30 APRIL 2017
Neighbourhood PROPERTY & LIFESTYLE
Northbound How developments in the North Coast are helping retirees make the most of the golden years, page 2
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SUBURB FOCUS: NORTH COAST RETIREMENT
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BUSINESS Q&A
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PROPERTY NEWS
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PROPERTY NEWS
30 APRIL 2017
Neighbourhood
Suburb focus
Retire on KZN’s North Coast Here’s what’s happening in property in the area WORDS: ANNE SCHAUFFER
H
eading north, retirement developments have been few and far between. A handful in Umhlanga, like Pioneer Park and Rolling Hills, have been oversubscribed, and although there have been some smaller, gated retirement estates just over the river at Umgeni Park and Riverside, a few have popped up in Durban North, Umhlanga and Umdloti.
IMAGES: STEPHEN PILBROUGH, PAULO MENEZES & SHANE VAN ECK
for developers. With land costs high and health care costs even higher, it’s not always easy to balance those books. For retirees, too, full-service health care is desirable, but comes at a hefty price, normally tagged onto your levy. Recently, Tongaat Hulett Developments (THD) released land which is demarcated for a retirement development in Sibaya, bordering Umdloti. THD commissioned Rainmaker Marketing to conduct an exclusively digital research campaign, asking retirees to register their interest, needs and desires when it comes to retirement accommodation and lifestyle. THD’s Retire KZN campaign also aims to promote KZN as the retirement capital of SA.
In the last few years, though, some of the established gated residential estates in the greater Ballito area, like Palm Lakes Family Estate and Brettenwood Coastal Estate, have added retirement components. Mount Edgecombe Retirement Village in Kindlewood Estate is also a recent addition. Costs related to North Coast retirement villages can be prohibitive
Stefan Botha, director, Rainmaker Marketing, says, “From a number of locations, the overwhelming majority
of registrants opted for Umhlanga to Sibaya and up the North Coast. The top three ‘wants’ were security, pet-friendly and clubhouse. Around 60% are looking for a two-bed option with garaging and storage, and half have a desired price point of between R1m and R2m.” This latter fact seems to feed into the trend that sees retirees selling and/ or downsizing from big homes for, say, R3m, and only spending R1m to R2m on their retirement home in order to top up depleted savings. As retirees are becoming more active, they want a good outdoor lifestyle, such as hiking and cycling trails. Carl Strang of Umhlanga says he needs an affordable lock-up-and-go retirement option so he can visit his children in Australia. “I don’t want to be cooped up when I’m here, though; I’d like somewhere green that’s safe to walk and do my birdwatching.”
THINGS TO DO:
We’ve reserved our simplex at Mount Edgecombe Retirement Estate because it’s just over our fence, and we don’t have to move away from friends or facilities we’re used to. We’ll let it out until we retire in two years. CAROL FILMER, RESIDENT AT MOUNT EDGECOMBE COUNTRY CLUB
• Explore Ezemvelo’s KZN Wildlife Imfolozi/Hluhluwe Game Reserves and other private reserves. • Visit one of the many beaches for swimming. • Take a stroll at Hawaan Forest Walk in Umhlanga. • Take a trip to The Litchi Orchard in Salt Rock. • Check out the latest movie releases Ballito Junction Regional Mall. • Catch a movie at Cinema Nouveau at Gateway Theatre of Shopping.
NEARBY HOSPITALS: • • • •
Netcare Umhlanga Hospital Netcare Alberlito Hospital Busamed Gateway Private Hospital Ethekwini Hospital and Heart Centre
DINE OUT: • • • • •
Bel Punto, Umdloti Mundo Vida, Umdloti Old Town Italy, Umhlanga The Chef’s Table, Umhlanga Delish Sisters, The Litchi Orchard, Salt Rock • The Grill Room and The Ocean Terrace, The Oyster Box hotel, Umhlanga
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ADVERTISING SALES:
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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
30 APRIL 2017
Neighbourhood
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PROPERTY NEWS
For sale Property type
Median asking prices
R1,3m
75%
For a typical property (three-bedroom house)
13%
house
R960,000 In a complex
R700,000
Retirement Insight Local retirement experts give us the inside scoop on the North Coast.
complex
For a house
You’ll pay
R12,979
For a typical property in this area.
