Six development - Update pics

There is no lack of historical significance in Cape Town, and especially in the area commonly known as District Six.

"The Six", set in the Outer City precinct, is/has and shall be our most sought after development to date...

As you can see by the pictures I have attached, it is set to be the catalyst for change in the area...

Who would have thought a Mountain could be such an iconic destination and selling point...

Happy blogging...

Australia, land of Kangaroos or investment Eutopia?

"G'day mate, how about we pop another shrimp on the barbie", a classic libe from one of my more favoured comedies, jokingly the line pretty much sums up what most people think about Australia or Australians, chilled out, relaxed people... But what many dont realise is that Australia is quickly becoming the preffered investment option for all astute property investors...

In Australia the gap between property supply and demand its growing at a rate of knotts, the supply continues to decrease based on current market conditions, a figure of approximately 157,000 new dwellings commenced construction this past year, a figure that is well below the 200,000 dwellings estimated to be required by the Commonwealth Treasury, this is around 43,000 too few dwellings being built over the year and the problem is in fact getting worse.

Now on the other side of the spectrum, Australia’s population growth is nearing record levels in growth standards, the figure is increasing by just under 320,000 people per year, with more than half that growth came from overseas migration.

So why invest in Australi you ask, for these reasons alone:

Well to start, excellent temperate climate, with an amazing average 3,000 hours of sunshine per year

• Property values double in worth every 5-7 years
• Tenancy void rates of under 2%
• 10 year rental guarantees on certain new developments
• You are able to accrue your tax losses and off set them with your personal income tax or Capital gains tax when you sell

If you ask me, its a no brainer mate...

Kelvin Manor - Next stop, capital appreciation and growth...

Set a mere 4.6km from the centre of Sandton CBD (I measured it on my odometer), the suburb of Kelvin is set for the next growth hot spot...

This is mainly due to its location to Sandton, to the new Gautrain stop of Marlboro (2km away) and its low base price for the area.

Finally a developer saw the light, and the opportunity to take advantage of this area, and he did that by creating Kelvin Manor, a new lifestyle estate set in the heart of Sandton’s green zone.

The development has been designed by top architectural firm Arthur Quinton Darryl Croome, it epitomises stylish living, with a fully equipped clubhouse, manned and automated security and apartments, giving you the Sandton feel and housing luxuries at a price that is non Sandton related.

The apartments have the following to offer:

• Two bedrooms


• One family bathroom


• Ample parking space for two cars, with additional parking available for rent.


• Modern kitchens feature granite tops, and include an oven, hob and extractor


• Clubhouse, swimming pool, tennis and squash courts, gym and a jogging track


• Creche facilities
  

With the property market being in a state of confusion at present, there has been a noticeable drop in the property values, Kelvin for example has had median drop of 10%... With this in mind, the developer has gone back to the drawing boards, negotiated with the suppliers and contractors and come back with a 25% discount on the valuated price. This means a 15% built in equity, so when the property market strengthens, the property will have 15% built in capital bare minimum...

Grand Central Wynberg

Wynberg, a suburb that divides the ever popular suburbs of Claremont and Constantia/Tokai.

The area is predominantly known for its retail trade, fair prices and transport linkages. It is an area that with the right development growth and investment, can grow at a monumental rate.

A serious catalyst for change is that of the recently developed Grand central development, the development offers 414 apartments, secure underground parking, gym facilities and a deli on the ground floor.

Units start at R405 000, R10 000 deposit and a mortgage approved in principal secures it. This accompanied by a 2 year rental guarantee make for an appealing investment option...

Pinelands Grove

Always sought after and forever in demand, Pinelands is a firm favourite for the emerging middle class and families wanting a relaxed, central situated and safe environment for an affordabel price.

Pinelands Grove is a smaller more niche development, it has 120 units in total split into 2 phases.

The development consists of bachelor, one bedroom and two bedroom units, all accompanied by a secure parking bay.

From a investment perspective I think Pinelands is a sound investment option, the quality of tenant found in the area is second to none, this accompanied by the Old Mutual head office 6 avenues up, you have a captive audience of well over 8500 people at one any given point in time.

The first phase is set for completion in June/July of 2010, a nice lead time for the off plan investor to put minimal money down (R10 000 deposit) and sit back whilst the market corrects itself and the property accrues in both value and demnd as the local community watches it being constructed.

For a local investment option, this is a great option to consider...

The perfect Investment, what or where is it?

"What is the perfect investment?"

Some will say the stock exchange, others will say vintage collectable cars, but a select few will say real estate...

It is not as simple as walking to your local restaurant and saying to the waiter "I would like a bottle of your finest investment property please, to go", there are many facets and investment avenues to the property investment game, facets and avenues that can create untold wealth through capital growth and passive income, and untold chaos through poor property investment choice...

Differentiation is the way of the game, you need to have a portfolio of properties that have roots in all the sectors. For example: residential, commercial office space, industrial premises, retail and International property.

The reason for diversification is that not all of the properties follow the same highs and lows experienced, take for example the poor market conditions being experienced in our Residential sector, the Commercial/ Industrial sector is experiencing a bouyant market with prices dropping only marginally...

So follow me as I run you through all the different properties I feel will be the building blocks for your investment portfolio...

Dylan