Susan Deacon Property Group Newsletter - 31 May 2010
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Website Welcome Index
Property for Sale Weekly Property Feature
Guesthouses/Hotels New Release Property
Developments The South African economy seems to be on a sustainable recovery path From the Desk of Marcel
Winelands Properties from the recession. Interest rates are at their lowest for decades and Deacon
inflation is under control. According to Stats SA, April inflation dropped to
International Property International Property
4,8% year on year from 5,1% y/y in March. Monthly consumer prices slowed
Property for Rent to 0,2% in April from 0,8% in March.
Accommodation SA Events/ Things to do
News Cafe SA remains popular among retirees. With more and more international Recipes
2010 Fifa World Cup media attention focused on South Africa we can report that the latest
Property Finance interest in our lovely country has increased by at least 30%.
The Susan Deacon Property has extended our portfolio to included some of
the best retirement property on offer. During the next few weeks we will
publish our retirement property investors guides, Part 1 & 2 this week and
the rest for the weeks to follow.
Weekly Property Feature
HERMANUS - R2 500 000
Benguela Cove Coastal Wine Estate's
rare position ensures that Benguela
residents enjoy majestic views over
the lagoon to the Palmeit mountains, GEORGE - R1 350 000
which form the spine of the Kogelberg
Biosphere. The vineyards which have Lovely family home in popular and
GEORGE - R525 000
been planted across the estate, upmarket area.
although young, have already Spacious plot! 3 Living areas
Amazing view over the mountain. 5
asserted the quality of the terroir with including BBQ room, open
stands left. Stands - 600 sqm.
awards starting to stream in on the plan kitchen, 3 bedrooms, 2
maiden vintage. For those who love bathrooms, double garage
nature, this is the ultimate location. and beautiful view.
Nestled between two gentle hills on
the banks of the Botrivier Lagoon, lies
the Benguela Cove Coastal Wine
New Release Property
Tramonto - Weddings & Events
GEORGE - R1 395 000 GEORGE - R2 495 000
GEORGE - R1 395 000 GEORGE - R2 495 000
Character filled cape dutch style townhouse. Open plan Entrance hall, lounge, diningroom, BBQ room, study,
living, BBQ room, kitchen, laundry, 3 bedrooms, 2 kitchen, patio & balcony, 3 bedrooms, 2 bathrooms, 1
bathrooms, double garage and balcony. bachelor flat. Double garage and swimmingpool.
Read more. Read more.
From the Desk of Marcel Deacon
NO DOOM AND GLOOM FOR SA
Just when we thought it’s all doom and gloom - South Africa’s economy grew at the
fastest pace in seven quarters in the first three months of the year as record low
interest rates triggered a rebound in consumer spending, while rising global demand
fueled exports. Finance and real estate expanded 2.5 percent.
The steady rise in mortgage loans granted since December last year indicates that
property purchasers are still taking advantage of the buyer’s market which is expected
to continue for the remainder of the year. The average home loan amount falls within
the R600 000 price range while the average house price according to formal grants is
estimated at around R830 000. That said, it is clear where most of the market activity
is taking place.
With the facts and figures stated investors must look at the following to make sure
they make a profitable investment choice.
Develop an eye for homes in good areas that may not look so great at the time of
purchase but have good profit potential.
Items include the following:
* A bad paint job. You should actually consider it a plus if you find a good property that
really needs painting. You can discount your offer to compensate for the painting
expense and inconvenience, and, immediately the paint is dry, look forward to an
increase in home value equal to three to five times the cost of the paint.
* Old or uninspiring light fixtures. Among the least expensive and most profitable home
improvements are new light fixtures - and skylights to open up dark hallways,
THE BAHAMAS - THE RIVIERA
Caribbean Location Details
Great Exuma Beach 0.1 km
Bars/Restaurants 0.1 km
Property Type(s) Golf Course 0.1 km
3 & 4 Bed Condominiums Airport 10 km
The Riviera is one of The Bahamas most prestigious developments. Situated in the most magnificent position on
the ocean front at Emerald Bay, Great Exuma, The Riviera is a luxurious development of just 42 select residences.
Along with your residence you will be able to purchase, if you require it, a private moorage in the adjacent Riviera
The Riviera Marina is equipped with a state of the art, floating dock system to accommodate 47 vessels up to 80' in
Amenities here include a full 5 star concierge service, a Harbour master's Office, two infinity swimming pools,
gymnasium, valet parking, the Riviera's exclusive restaurant, alfresco dining, cabanas, and landscaped communal
All residences have panoramic views across the marinas and ocean. Residents have the option to purchase or
lease a boat slip in the marina, or to participate in the Riviera Luxury Boutique Hotel rental program.
WORLD CUP 2010 FAN FEST GUIDE
RETIREMENT PROPERTY GUIDES
Open-air big-screen gatherings to watch Fifa World Cup
matches were first held in Korea during the 2002
The Susan Deacon Property Group are proud to be
tournament, and then made part of the official Fifa
associated with some of the best retirement property
programme during the 2006 World Cup, held in
and lifestyle developments on offer. We will be advising
you on the best tips and information for your retirement
investment. The first of our weekly guides are as
There they attracted more than 18-million people to 12
different events – one, held at the Brandenburg Gate in
Berlin, drew a whopping 9-million fans to a single event.
TYPES OF RETIREMENT PROPERTY
Fan Fests have become so overwhelming popular that
in 2010 South Africa is set to throw massive football
parties of its own.
We are busy getting our RETIREMENT web designed.