12%
R1,3m
For an apartment
Monthly bond repayments
apartment
per month
Based on
over a period of
at
20
10,5%
years
prime
R1,3m median asking price
Why should retirees consider buying on KZN’s North Coast?
What should buyers look for in a retirement development?
What type of amenities appeal to those looking to invest in retirement developments?
KwaZulu-Natal has the best weather for retirees to enjoy their retirement days. The North Coast has undergone enormous improvement in infrastructure in the last few years, and retirees can enjoy easy access to the best care facilities, amenities, restaurants and shopping centres. The lifestyle is relaxed, with beautiful scenery and beaches to enjoy, top golf courses and activities, and it’s a place families will love to visit!
Security, convenience, health care and community are the most important considerations when looking to invest in a mature lifestyle village such as Renishaw Hills. Residential units must be well-built and aesthetically designed with hassle-free services, such as gardening and transport, included. A social, outdoor lifestyle is imperative, so enquire about leisure facilities and organised community activities.
Retirees deserve to feel safe and secure in an environment that encourages community living. Offerings on most wish lists include medical facilities, onsite doctors and a dispensary. Ask a Brettenwood retiree, however, what their favourite amenities are, and the results include everything from the communal clubhouse, offering yoga, a library and an honesty bar, to the heated water aerobic pool and state-of-the-art gym.
Farrah Williamson
Julieann Hampson
Peter Cameron
PAM GOLDING MOUNT EDGECOMBE 082 829 0883
RENISHAW HILLS
BRETTENWOOD COASTAL ESTATE 083 796 9999 peter@brettenwood.co.za brettenwood.co.za
farrah.williamson@pamgolding.co.za
merv.co.za
084 514 8028 julieann@renishawhills.co.za renishawhills.co.za
The Green Heart of the North Coast Community....
The Litchi Orchard And now home of the annual Bubbly Fest... a unique champagne tasting event bringing 16 of the finest bubbly producers to KZN. In amongst an orchard of 100-year-old litchi trees is a country-style destination celebrating the best of local food and fare ~ home to two renowned monthly markets and a collective of food, home decor & lifestyle shops and eateries.
www.LitchiOrchard.co.za Seaforth Avenue Salt Rock ~ KZN ~ South Africa 032 5255 118 @LitchiOrchard
The Litchi Orchard
Bubbly FEST
Saturday 6 May 12 - 5pm, R220 per Adult www.webtickets.co.za
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PROPERTY NEWS
30 APRIL 2017
Neighbourhood
My business neighbourhood The Durban Dog Hotel offers accommodation, grooming and daycare services in Hillcrest WORDS: TIVANIA MOODLEY
would find it convenient to drop off their fur kids for daycare on the way to work and pick them up on their way home. Q: How did you find your premises? A: We searched for months until we found what we believed to be pooch paradise. We eventually found premises advertised on Gumtree.
and then we have specified viewing times on the weekend when four or five visitors will come through. On average we have 10 dogs per day for daycare and hotel. Q: Do you have any expansion plans? A: We’re planning on moving to larger premises in the future as our business is growing.
IMAGES: SUPPLIED & ISTOCK
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orrying about the wellbeing of your pet can often cause apprehension when planning a business trip or vacation. At the Durban Dog Hotel, your dogs can have the comfort of a “home away from home” experience that offers you complete peace of mind. Owner Sonseirai Van Heerden tells us more. Q: How did your business start? A: My partner and I lived in China for seven years where we adopted two fur babies. One of the fur babies died of distemper and the second dog was stolen to be eaten at the dog eating festival. The poor level of care for dogs in rural China broke both our hearts and started the dream of one day opening a dog hotel.
