Neighbourhood DBN - 16 October 2016

Neighbourhood 16 OCTOBER 2016

PROPERTY & LIFESTYLE

The golden years Why KwaZulu-Natal is a retirement haven, page 3

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SUBURB FOCUS: KZN RETIREMENT

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PROPERTY NEWS

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SPECIAL PROJECT: GREEN HOMES

DISCOVER SOPHISTICATED RETIREMENT LIVING

OCCUPANCY SPRING 2017 ONLY 10 UNITS

Rainmaker Marketing 10/16

LEFT IN PHASE 1

Neighbouring the highly sought-after Zimbali Coastal Resort you will ďŹ nd Lazuli Coastal Retirement Estate, a residential development that offers the epitome of sophisticated retirement living.

Construction of phase 1 has commenced on this estate, which offers spacious 2, 3 and 4-bedroom units, comprising of luxury single-level Garden Villas and sizeable freestanding Hilltop Villas. These contemporary homes offer direct access garages, gardens and an optional private plunge pool.

Residents will have access to the Lazuli Care Centre as well as an array of facilities targeted to maintain a social and active lifestyle, including walking trails, parks, a clubhouse with a gym and heated horizon pool, to name but a few.

www.lazuliestate.co.za | 087 195 1153

- PORT ZIMBALI-

16 OCTOBER 2016

Neighbourhood

PROPERTY NEWS

3 Suburb focus

Retirement in KZN Here’s what’s happening in property in the area WORDS: LEA JACOBS

IMAGES: SHANE VAN ECK & SUPPLIED

About the area L

et’s face it, it’s never going to be an easy decision to sell your family home and move into retirement accommodation. A move of this nature is often fraught with emotion. After all, you are selling something intensely personal that generally holds a lifetime of memories.

The move also usually involves downsizing, which may mean letting go of treasured possessions.

However, those who plan ahead and invest in the right retirement development may well find that they end up living out their golden years to the full in an environment that caters for their every need.

It’s no secret that there is a shortage of retirement properties available.

In fact, although it may come as a surprise, it appears that this is a global problem and it’s a situation that needs to be rectified urgently. People are living longer and, judging by what’s available in this country, are becoming far more decisive when it comes to choosing retirement accommodation.

Those who don’t make early provision may well find that there is a long

waiting list at the retirement village of their choice as it has become increasingly common for the younger set to invest in such developments long before they reach retirement age.

KwaZulu-Natal is the ideal spot to buy a retirement property, mainly because unlike other areas of the country, it boasts a moderate winter climate. It’s also often more affordable with similar properties in upmarket parts of Gauteng or the Western Cape commanding higher prices. Although certain areas in the province are renowned as retirement hot spots, a growing number of developments catering for retirees and offering a wealth of facilities have sprung up throughout KZN. The rudimentary shelters of yesteryear with few trimmings are a thing of the past for many investors, and these days retirement villages offer their residents an amazing array of lifestyles and choices. Add a healthy dose of socialising into the mix and you have a group of happy seniors who often live fuller lives than do most younger folk.

MOUNT EDGECOMBE RETIREMENT VILLAGE

PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423

EDITORIAL TEAM Group Editor: Claire Barnardo claire.barnardo@thecreativegroup.info Managing Editor: Charis Le Riche Creative Director: Mark Peddle

BEST PLACES TO RETIRE IN KZN: • Howick/Midlands: this area is incredibly popular with retirees from all over the country. Good shopping and a range of medical facilities make the area an ideal spot in which to enjoy your golden years.

• Upper Highway: close enough to some of Durban’s top shopping centres to make shopping a breeze, the area also offers peaceful living for those looking for a more countrified environment.

• Umhlanga: high-end living at its very best, this area literally has something for everyone – from top-class shopping, to gorgeous views of the Indian Ocean.

• Ballito: retirees enjoy the best of both worlds when they move to this gorgeous town on the North Coast, namely upmarket living and relatively easy access to some of the best game parks in the country.

ROB ROY LUXURY RETIREMENT VILLAGE

HIBISCUS RETIREMENT VILLAGES

Art Director: Leah de Jager Designers: Anja Bramley & Craig D’Oliveira Senior Sub-Editor: Mlungisi Mthembu Proofreader: Marana Brand Editorial Assistant: Lauren Albertyn Group Online Editor: Lauren Joubert

ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Production (Editorial Advertising): Charis Le Riche charisl@yourneighbourhood.co.za Advertising: Julie Ellice kzn@yourneighbourhood.co.za

16 OCTOBER 2016

Neighbourhood

PROPERTY NEWS

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Suburb focus

Agent commentary Q: When should buyers start to consider investing in a retirement village?

