch to your home. What’s great about metals is that they are versatile and can be paired with almost anything. You do not need an ultra-modern home to introduce metals. In fact, introducing this trend to a more rustic-style home can often have more of an impact. You can find mixed metals in many forms now, such as copper cookware or light fittings, brass standing lamps or frames, stainless steel surfaces and bronze cutlery or doorknobs.

estlake

eco-estate m o d d e r f o n t e i n

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ADVERTORIAL

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12 MARCH 2017

Neighbourhood

Estate agents need to remain vigilant about money laundering F or an estate agent, showing potential clients a wellappointed property in a good neighbourhood could signal the start of an offer to purchase. However, it sometimes happens that something about the transaction â&#x20AC;&#x153;just does not feel rightâ&#x20AC;?.

The property industry is a very important cog in our economy. But it has also been identified internationally as being vulnerable to money laundering and terror financing. Money laundering involves a person taking criminal proceeds, disguising and hiding the illegal source and then using the money while pretending that it was always legal and legitimate. Simply put, money laundering is the process of making dirty money look clean by laundering it through both financial and non-financial systems.

register with the FIC, report cash sales (transactions of R25,000 or more) and suspicious transactions to the FIC. These regulatory reports submitted to the FIC contain valuable information which can assist the FIC identify the proceeds of crime, combat money laundering and the financing of terrorism. The FIC uses the information in the reports to develop financial intelligence which is shared with competent authorities for their follow-up action and investigations. Estate agents can help fight against crime and contribute to a safer and more stable business environment. Do the right thing. Prevent your business from being abused by money launderers.

All over the world criminals use their proceeds to purchase, rent, develop and/or renovate properties. It is important that those involved in the property industry remain vigilant to signs of money laundering.

First, every estate agent must register with the FIC online, via its website. When the registration process is complete, you will be able to submit reports to the FIC. It is not an acceptable excuse to plead ignorance regarding your legal obligations in terms of the FIC Act.

South Africa clamps down on money laundering and the financing of terrorism through the Financial Intelligence Centre Act.

If you are an estate agent and you have not yet registered, then do so today on: goweb.fic.gov.za/goAMLWEb_PRD/ Home.

The FIC Act places obligations on estate agents which include them having to

Fight crime. Make South Africa safe for all.

Closing loopholes to make it tougher for money laundering criminals

oney laundering can be seen as a three-step process: placement, layering and integration. During placement, criminal proceeds are moved into the financial system via cash or electronic deposits into bank accounts, money orders or cheques. Other means used include personal gambling, the purchase of high-end goods like artwork, which can be resold for cash or via electronic fund transfer. Think of a hot potato â&#x20AC;&#x201C; â&#x20AC;&#x153;hotâ&#x20AC;? funds â&#x20AC;&#x201C; that needs to be put down so that you do not burn your hands (placement). The layering stage conceals the origin of the proceeds from the source through layers of financial transactions. By doing this criminals try to create as much distance between the proceeds

Piracy

For more information on registering your business with the FIC, contact the Compliance Contact Centre on 0860 222 200.

Criminals deposit illicit money into bank accounts

Buy high-end goods with illicit cash

Break up large amounts of illicit cash & deposit it into smaller amounts over time

Criminals need to create distance between proceeds of crime & those involved in the source of proceeds

Gamble with proceeds

Buy & resell high-end goods

Proceeds are now fully part of the financial system

Think of a HOT potato... It (funds) needs to be put down (placed) so you donâ&#x20AC;&#x2122;t burn your hands

Pyramid Scheme

Ways criminals make their money

In the final stage of â&#x20AC;&#x153;integrationâ&#x20AC;? apparent legitimacy to the illicit funds is supplied whereby the funds are re-entered into the economy. The money launderer will make the dirty money, that now has been integrated, look clean by using it for normal business or personal transactions like the purchasing of a luxury car or a house. The hot potato has now gone cold and has been turned into a potato salad.

STAGES OF MONEY LAUNDERING

of unlawful activities and themselves. The intention is to blur the money trail, making it difficult to trace the source of funds. Often this involves purchase of houses, luxury vehicles, shares, bonds and life insurance policies, and investment in legitimate businesses. Think of a hot potato being tossed from person to person.

Buy bonds, invest in legitimate businesses, invest in property

Criminals are free to buy more luxury items and deepen the spread of proceeds

The HOT potato (funds) is thrown from person to person (distancing yourself from it)

Criminals may look to grow proceeds seeking legitimate or illegal investment opportunities The HOT potato (funds) is now cooled (funds laundered) and criminals can enjoy their proceeds

IMPACT OF MONEY LAUNDERING The broad impact of money laundering is to weaken and deprive society, communities, industries, economies and ultimately the financial system of growth potential. It creates and reinforces the perception that there is opportunity for criminals to thrive, and that government institutions, law enforcement and regulatory environments have limited reach and effect.