Q: Why are the premises ideally suited to your business? A: The property is a good size in a very dog-friendly area. Q: Who are your neighbours? A: We have a complex on the left and a large piece of land on the right. Q: What are the shop rental/ sales prices like in this area? A: Hillcrest is a reasonably priced area to set up shop, although prices are increasing with the popularity of the area. Q: How many people go through your store each day? A: We have dogs being dropped off and collected during the week,
Q: Do you operate online as well? A: Most of our advertising is done online. We’re visible on almost every social media platform available. Q: What’s your most popular service? A: We’re renowned for the love, care and attention that the dogs receive, as well as our doggy daycare service.
SEE FOR YOURSELF: Durban Dog Hotel 083 650 2594 durbandoghotel.com
Q: Why did you choose this area to set up shop? A: Umdloti consists mainly of holiday homes and we found the majority of our clients were travelling to us from the Upper Highway area. We chose a property that’s very central in Hillcrest so that clients
Salt Rock Hotel www.saltrockbeach.co.za KZN North Coast Tel: 032 525-5025
Cape Town 2 Highway Park, Northgate Estate Tel : 021 510 8130 Midrand 324 Old Pretoria Road Halfway House Tel : 011 312 4060 Sandton / Randburg 20 Rhodes Street Tel : 011 781 4888 Umhlanga Urban Park Hotel 60 Meridian Drive Tel : 031 566 3412 Durban 1322 South Coast Road Mobeni Tel : 031 462 7722 Pinetown Cnr.Old Main Rd & St John’s Avenue Tel : 031 709 6263 Ghana 34 Spintex Rd, Accra Tel : +233 207 591 313
cookerhood extractors
cookerhood extractors
BRUTEST NE
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PROPERTY NEWS
30 APRIL 2017
Neighbourhood
Pension-backed home loans Use your pension to secure a home loan WORDS: CANDICE BOTHA
IMAGE: ISTOCK
D
id you know that your pension can be used to secure a home loan as per the provision in the Pension Funds Act? “The granting of pension-backed home loans enables members of pension funds who ordinarily may not have been able to own their own homes to do so by using their fund credit as a guarantee to acquire their immovable property,” says Corlia Buitendag, head: Enforcement and Surveillance in the Pensions Department, Financial Services Board. “It also assists members to buy better immovable property, or to make improvements and additions.” There are several conditions which need to be met, including that the member or one of their dependents must occupy the property, and the Act imposes maximum limits on the loan guarantee amounts which a fund may provide. Not all pension funds allow for this facility and each has different rules. “A member who is contemplating applying for a pension-backed home loan should consult with a financial
advisor to weigh the pros and cons of doing so,” says Buitendag. “A Pension Backed Home Loan is an alternative means of housing finance,” says Oupa Masilela, executive head: Affordable Housing and Pension Backed Lending, Standard Bank. “Consumers must make sure that the loan is serviced and paid up before retirement so that part of their retirement fund doesn’t get used to settle the loan and remember that should they resign from one company and join another where the retirement fund doesn’t offer this type of facility, the loan will have to be settled on exit.” Masilela adds that there are benefits to offering this facility for employers, too. “It gives the employee of the participating company access to a relatively well-priced credit loan, while at the employer level it can contribute towards longer staff retention and employee engagement.” As with any loan, keeping up to date with payments is essential. “It’s important to assess how much
you’re able to afford every month to pay off your instalments and avoid interest charges on the unpaid amount which can snowball to astronomical amounts,” says Buitendach.