A: This decision is not easy, simply because most retirees would rather stay in their existing homes.

Most retirees only start thinking of making the decision when their health starts failing, their current home starts to become a burden in terms of upkeep and costs, and their need for access to a care centre arises. Unfortunately, this decision is often made when retirees are in their late 70s or early 80s. My recommendation is to move when you are still healthy and able to enjoy your retirement, and to choose a development with facilities that suit your needs.

HIBISCUS RETIREMENT VILLAGES

Q: What type of amenities appeal Q: What should buyers be looking for to those looking to invest in in a retirement development? retirement developments?

A: Frail care must be seen as the A: Based on research nationally, and corner­stone of retirement villages. specifically KZN, people prioritise Offsite frail care facilities may be more economical because a number healthcare facilities first and of villages can contribute to the foremost, with security being expenses, but it makes visiting second on the list. There is also difficult and traumatic for the a massive demand for traditional spouse. Other issues that make for facilities such as integrated peace of mind are knowing that the community facilities like heated frail care centre is registered under pools, outdoor recreation and other the Older Persons Act and that the activities such as bowls and bridge. retirement villages themselves are A gym, yoga classes and shuttle registered with the Department of services to and from shopping Trade and Industry. Maintenance, malls are also key requirements. levy struc­ture, outpatients, sporting The big­gest thing in addition to facilities, activities, meals, laundry this is a pet-friendly environment. and cottage cleaning must all Although not a facility, this is be taken into consideration. definitely a purchase differentiator.

Roy Alderdice

Stefan Botha

John Webster

DEVELOPER, ROB ROY LUXURY RETIREMENT VILLAGE

DIRECTOR, RAINMAKER MARKETING

CE, HIBISCUS RETIREMENT VILLAGES

031 777 6216/8/9 robroy@robroylife.co.za robroylifestylevillages.co.za

087 195 0201 info@merv.co.za rainmakermarketing.co.za

039 312 5000 enquiries@hibiscusrv.co.za hibiscusretirementvillages.co.za

Where do you want to live?

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To Rent

Commercial

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22 Bedroom Bedroom House in Durban R R 11 295 295 000 000

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PROPERTY NEWS

 

16 OCTOBER 2016

Neighbourhood

Suburb focus

Buying in Howick The monthly bond repayment to

Howick

purchase a typical property in Howick, namely a three-bedroom house with the median asking price of R1,325m, is R13,228 per month over 20 years at prime of 10,5% with no deposit.

Here are the latest property figures for the area

For sale

For rent

Median asking prices

Median monthly asking prices

R1,325m

R1,39m

R910,000

R1,59m

R6,500

R8,500

R3,800

R6,700

For a typical property (three-bedroom house)

In a complex

For an apartment

For a house

For a typical rental property (threebedroom house)

In a complex

For an apartment

For a house

Properties listed

Properties listed Properties listed for sale in Howick comprise approximately 45% of the total sale listings in the KZN Midlands.

28%

45%

Properties listed for rent in Howick comprise approximately 28% of the total rental listings in the KZN Midlands.

Interest

Interest Approximately 41% of the interest (views) in properties for sale in the KZN Midlands area is attributable to properties listed for sale in Howick.

Property types

37%

41%

Property types

house

house

apartment

75%

4%

21%

55%

comp lex

comp lex

Approximately 37% of the interest (views) in properties for rent in the KZN Midlands is attributable to properties listed for rent in Howick.

36%

apartment

9%

002-152NPO

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FRAIL CARE

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For the last 42 years, since 1974, Hibiscus Retirement Villages has offered Frail Care to its retired residents.

The Frail Care facilities at both the Margate Retirement Village and the Umdoni Retirement Village are now open for the public to take up the benefits of being cared for, or having relatives cared for, in a first class Frail Care facility.

Frail Care includes 24/7 nursing services, all meals, laundry, clinic and transport to doctors and specialists in the area. Hibiscus Frail Care is registered in terms of the Older Persons Act, The Non-Profit Organisations Act and the Housing Schemes for Retired Persons Act. Stop worrying about Frail Care for a loved one. Contact Matron Marilyn Watson on 039 3125000 or email matron@hibiscusrv.co.za.

Visit our Website at www.hibiscusretirementvillages.co.za

OUR PRIME

PROPERTIES OF THE WEEK

6 time winner of the African Property Awards

Award winning Brettenwood Coastal Estate, located just 10 minutes from King Shaka Airport, is situated along one of the most exquisite stretches of coastline in KwaZulu-Natal. It offers its residents security, luxury, tranquility, exclusivity and an extensive range of world class amenities to suit both the young and young at heart.

