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Friday Jul 20, 2018

Joburg pensioners fume at city valuations

MetroWatch has been inundated by concerned and angry residents and pensioners about their July invoices from the City of Joburg which show a massive increase.

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Repo rate remains at 6.5%

The Reserve Bank's Monetary Policy Committee (MPC) yesterday announced that the repo rate would continue at 6.5% and the base home loan rate at 10%.

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Wednesday Jul 18, 2018

Cape Town apartments getting cheaper

The supply of apartments in central Cape Town is increasing and the rents are getting cheaper.

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Durban property owners to get rates, electricity bills online

The eThekwini Municipality has urged residents to register to get their rates and electricity bills online, as the post office strike continues for a third week.

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Monday Jul 16, 2018

Should you sell in a down market, or wait it out?

Analysts and the banks have recently downgraded their outlook for the year ahead with the property market expected to remain flat and possibly weaken further as the year progresses. Amidst the slowdown in demand and prices, sellers may well now be asking whether they should sell now, or rather wait it out.

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A landlord's guide to following up on late payments

When you've screened a tenant thoroughly and built a clause into the rental agreement that stipulated that any late payments would accrue interest payable on the following month's rent you would imagine that everything should be in order.

However, what do you do when your tenant is still late on his/her payments?

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Is it better to restore or repair a heritage home?

Many owners of heritage or period properties opt for careful restoration to return things to as-built condition. According to David Jacobs of the Rawson Property Group, this is not only a very costly option, in certain circumstances it can actually diminish the value of the home.

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Joburg property owners must continue to pay rates despite postal strike

Joburg residents and ratepayers will not receive their monthly statements from the City of Joburg as SA Post Office employees have been on strike since July 6.

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External factors turn optimism to caution

The downhill slide to the end of 2018 could be more an uphill struggle for the country’s property market, with external factors leaving it facing a bleak outlook.

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Buyers from BRICS countries cash in on our weak currency

On July 25, delegates from the four foreign BRICS countries will descend on South Africa for the 2018 BRICS summit, and with the falling rand a huge attraction for their currency conversions, one should not be surprised if they decide to snap up some local homes on the market.

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