The granting of pension-backed home loans enables members of pension funds who ordinarily may not have been able to own their own homes to do so by using their fund credit as a guarantee to acquire their immovable property CORLIA BUITENDAG, HEAD: ENFORCEMENT AND SURVEILLANCE IN THE PENSIONS DEPARTMENT, FINANCIAL SERVICES BOARD
OUR PRIME
PROPERTIES OF THE WEEK
NEWLY LAUNCHED LAND FROM R1 500 000 LAST SITES DIRECTLY FROM THE DEVELOPER
6 time winner of the African Property Awards
BEAUTIFUL LIVING WITH SPACE TO GROW t 3 Bedrooms (main en-suite) t Open plan kitchen, lounge & dining room t TV lounge t Covered patio t Swimming pool t Double garage t Direct access to conservation area and dam
OFFERED AT R4 700 000
PERFECT FAMILY LIVING s s s s
YOUR OWN PRIVATE PARADISE
t Dam views 4 Bedrooms (main en-suite) t Double garage 2 Bathrooms t Rain harvesting system Kitchen with scullery Covered patio with built-in braai
NEW LISTING OFFERED AT R4 800 000
s 4 Bed (all en-suite) s Professional landscaping s Luxury fittings and finishes
LOVE RETIREMENT LIVING t t t t
3 Spacious bedrooms 2 Bathrooms Open plan living 2 Entertainment areas
t Fully air-conditioned t Inverter technology t Covered patio with built-in braai
Land Freehold homes Luxurious apartments Retirement homes
NEW LISTING
t Rim flow pool t Inverter technology t Triple garage
OFFERED AT R11 500 000
DREAM FAMILY HOME NEW LISTING
OFFERED AT R4 190 000
Buy directly from the developer. Land from R1 500 000
t t t t
Brettenwood Coastal Estate Sheffield Beach KZN North Coast
4 Bedrooms (2 en-suite) 3 Bathrooms TV lounge and kid’s lounge Kitchen with large scullery
Shavaun Lindsay Greg Simmonds Michelle Larkens
t t t t
Covered pation with built-in braai Double garage Rain harvesting system OFFERED AT R5 950 000 Bush views
072 194 8672 084 515 7464 082 775 3998
T 032 525 4581 E info@brettenwood.co.za W www.brettenwood.co.za
Care Centre
WORLD-CLASS HEALTHCARE
COFFEE SHOP AND RESTAURANT
Pet-friendly
COMMUNITY CENTRE
14 HECTARES OF OPEN, SECURE SPACES
TRANSPORT SERVICES TO NEARBY AMENITIES
24-hour security
WALKING AND JOGGING TRAILS
TENNIS COURTS AND SWIMMING POOLS
GYM AND PILATES FACILITY
SINGLE-LEVEL UNIT
Situated within the well-established and bustling Kindlewood Estate, Mount Edgecombe Retirement Village offers active retirees an unsurpassed lifestyle with extensive 24/7 security, beautifully designed, spacious single-level homes, as well as access to convenient and comprehensive healthcare. CONSTRUCTION HAS COMMENCED
www.merv.co.za or 087 195 0201
Rainmaker Marketing 04/17
Luxury retirement units from R2,5 million.
Rainmaker Marketing 04/17
Phase 1 under construction
Redefining retirement living, welcome to Lazuli Coastal Retirement Estate. Welcome to convenient luxury living. Now under construction, are a limited number of exceptionally spacious
2, 3 & 4-bedroom villas set within beautifully landscaped private gardens with panoramic sea views. Neighbouring the acclaimed Zimbali Coastal Resort, Lazuli offers unrivalled resident’s amenities centered around a prominent clubhouse, including a heated lap pool, fitness facilities, club room, private office suites and accommodation for visiting family and friends. Attention to health and happiness is paramount. Our dedicated care centre will offer primary healthcare in well-appointed, luxury suites, while the assisted living and home-based care facilities provided by professionals allow residents to relax with the comfort of knowing that all is taken care of at Lazuli.