NATURAL WONDER Set along Plover Crescent, lies this elegant family home that offers some of the best visual aspects of Brettenwood Coastal Estate. With elevated sea, dam and conservation views, one transcends into a world of peace and tranquility in a space that has been well configured by the owners and architects.

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• Double garage

• Study & nursery

• Indigenous landscaping

• Rim flow pool

NEW LISTING

• Solar & inverter technology

OFFERED AT R6 290 000

• 3 Spacious bedrooms (2 en-suite)

EXQUISITE COMFORT Brettenwood Coastal Estate’s tranquil retreat, 116 Honeyguide Way, is a wellspaced 268sqm single-level home boasting 3 beautiful bedrooms with relaxed coastal interiors. The space is designed to bring the outside in, maximising the pool, entertainment area, and beautiful sea views.

• 3 Spacious bedrooms

• Quiet cul-de-sac road • Entertainment areas • 2 Bathrooms • Sea Views & double garage

AWE-INSPIRING BEAUTY • 3 bedrooms (main en-suite) • Open plan living • Covered patio and braai area • Outside courtyard • Forest and dam views

Land Freehold homes Luxurious apartments Retirement homes

NEW LISTING

OFFERED AT R5 650 000

CONTEMPORARY LIVING NEW LISTING

PRICED FROM R3 990 000

Buy directly from the developer. Land from R1 600 000

• 3 bedrooms • 3.5 bathrooms • Covered patio

• Private clubhouse • Double storey

3 BEDROOM APARTMENT ONLY 2 LEFT

OFFERED AT R4 300 000 NO TRANSFER DUTY

Brettenwood Coastal Estate Sheffield Beach KZN North Coast

Shavaun Lindsay Greg Simmonds Michelle Larkens

072 194 8672 084 515 7464 082 775 3998

T 032 525 4581 E info@brettenwood.co.za W www.brettenwood.co.za

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PROPERTY NEWS

16 OCTOBER 2016

Neighbourhood

Marriott International plants itself on African soil

C

ape Town’s skyline is set to change as the world’s largest hotel company cements its local presence with the development of three hotels in Cape Town, and two in Joburg.

The ink had barely dried on the $13bn merger with Starwood Hotels that made Marriott International the largest hotel operator in the world, when the company announced a series of firsts. This notably included a R3bn agreement with local property developers Amdec Group that will result in five branded hotels opening in South Africa, catering for different market segments among international and domestic visitors.

MORE ONLINE: bit.do/kznhood

The three new hotels in the Mother City include the first Marriott Hotel in Cape Town; the first upscale extendedstay brand in South Africa, Residence Inn by Marriott; and AC Hotels by Marriott, the first hotel under this brand for the Middle East and Africa region. And, of the R3bn total, R1bn is earmarked for the Joburg developments: Marriott Hotel Melrose Arch and Marriott Executive Apartments, expected to open mid-August 2018.

The first of the Cape Town hotels to open will be the 189-room AC Hotel Cape Town Waterfront at The Yacht Club in June 2018, a unique mixed-use landmark that includes exclusive residential apartments and prime-grade offices.

The gist of the acts is in regulation of the industry, which is a good thing: homeowners associations weren’t regulated, so there was no uniformity. Now compliance is key.

MICHAEL BAUER, PROPERTY MANAGER, IHFM

Average time on the market for homes in SA

A

ccording to Lightstone, the process of selling a home – also known as “time on market” – in South Africa takes, on average, between three and nine months.

Time on market shares a commonality with most key indicators of the property market – such as house price inflation, total transactions, and new property stock built – since it too is dependent on economic drivers like economic growth and interest rates.

The relationship between major economic variables and time on market is not, according to Lightstone, as strongly linked as one might think.

It seems as if time on market is only responsive if there is a significant shock in the economy, such as the subprime mortgage crash of 2008/09.

However, even when these economic shocks occur, the number of months a property needs to be on show for before it is purchased, seldom changes by more than one month.

There is also a significant difference between the average time on market of mid-value properties and high- and luxury-value properties.

On average, mid-value properties take five and a half to six and a half months before they sell, while highvalue and luxury properties take between five and six months to sell.

Knowing your retirement options

A

ccording to Marelize van Rooyen, marketing director, Retirement Villages SA, the Retired Persons Act establishes a minimum age for residents of a retirement property. It states that the property can be owned by a person of any age but that one of the residents must be 50 years or older to occupy the residence. A particular village or estate may amend these stipulations, so anyone considering buying into a retirement village should familiarise themselves with the development’s constitution and rules of conduct.

