Neighbourhood PTA - 27 September 2015

RSA

Neighbourhood 27 SEPTEMBER 2015

PROPERTY & LIFESTYLE

Classy glass Three of the city’s top wine bars Turn to page 03 for more

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RUSSELL BRAND

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SMART HOMES

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NATIONAL SPOTLIGHT: BALLITO

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MENLO PARK

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NEWS & LIFESTYLE

Editor’s Exclusive

Dining in Centurion

CLAIRE BARNARDO

Home-grown A

fter watching Alvin Ailey American Dance Theater perform recently, my thoughts wandered to our local arts scene. We have a lot to celebrate in terms of dance, drama and arts in general. But I think that our biggest challenge is getting people to attend – the bums-on-seats necessity that keeps performance alive.

Welcome to the ultimate carnivore’s experience: The Godfather Restaurant WORDS: MEAGHAN ESSEL

A

• The Fringe showcases the rich diversity of the country’s talent.

While more than 60% of the artists involved in the Fringe this year are from the Western Cape, the rest of the country is also represented by must-see acts from Durban, Joburg, Rustenburg... Even Grahamstown!

• Engage your children’s curiosity by exposing them to the thrill of live theatre. There are loads of familyfriendly shows on the programme.

• Shows that fit snugly into your lunch break have been especially scheduled for the middle of the day, allowing the desk-bound a creative lunch hour.

• Rub shoulders with artists: the Fringe Club at City Hall is open from 11am until late, with good food, a bar and live entertainment.

Cape Town Fringe Festival 2015 For the full line-up, visit capetownfringe.co.za.

PUBLISHED BY THE CREATIVE GROUP 9 6th Street, Parkhurst, 2193 011 476 6293 thecreativegroup.info

IMAGES: ISTOCK

restaurant with a name like The Godfather is bound to be a classy place. Luckily, this Centurion local does not disappoint. The interior is rich with dark shades of mahogany, scattered with licks of red. Standing under the warm glow of The Godfather’s light there’s a waft of succulent aromas in the air: the candles are lit, the staff are working like a well-oiled machine, and the customers are clearly beaming.

Coinciding with this past Heritage Day is the beginning of the Cape Town Fringe festival. So, leave your comfort zone and go support local talent. Here’s why:

EXPERIENCE IT FOR YOURSELF:

Neighbourhood

27 SEPTEMBER 2015

The Godfather is a model of versatility, with grounds hosting a pub, a private function area, the eatery itself, and a kitchen shop offering trendy accessories from High End Kitchens. This section gives customers the chance to experience a product mix of both professional and domestic appliances after indulging in a delicious meal.

The sophisticated hub is home to an operating kitchen like no other, with everything on the menu garden-crisp and freshly prepared.

A top 20 finalist of the Wolftrap Steakhouse Championships 2015, The Godfather’s beef is crafted with a minimum of 21 days of maturity under its belt, and is cut on the day to ensure customers receive the fullest flavour. Though awardwinning, it’s not all about the beef: there are a number of other options on the menu for those in less of a carnivorous mood. If you’re looking for a dinner with a difference, look no further than The Godfather.

TRY IT FOR YOURSELF: The Godfather 012 663 1859 / 3302 godfather.co.za

Fringe festivals give us the impetus to engage the arts to heal ourselves from our past, to unravel truths about our current challenges, to envision hope for the future and to sometimes just temporarily escape into oblivion ISMAIL MAHOMED, ARTISTIC DIRECTOR: CAPE TOWN FRINGE

THE CREATIVE GROUP CEO: Shaun Minnie shaun.minnie@thecreativegroup.info EDITORIAL TEAM Group Editor: Claire Barnardo claire.barnardo@thecreativegroup.info Creative Director: Mark Peddle

Editorial Consultant: Bridget McNulty Chief Copy Editor: Yaron Blecher Copy Editor: Charis Le Riche Art Director: Leah de Jager Designer: Megan Cooper Online Editor: Lauren Joubert

ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Neighbourhood Manager: Dylan Rothschild dylan.rothschild@thecreativegroup.info Production (Editorial Section Advertising): Lucea Goosen lucea@yourneighbourhood.co.za Production (Property Advertising): Cheryl Leaner cheryll@yourneighbourhood.co.za

Neighbourhood

27 SEPTEMBER 2015

NEWS & LIFESTYLE

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Wine Bars for the Win Unwind with a glass of your favourite at one of the city’s trendiest, comfiest or most luxurious wine bars this season WORDS: LISA DEWBERRY

IMAGES: SUPPLIED & LISA DEWBERRY

W

ith the arrival of summer it’s time to relax with a glass of wine after a hard day’s work or live up the weekend at one of the city’s exciting wine bars.

gas method to preserve its flavour, and friendly staff happily help you find the perfect wine pairing for any dish.

