Interest rate cut - a gift

The interest rate cut announced yesterday by the reserve bank surprised most of the economist as every one expected an "unchanged" announcement. This is good news for everybody with debt. You will save about R264/m on a bond of R800 000, which will result in a saving of R3168 over a year. (R64000 over the 20 years)

If you decide to keep your monthly installment the same will you reduce your repayment term with about 5 years. This will have the same effect on your total payment made over the total period as a 8.75% interest rate.

It does not matter which way you look at it, this rates cut is a small gift from the reserve bank. Spend / Invest it wisely.

Greetings

Traffic circle for sale

After the big clean up effort form the Chamber of Commerce, Nehemia and the local counsel did we think we should try and sell the main traffic circle as you enter from Vanderbijlpark.

Although we did not manage to sell it we enjoyed all the hooting and cheering that we reached from all of you how happened to pass us on Friday morning. Thanks for the smiles and comments we received.

Greetings

The Sus Stoltz Team

2010

Hi All,

I can't believe that the first month of 2010 is almost behind us. It was a busy month with lost of news about the 2010 soccer world cup. Positive news about ticket sales but unfortunately bad news from Match about the need for accommodation during this event. They cancelled almost 500 000 booked beds.

2009 Ended on a positive note for us as we had the most sales in a month during December. We are still very positive as the enquiries for suitable houses are still increasing and banks are willing to loan again.

Staying on the finance issue we received positive news for the Reserve Bank as well as they decided to keep the interest rate unchanged. Stability is the name of the game.

So all the best for 2010 and may we all stay positive.

Rentekoers

Hi Julle,

Ongelukkig geen verlaging in die rentekoers nie maar gelukkig ook nie 'n verhoging nie. Die ekonome voorspel dan ook nie 'n verdere verlaging nie maar glo dan ook dat dit onveranderd sal bly vir die volgende kwartaal of twee. Volgens die meeste banke toon die eiendomsmark dan reeds 'n positiewe groei wat dan ook weer 'n effek op die huispryse sal uitoefen. By ons het ons nie regtig 'n afname (behalwe 'n afname op die eiendomme wat van die begin af te hoog gelys was) gesien nie.

Alhoewel die verlaging van rentekoerse die afgelope tyd wel 'n invloed het is dit my mening dat die verandering in die banke se houding oor hul uitleenkriteria die werklike hupstoot vir ons gegee het. Hulle is nou weer bereid om te kyk na 100% lenings en leen dan ook weer geld uit.

Ek glo dit is nou weer tyd om eiendom te koop en glo ook daar juis nou weer winskopies is veral waar die verkopers steeds onder druk is en slegs van die eiendom ontslae wil raak.

Hoe voel julle oor die toekoms van die eiendomsmark en die algemene ekonomiese toestand van ons land en spesifiek ons dorp?

Jacques
www.susstoltz.co.za

Getting in touch with technology

Hi to all your fellow bloggers,

I am investicating and trying to keep up with the ever changing and evolving technology. Blogging might be old news for you but I tend to be the last to optimise new trends.

I would like to use this service to communicate with all rolplayers, stakeholders and just the general public who might have an interest in any of the property sectors and more specifically in the Sasolburg, Vaalpark and Vaal Triangle areas.

Lets talk property!

www.susstoltz.co.za