The act also covers the type of ownership that is allowed, including single title or freehold, sectional title or life-right purchase, or rental. “In a single title development, all the traditional responsibilities and accountabilities of traditional home ownership would

be applicable,” says Van Rooyen.

“The developer of a sectional title development carries no responsibility for the ongoing maintenance and cost management aspects once built.”

For both a single and sectional title property, depending on the village constitution, a percentage may be due back to the village upon the sale of a unit.

“Life rights offer that purchasers have a legal right to occupy the unit for the duration of their life,” says Van Rooyen.

“Unlike sectional title developments, an advantage of life rights is that it is not a property transfer, there are no bond registration fees, transfer duties and no VAT payable, thereby avoiding the negative effects that such costs have upon discretionary income and estate values.”

Record sale at Brettenwood A recent sale of R11m at Brettenwood sets a record for the estate WORDS: CANDICE BOTHA

IMAGE: SUPPLIED

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rettenwood Coastal Estate has long been a sought-after address for property buyers on the KZN North Coast, and this reputation has been reinforced by the recent sale of a home on the estate for R11m by Home and Country Property, the in-house sales entity for the estate.

Outside of Zimbali Coastal Resort and Estate, only three homes within an estate in Ballito have fetched over R10m.

“We are so excited about the recent threshold we have just crossed. This is the first house to sell within this price bracket, and we are confident that it will be the catalyst for other Brettenwood homes to continue appreciating in value and fetching the substantial prices that they are capable of,” says Peter Cameron, sales director, Home and Country Property.

Although the home itself is outstanding, set as it is on 3,609m2 over two levels boasting exceptional indoor-outdoor living areas, five en-suite bedrooms with private balconies and landscaped gardens, and

deck and rim-flow swimming pool, its location on the Brettenwood Coastal Estate is undoubtedly a factor.

“Brettenwood offers an attractive lifestyle for people at different stages in their lives. Residents have full access, and exclusive use, to the award-winning clubhouse called Woodlands, as well as a list of facilities like the heated aerobic pool, 25m lap pool, fully equipped gym, sauna, and amphitheatre.

For residents who enjoy the outdoors, extensive walking trails, braai facilities, a 16m water slide and Robinson Crusoe-style play area for the children which includes tree houses, a trampoline and climbing wall are there to be enjoyed,” says Cameron.

Brettenwood also offers a variety of properties to buyers, from apartments and freestanding starter homes for young families, to luxurious houses like the one just sold, and units at the popular retirement village. “Every unit at Brettenwood has been

constructed in harmony with the existing environment, incorporating the natural landscape wherever possible, and presenting homes that either look out onto sea views or the beautiful forest,” says Cameron. With these attributes in addition to the ongoing property boom on the North Coast, more sales at record prices are expected in future.

This is the first house to sell within this price bracket, and we are confident that it will be the catalyst for other Brettenwood homes to continue appreciating in value and fetching the substantial prices that they are capable of PETER CAMERON, SALES DIRECTOR, HOME AND COUNTRY PROPERTY

Mount Edgecombe

Glen Hills

On Show Sole Mandate

On Show

Asking Price R1 795 000. This neat duplex is situated in a gated secure complex with 3 bedrooms, 1 bathroom and 1 en-suite with guest toilet downstairs. Open plan living lounge, dining room and well fitted kitchen. Single garage with direct access to the home and a single open parking bay. Michelle Taylor 083 653 3696

Asking Price R1 790 000. Newly renovated cottage set in lush vegetation with sparkling pool and double garage. All three bedrooms have built in cupboards with new carpets fitted kitchen with open plan dining room. Enclosed entertainment area next to pool can also be used as study. There are 2 garages and extra parking 3 cars with external toilet for staff. Michelle Taylor 083 653 3696

Mount Edgecombe

Umhlanga Rocks

View Exclusive

By Appointment Mandate Sole Mandate

View Exclusive

By Appointment Mandate Sole Mandate

Asking Price R995 000. Lovely 3 bedroom loft apartment on the top floor of the sought after Edgecombe Park. Michelle Taylor 083 653 3696

Asking Price R11 650 000. Elegant executive residence with magnificent sea views. Gleaming woodblock floors, wooden doors and windows, high lofty ceilings. Stylish eat in kitchen so that you can entertain while you are cooking and then take your guests to the bar and outdoor entertainment area to really get the party started. There is a self-contained one-bedroom flat above the double garage. The front garden is a separate Erf and could be sold for between R2.5 and R3 million. Make an appointment to view now, our sellers are waiting for your offers. Michelle Taylor 083 653 3696