Sophisticated late nights at jazzy Priva Lounge

Located off the Garsfontein off-ramp, the Protea Hotel Fire & Ice! Bar in Summit Place, Menlyn is a chic wine bar for social trendsetters and savvy professionals alike. Its two outdoor living rooms overlooking the 50m wraparound pool are perfect spots to enjoy a glass of wine. Taste Neethlingshof Chardonnay with the Spicy Tigers: a mouthwatering salad made up of smoked cheese, Portuguese chicken strips and sesame grilled prawns. Robertson Goederust Sauvignon Blanc perfectly accompanies the Grilled Greens, a sweet chilli chicken salad. From Thursday to Saturday evening, this wine bar is transformed into a party hotspot where DJs spin vibrant beats.

Be sure to snap a photo at the Selfie Wall before you leave!

Priva in Waterkloof Heights Shopping Centre offers a range of fine wines to complement its live jazz melodies.

This luxurious venue includes a champagne and oyster bar, rooftop bar, cigar lounge and a wine cellar boasting an array of hand-selected wines. It caters specially for those older than 25, with sommeliers on hand to assist with the extensive range of fine wines, single malts, spirits and cigars.

Hosting wine events twice a month and regular private wine classes, this exclusive bar keeps wine lovers intrigued and wanting to explore.

FIRE & ICE

Explore MooMoo Wine Bar & Grill’s wall of wine

za PRIVA

MOOMOO

Situated in Brooklyn’s Design Square, MooMoo Wine Bar & Grill is a one-ofa-kind wine bar where customers can feel at home while enjoying a glass of vino. Choose from its famous, everchanging wall of wine stocking local treasures both well-known and lesserknown. Beginner wine drinkers and connoisseurs alike will be delighted by the variety of wines available. Pair the Chicken Composé pita with the tropical citrus flavours of Groot Constantia Sauvignon Semillon, or a wet-aged fillet with L’Avenir Pinotage Merlot: a fruit-filled lighter-style red. Wine by the glass is dispensed through a scientific

A poolside wine at Protea Hotel Fire & Ice! Bar

TRY IT FOR YOURSELF: Priva Lounge 012 346 4849 privalounge.co.za MooMoo Wine Bar & Grill 012 346 8888 www.moo-moo.co.za Pretoria Hotel Fire & Ice! Menlyn 012 471 8600 proteahotels.com/menlyn

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NEWS & LIFESTYLE

Neighbourhood

27 SEPTEMBER 2015

Russell Brand’s

Trew World Order

South African audiences can expect a no-holdsbarred humorous take on how our world works

Outspoken British comedian Russell Brand hits Montecasino in October WORDS: CATHERINE BLACK

IMAGES: DEAN CHALKLEY

C

omedian, actor, author and – most recently – current affairs commentator, Russell Brand, will be in South Africa for the first time in October for three shows as part of his international “Trew World Order” tour. Although it will be his first visit, it isn’t his first attempt: Russell’s South African shows as part of his 2013 “Messiah Complex” tour were cancelled after he was refused entry due to passport issues. Presumably, these have now been resolved.

“We’ve been told freedom is the freedom to fulfill our petty desires but ‘Trew’ freedom is freedom from our petty desires,” he says, explaining the concept behind his new tour and admitting to a life of “individualism and showing

off, Hollywood, ruining broadcasting corporations and elections.”

referred to as “a thinking person’s comedian” by Showtime Management’s South African promoter Tony Feldman.“He uses humour to tackle everyday current affairs. He basically shares his views in a humorous and thoughtprovoking way without fear of consequences,” says Tony, who feels this will resonate well with South African audiences, who are faced with daily current affairs that are almost comical.

“No doubt

A versatile entertainer, Russell started his career as a stand-up comedian in the UK, first becoming known for his MTV appearances including the “Big Brother” spin-off, “Big Brother’s Big Mouth” in 2003. After the success of his UK “Shame” tour in 2006, his fame turned mainstream when he starred in films including “Forgetting Sarah Marshall”, “Get Him to The Greek” and “Rock of Ages”. He’s also written three books and produces his own popular YouTube web series, “The Trews”, a mouthpiece for his unique take on current affairs.

With his strong political views and obvious gift for comedy, Russell is

he’ll be on top of his game outlying his view on our local affairs,” adds Tony.

As a controversial entertainer, Tony says that Russell’s views will rub some people up the wrong way, while exciting others. All in all, South African audiences can expect a no-holds-barred humorous take on how our world works.

EXPERIENCE IT FOR YOURSELF: Russell Brand “Trew World Order” Live at Teatro, Montecasino 29 September and 1–2 October Tickets available at Computicket

GREEN & GOLD SUPPORTERS PIZZA!

Chicken and Avo Pizza including a Castle Lite Lime or Flying Fish flavoured beer!