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082 889 0915 | 031 303 1781 | julie@jsproperty.co.za | www.juliesolomonproperty.co.za |

MUSGRAVE

SOLE MANDATE

R2 575 000 NEG

ON SHOW 2:30 - 5pm

SWEEPING SEA & CITY VIEWS 4 bed | 2 Bath | 2 Garage | Cottage

Julie Solomon Property

MORNINGSIDE

R1 295 000

SOLE MANDATE

VIEW BY APPOINTMENT

SPACIOUS FLAT 3 Bed | 1 Bath | 1 Garage

Lovely home suitable for the whole family – TV lounge, family lounge (or 4th bedroom), study, entertainment deck. Spacious cottage (90m2), modern kitchen & scullery, lounge, bedroom (en-suite) & patio. Staff quarters, laundry, storeroom +++ JSP pointers cnr St Thomas/Currie Rd to Halford Rd. Web Ref: JSP0317

Light, bright & airy, ground floor (109m²). Lovely stadium & sea views. Open-plan living areas & trendy kitchen. Large windows for lots of natural light & fresh air (new frames). Modern bathroom (bath & separate shower). Air con, alarm. Communal garden. Call Julie to view – 082 889 0915 | 031 303 1781. Web Ref: JSP0330

MORNINGSIDE

SHERWOOD

SOLE MANDATE

R1 250 000

VIEW BY APPOINTMENT

R1 295 000

SOLE MANDATE

VIEW BY APPOINTMENT

DOUBLE-STOREY APARTMENT 2.5 Bed | 2.5 Bath | 2 Garage | 2 Parking

PET-FRIENDLY SIMPLEX

MUSGRAVE

OVERPORT

Great value (143m²). Living areas & guest loo on one level, bedrooms & en-suite bathrooms downstairs. Beautiful sea views – watch the waves breaking on the beach. Small complex of 7 units. Call Julie to view – 082 889 0915 | 031 303 1781. Web Ref: JSP0312

SOLE MANDATE PRIME CURRIE ROAD

R4 200 000

VIEW BY APPOINTMENT 6 Bed | 4 Bath | 2 Garage | Cottage

3 Bed | 2 Bath | 2 Garage | 2 Parking

Freestanding simplex in lovely complex. Modern, fully-fitted granite kitchen. Spacious lounge with sliding doors which open to pretty garden. Good security, electric fencing, alarm, 24-hour security guard. Pets welcome. Call Damian to view – 074 269 4617 | 031 303 1781. Web Ref: JSP0285

SOLE MANDATE LOVELY HOME

R1 645 000

VIEW BY APPOINTMENT 3 Bed | 2 Bath | 1 Garage | 1 Parking | Cottage

Pair of maisonettes. Zoned GR1. Live in one and rent out the other or work from home. Well-maintained freestanding house. Kitchen, lounge, dining area, all recently renovated Stunning sea and city views. Ideal investment unit. - porcelain tiles, granite tops, downlighters. Potential rental-generating cottage - 1 bed, 1 bath, kitchen, lounge. Plenty of street parking. Large balcony and entertainment area. Web Ref: JSP0319 Call Damian to view – 074 269 4617 | 031 303 1781. Call Julie to view – 082 889 0915 | 031 303 1781. Web Ref: JSP0322

PINETOWN: INVESTMENT OR VACANT OCCUPATION OPPORTUNITY MODERN DESIGN, FULLY TENANTED OFFICE BLOCK LOCATED CLOSE TO CENTRAL PINETOWN  Ideal for an investment opportunity on a 10% yield or for end-user subject to lease negotiations.  Building size is 452m2 on 1200m2 land.  On-site secure parking allows for 16 vehicles.

Web Reference: CL467

Contact: Dawn Hutton 074 322 2012

WESTMEAD : 2400m2 DOUBLE VOLUME TO LET

     

Secure Stand Alone Property 1750m2 w/h, 500m2 offices, 150m2 mezz 4 Roller doors with dock levellers 800+ Amps power and sprinkler system Superlink access / ample height R55pm2

Wayne Ashford 083 456 8518 Web Reference CL444

 Secure with perimeter fencing and automated access.

WESTMEAD : 1000m2 DOUBLE VOLUME TO LET

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Stand alone and Secure Property Used for light industrial / wholesale purposes Double volume height 200m2 mezzanine office 800m2 yard with dock leveller R58pm2

Angela Scotford 083 780 5500 Web Reference CL266