The 2010 Fifa World Cup will see Fan Fests held in each
We will keep you posted on the development
of the nine host cities; Johannesburg, with two
SECTIONAL TITLE LIVING NEWS
PEZULA HOTEL READY FOR 2010
AGENDA FOR AGM
The countdown to the 2010 FIFA World Cup has begun
With these now taking place countrywide, trustees must
and Pezula Resort Hotel & Spa in Knysna, gearing up to
be aware that by law certain points have to be on the
welcome the French football team which will make its
agenda for discussion.
base camp at the luxury resort for the duration of the
A high percentage of South African sectional title
schemes are now preparing for their annual general
France, which was drawn in Group A to play South Africa,
meetings because according to Prescribed
Mexico and Uruguay, will arrive at Pezula on 5 June and
Management Rule 51 (1) these have to take place within
stay until 30 June. They will play their first match against
four months of the end of their financial years.
Uruguay in Cape Town on 11 June at 20h30.
A rule, PMR 56, stipulates that certain items have to be
Claus Martin, Pezula Director, said that Pezula is ready
on the agenda at every AGM and that, even if one item is
for the French team.
overlooked, the trustees can, in fact, be accused of
PEZULA NAMED BEST HOTEL & RESORT
TOP LIST FOR POINT HOTEL MOSSEL BAY
Pezula Resort Hotel & Spa in Knysna, South Africa, was
honoured with two awards presented at Indaba 2009,
Mossel Bay’s The Point Hotel has been chosen for the
which was held at the International Convention Centre in
Expedia Insiders’ Select list – an annual award which is
Durban from 9-12 May. The luxury resort was awarded
judged by Expedia’s customers, and recognises the very
Africa’s Leading Spa Resort in the 16th World Travel
best hotels in the global marketplace.
Awards, and South Africa’s Best Hotel by the Welcome
Expedia belongs to the world’s biggest online travel
company (Expedia, Inc.), is the world’s most visited
The World Travel Awards, which have been hailed as the
online travel booking site, and generates more leisure
Oscars of the travel industry by the Wall Street Journal,
travel bookings than any other online or offline travel
were launched in 1993 to acknowledge and recognize
excellence in the world’s travel and tourism industry.
Expedia, Inc. also owns the world’s largest travel
This year a total of 167,000 travel professionals in over
community – the TripAdvisor Media Network, where
160 countries worldwide were asked to vote for their
more than 35 million travellers post reviews and
leading travel destinations, airlines, hotels and travel
companies around the world.
WHY PROPERTY IS A GOOD ASSET
ACCESS FACILITY ON EXISTING BONDS
Any comparison between investment outlets, today With buy-to-let investors now coming back into the
increasingly referred to as asset classes, has to take residential property sector, it is becoming clear that as a
into account whether the sum invested is paid upfront by result of the National Credit Act certain applicants no
the investor or whether he can arrange a deferred longer qualify for the sort of home loans they were able
payment. to get previously.
It is for this reason that comparisons between asset Those not familiar with current conditions are
classes are often difficult to make. sometimes inclined to think that their assets, which may
be substantial, will influence the banks in their favour.
Property is still the only asset class where an investor Unfortunately the only thing that the banks now consider
can take advantage of gearing. This makes it particularly is the applicant’s current cash flow.
suitable for the smaller investor with limited resources. Read more.
Events / Things to do
NLR TRAMONTO WINE TRADE SHOW
ESCAPE THE 2010 WORLD CUP MADNESS
NLR Wines will be showcasing a variety of wines from
We extend an invitation to you to escape the madding
farms such as Diemersfontein, Hartenberg, Backsberg,
crowds, the traffic congestion, overcrowded malls,
Raka and Hermanuspieters Fontein (to name but a few)
shops and restaurants and increased prices and enjoy
for tasting and purchase. Saturday will be the Grand
the pleasures of the Klein Karoo and Oudtshoorn for
Finale and public open day where you are cordially
absolute peace and quiet. Enjoy a moderate winter
invited to join us at Tramonto Venue for what promises to
climate with crisp evenings and mornings and warm
be a fun filled day. There is something to suite every
taste and perhaps the perfect opportunity for that family
outing or just a few friends and wine lovers alike
There is so much to do and all within easy access:
FATHERS DAY MENU
Midwinter is a good time to revisit all those hearty, warming, traditional
If you want to try your hand at a proper Olde English Steak and Kidney Pudding
we have the best tried and tested recipe for you under Ina's Choice and also on
video. You have two options - the traditional 'steamed in a bowl' version and the
more modern one baked in the oven with a puff pastry topping.
Thanks for calling on our stand at the Good Food and Wine Show and especially
those of you who attended our Saturday afternoon demonstration in the Chef's in
Action Theatre. It is really hard to compete with, not only Gordon Ramsay, but
also the Stormers who did their thing during our time slot. Our most popular
show recipe was Moroccan Couscous with Chicken. You will find it under our
Weeknite Winner this month.
Father's Day is around the corner and our Menu (with oxtail as the main course)
is bound to please him and all the soccer fans.
Talking about soccer, Andiamo Deli-Restaurant-Bar in Cape Town is offering
an awesome Super Supporter Package during the World Cup. Enjoy pre-match
drinks, a three course meal before the game at the restaurant, snacks and
One lucky winner and their partner can win an Andiamo Super Supporter
Package for the Preliminary Round Game on Tuesday, 29 June. Click here for
more info >>
We have upgraded our Stock Powder containers from the ring-pull tins to tubby
little stock pots. They are tightly sealed for freshness with a foil seal and the lid
is absolutely airtight. The shrink-on labels are a breeze to remove.
You will find many recycling uses for these little pots. We have reduced the salt
levels in both the Chicken and Beef Stock Powders.
Mushroom Soup Cappuccino
Slow Cooked Oxtail with Orange and Lemon Gremolata