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Terms and Conditions apply. E&OE. Offer valid from 18 September 2015 to 31 October 2015. Offer not valid at Mimmos Halaal stores. Alcohol not for sale as take away. Go to www.mimmos.co.za. Sharecall: 0860 MIMMOS (646667).

Neighbourhood

LOCAL

27 SEPTEMBER 2015

NEWS & LIFESTYLE

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This week, don’t miss out on these

hot things to do LOWDOWN

in the Capital City WORDS: RITA HELLO

IMAGES: SUPPLIED

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le can rred orks.

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Company Social Brasserie

There’s a new kid on the block and it is out to keep you company! Company Social Brasserie is a winning combination of delicious food, including Wagyu burgers, craft cocktails and beers, paired with friendly service. It also boasts a menu designed by former model and celebrity “MasterChef” contestant Ilse Fourie, which is sure to wow you. Company Social Brasserie, located in Menlyn Piazza, is open seven days a week from 7.30am till late.

Craft Beer and Acoustics with Bouwer Bosch

Kleinkaap Boutique Hotel is giving you the opportunity to enjoy an evening of music, beer and delicious food in its garden on 2 October. Be sure to bring a gang of your family and friends, and a blanket to sit on. Your ticket will include a delectable spread of assorted cold meats, a cheese and bread platter and craft beer. Booking is essential.

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Secret Soirée – Jan Blohm and Neil Nachtrein

If you find intimate gatherings and a bit of mystery enticing, this event is right up your alley! Secret Soirée is a project by City Soirée and they are hosting Jan Blohm and Neil Nachtrein at a secret venue in Centurion on 7 October at 8pm. There are only 30 pledges available and pledging closes on 30 September.

If you want to be surrounded by good music and great people, pledge now!

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EXPERIENCE IT FOR YOURSELF: Company Social Brasserie 012 348 1241 facebook.com/CompanySocialBrasserie Craft Beer and Accoustics with Bouwer Bosch Book your spot by emailing info@kleinkaap.co.za kleinkaap.co.za

One Night in Waterkloof

On Wednesday night all the establishments at the Waterkloof Corner we know and love will be strutting their stuff for a tenant takeover.

Enjoy wine tasting, live entertainment and great food stalls. Your ticket comes with your very own wine glass to sample what’s on offer.

Rita-Mari Ludike is a freelance art director and photographer, and the blogger behind Rita Hello: ritahello.com

Secret Soirée – Jan Blohm and Neil Nachtrein citysoiree.co.za/events/ jan-blohm-centurion One Night in Waterkloof goo.gl/H8Wt5T

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NEWS & LIFESTYLE

Neighbourhood

27 SEPTEMBER 2015

Living connected The smart home is, for many, the next major evolution in the way we live WORDS: CHRIS REID

IMAGES: CONTROL4AUTOMATION/SIMPLETECH

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imply put, the term “smart home” refers to the idea that devices within a home can all be connected not only to each other but also to the internet, thus allowing homeowners to control them through central interfaces.

And this doesn’t only include computers, tablets and the like: it gets truly useful when applied to appliances and other home electronics.

A few years ago, when internetconnected fridges came onto the market, they were the butt of jokes.

Now it seems they’re anything but.

According to Jaryd Raizon from local smart-solutions company Simpletech, most people who come to them are aware of the concept of the smart home but not the full potential of the technology. “I would say that about 70%

of our customers approach us knowing that technology can help them to achieve a more secure, energy-efficient and convenient home,” he says, “but they rely on us to paint the picture for them.” According to Jaryd, more advanced systems are increasingly taking off in luxury residential homes, while in the mass market, players such as Altech’s Node device dominate.

The truly smart home may be in its infancy in SA, but the growth internationally has been significant.

Juniper Research projects a total global market value of $71bn by 2018. This is mostly in the entertainment category, but peripheral devices will invariably follow. With this in mind, the growth in South Africa is inevitable. How local developers find solutions geared specifically for this market and the South African lifestyle, however, will be key.

I would say that about 70% of our customers approach us knowing that technology can help them to achieve a more secure, energyefficient and convenient home, but they rely on us to paint the picture for them JARYD RAIZON, COO: SIMPLETECH

SEE FOR YOURSELF: Simpletech 021 300 1331 simpletech.co.za

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SPOTLIGHT

27 SEPTEMBER 2015

Neighbourhood

RSA

NATIONAL SPOTLIGHT Shining a light on SA’s featured neighbourhood

Spotlight on Ballito

No longer just a quaint holiday spot, Ballito is quickly growing up WORDS: CATH JENKIN

IMAGES: PRIVATE PROPERTY & SUPPLIED

Neighbourhood

27 SEPTEMBER 2015

SPOTLIGHT

hard and invested in the area to make a living and grow a business.

Outsiders might still see Ballito as a charming holiday resort that’s great for fun in the sun, but the area offers so much more to those who settle there.