• • • • • • • • • • • •
24-hour state-of-the-art security Pet friendly Direct private garage access Open plan/single-level living Private gardens Storage facilities Rainwater harvesting Smeg kitchen appliances Sophisticated finishes Fibre to the home internet connectivity Easy access to King Shaka International Airport World class beaches and shopping on your doorstep
Remember it’s not how old you grow, it’s how you grow old!
Priced from R3,300,000 (Inc. of VAT. No transfer duty)
BY APPOINTMENT ONLY
087 195 1153 | lazuliestate.co.za
Surrounded by Nature. Built with Care.
The start of a new adventure
Mature Lifestyle Development Located within the sanctuary of the Mpambanyoni Conservation Development, Renishaw Hills mature lifestyle village provides an opportunity to experience a unique and gracious retirement lifestyle on the mid-south coast of KwaZulu-Natal, where peace of mind, convenience and community are of overriding importance. Designed
for retirees enjoying an active and socially varied lifestyle who are looking to simplify their lives. Our upmarket village caters for our residents’ every need, with top-notch security, a variety of facilities, on-site nursing staff and access to a well-equipped health care centre.
Te l : 0 8 7 1 3 5 5 5 5 5 | i n fo @r e n i s h a wh i l l s . co . z a Renishaw Hills is the first of many development projects to be undertaken by Renishaw Property Developments, a subsidiary of the JSE-listed Crookes Brothers Limited.
www.renishawhills.co.za
Surrounded by Nature. Built with Care.
An Unequalled Lifestyle Situated on gentle east facing hillsides with breath-taking panoramic views, Renishaw Hills offers a healthy outdoor lifestyle where peace of mind, convenience and community are of overriding importance. he wellbeing of residents is a key value, one of the cornerstones around which Renishaw Hills is designed. he surrounding conservation sanctuary provides opportunities to surround oneself in nature, with the walking trails through indigenous forest and across rolling coastal grasslands allowing close-up viewing of the vast diversity of animal, plant and birdlife in the area.
ww w. r e n i sh awh i lls. c o.za
Properties on offer include stand-alone -bedroom houses, vertically a ached bedroom houses, and -bedroom apartments, each one architecturally designed to complement its surroundings while maximising natural bree es and individual views. Light and airy, the open-plan living area, quality modern fi ngs and easy transition from interior to exterior make these homes a pleasure to live in. Owners can choose from a number of unit designs and finishes to individualise each home. range of prices, allowing everyone to own a home that meets their living requirements and their pocket, matches the range of home choices.
Te l : 0 8 7 1 3 5 5 5 5 5 | i n fo @r e n i s h a wh i l l s . co . z a
Renishaw Hills is the first of many development projects to be undertaken by Renishaw Property Developments, a subsidiary of the JSE-listed Crookes Brothers Limited.
1 bed 1 bath
R1 750 000 SEAPOINT
Hi James, I’m interested in the 1 bed in Seapoint.
Let’s setup a time to take a look!
South Africa’s favourite property website. A home for everyone www.privateproperty.co.za
DURBAN RIVERHORSE: PRIME LOGISTICS FACILITY – TO LET This newly developed prime logistics facility is situated in the hub of northern Durban. Minutes from the N2 Nandi Drive interchange. Variable sizes available from 1000m2 to 7500m2. The property has an onsite generator, two large private yards with dock loading facilities. A Grade offices with a pleasing outlook. Double volume racking with internal sprinklers.
Web Ref: CL487
Contact: Wayne Ashford 083 456 8518
PINETOWN: INVESTMENT OR VACANT OCCUPATION OPPORTUNITY MODERN DESIGN, FULLY TENANTED OFFICE BLOCK LOCATED CLOSE TO CENTRAL PINETOWN
Web Ref: CL467
Contact: Dawn Hutton 074 322 2012
Ideal for an investment opportunity on a 10% yield or for end-user subject to lease negotiations. Building size is 452m2 lettable area on 1200m2 land. On-site secure parking allows for 16 vehicles. Secure with perimeter fencing and automated access.