La Lucia

Morningside

View Exclusive

By Appointment Mandate Sole Mandate

On Show Dual Mandate

Asking Price R12 800 000. Georgian style double storey home bursting with grandeur. Architecturally designed with flowing reception rooms opening to a garden and sparkling pool. From the grand entrance you are drawn to the formal lounge, dining room and large eat in kitchen. Upstairs the family room has magnificent sea views and is complimented by five bedrooms all en-suite and nice sized balconies. The many utilities include a double lock up garage and plenty of secure parking. Michelle Taylor 083 653 3696

Asking Price R1 750 000-00 The sea views from this apartment are awesome and on a clear day you can see the Drakensberg Mountains from the bedroom windows. The open plan lounge and dining room give the well-proportioned apartment an extra feeling of space. Included is the beautiful kitchen with granite tops and modern bathrooms one of which is en-suite. There are 2 under cover parking's in the buildings garage and a large store room for all the toys. This apartment is really stunning! Maurizio Dalle-Vedove 083 301 1946

www.sothebysrealty.co.za • umhlanga@sothebysrealty.co.za 20 Solstice Road, Gateway, Umhlanga Rocks

Durban North & Umhlanga 031 566 5150 Each office is Independently Owned and Operated

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16 OCTOBER 2016

Neighbourhood

SPECIAL PROJECT SPECIAL PROJECT

Green is the new black Making your home green won’t only benefit the environment but will also save you money WORDS: CHARIS LE RICHE

IMAGE: ISTOCK

T

he best investment you can make is to make your home energy efficient. With summer looming and the threat of water restrictions, there is no better time than now. There are countless ways you can do your bit, but here are a few tips from the Neighbourhood team.

Be water wise

Though 70% of the earth is covered in water, only 1% of that is available for human consumption. It is, therefore, important to conserve water and to keep it clean and safe.

• Be sure to check your home

for leaking taps and pipes.

• Replace your shower heads

with low-flow alternatives.

• Place your geyser where hot water is required most. That way you waste less cold water when you open your tap.

• Invest in a water storage tank for gardening and washing your car.

• Link your waste water downpipe

to a simple system to reuse this water for the garden.

• Be sure to plant only indigenous plants in your garden as they need less water.

Save energy

With municipalities buying back surplus energy from homeowners who use alternative resources, and with time-off tariffs being put into effect, it is more important than ever to save electricity.

• Invest in energy-efficient

appliances and check the Energy Star rating when buying.

• Unplug appliances – like cellphone chargers – when not in use.

• Switch to energy-saving bulbs.

• When washing clothes, use the cold-wash function to save energy.

• Switch to gas appliances.

• Remember that smart alternative energy sources like a heat pump, solar geysers or panels will add more value to your home.

MPACT RECYCLING AT SCHOOL: Get involved with Mpact’s Ronnie Recycler programme and your school can raise funds while teaching learners about recycling and environmental awareness.

Once your school is signed up, Mpact Recycling will supply white bags which are collected once they are full. When your school knows how many tons it recycles each month, Mpact Recycling will then supply equipment in the form of a Ronnie bank capable of holding between 350kg and 500kg when full.

Programmes such as these help Mpact Recycling reduce waste going into landfills through a growing culture of reducing, reusing and recycling. For more information call the toll-free number on 0800 022 112 to locate your nearest branch or visit mpactrecycling.co.za.

RECYCLING

BEYOND RECYCLING Let’s not waste our earth’s scarce resources. When you recycle with Mpact Recycling, your waste paper, cardboard and milk and juice cartons are used to make new paper and other products. This contributes to a sustainable future for you and future generations. Mpact Recycling is the leading collector of paper for recycling in South Africa and is the largest producer of paper made from recycled materials. We are involved in the entire process from collecting through to making new paper and converting it into boxes. Also, with our move into plastic recycling, we will ensure that more used polyethylene terephthalate (PET) bottles can be made into new bottles. Our new plastic recycling plant processes 29 000 tonnes of PET bottles a year and will produce a new raw material from what was considered waste. This plant will save about 185 000 cubic metres of landfill space each year, equivalent to 75 Olympic-size swimming pools. Mpact’s substantial collection footprint adds weight to our contribution to job creation and environmental stewardship.

Mpact is also actively leading change in the industry through smarter, sustainable thinking.

www.mpactrecycling.co.za

info@mpact.co.za | Tel: 0800 022 112

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