Just 40km north of central Durban, Ballito is considered a haven for city dwellers and a heart-filled home for those who live there. Established as a town in 1954, Ballito is famous for its ocean views and a laid-back lifestyle that underpins a sense of community.

Ballito gets down to business When King Shaka International Airport and Dube TradePort opened in 2010, Ballito came to the fore for many in the worlds of commerce and industry. But the success of this local industry boom isn’t only because of development: it also rests upon a strong element of community support.

Known for his outspoken commitment to the town, Justin Scott is also a devoted husband, father of three and MD of FabMags Publications, a proudly Ballito enterprise. Says Justin, “Ten years ago the town was small and, as a community, we had to support each other to survive. Locals still support each other and there is still a climate of old-school values in a modern and progressive town that is growing up. We honour and respect those that have worked

“There is a misconception that because we’re coastal, we’re chilled or relaxed, but Ballito’s people work very hard. Many of the businesses have been established by people who moved to Ballito from upcountry, so they bring that buzz with them and they are as driven and motivated as anyone, anywhere else.”

Locals still support each other and there is still a climate of old-school values in a modern and progressive town that is growing up JUSTIN SCOTT, RESIDENT

Work/life balance

Business is booming in Ballito, but this hasn’t had a negative effect on the quality of life. In fact, it’s made it even easier for residents to discover and embrace their work/life balance, touching on a firm foundation that’s made for living life to the max.

Justin says, “Life in Ballito is really different. When it comes to lifestyle, Ballito offers everything you want for a family: quality time over time stuck in traffic, familiar faces that greet you at the shops, and kindred spirits that support each other. Add in the beauty of the place and it makes for a very attractive place to live. Overall, our mind-set is one of collective positivity: that we as a community can overcome most challenges thrown at us. We also get together to help out wherever needed, as evidenced by programmes such as Vision 153, a community-driven support organisation that’s growing exponentially

thanks to the golden hearts of the residents of Ballito.

It’s also easy to get the work/life balance right in Ballito: slotting in a surf, run or gym session before or after work is simple, because work and home are close to each other.”

Scott says that there is still a lot of opportunity on the North Coast, as a second wave of growth has begun on the foundations laid over the past 10 years.

Lifestyle and retail

The establishment of three large shopping malls in Ballito bears testament to its development as a commercial hub and its convenient location for residents. Take a leisurely browse through Ballito Lifestyle Centre, Ballito Junction or The Quarter and you’ll find everything you need within easy reach. Ballito Junction is expanding too, with construction to be completed in 2017.

Let’s talk about the beach

With a beautifully paved promenade that offers you incredible ocean views and the chance to spy dolphins at play (hence “Dolphin Coast”), Ballito’s beachfront is made for family fun. Enjoy a leisurely sunset walk, or take your pick of one of the area’s beaches to enjoy a sunny day out.

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SPOTLIGHT

Neighbourhood

27 SEPTEMBER 2015

EAT LIKE A LOCAL La Piazza Zara’s Café Mamma G’s Eat Local Grill

ZARA’S CAFÉ

Mo-zam-bik Ballito Al Pescatore Beira Alta Thava Ballito Gianni’s Ristorante

EAT LOCAL GRILL

With a beautifully paved promenade that offers you incredible ocean views and the chance to spy dolphins at play (hence “Dolphin Coast”), Ballito’s beachfront is made for family fun

BEIRA ALTA

Neighbourhood

27 SEPTEMBER 2015

SPOTLIGHT

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WATCH THIS NEIGHBOURHOOD COME TO LIFE AT

privateproperty.co.za/ballito

Our mind-set is one of collective positivity, that we as a community can overcome most challenges thrown at us JUSTIN SCOTT, RESIDENT

Take a leisurely browse through Ballito Lifestyle Centre, Ballito Junction or The Quarter and you’ll find everything you need, within easy reach. Ballito Junction is expanding too, with construction to be completed in 2017 BALLITO JUNCTION

BALLITO LIFESTYLE CENTRE

BALLITO LIFESTYLE CENTRE

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SPOTLIGHT

Neighbourhood

27 SEPTEMBER 2015

Property prices in Ballito

R18,000 Average asking price for a typical Ballito property (four-bedroom house)

R5,89m

R3,35m

Apartment: average asking price:

It’s easy to get the work/life balance right in Ballito: slotting in a surf, run or gym session before or after work is simple, because work and home are close to each other JUSTIN SCOTT, RESIDENT

Monthly asking price for a typical Ballito rental (a three-bedroom house)

R2,58m

Average asking price: sectional title house

Neighbourhood

27 SEPTEMBER 2015

SPOTLIGHT

Property demand in Ballito

Ballito: percentage of total sales listings for the Dolphin Coast

Ballito’s command of Interest in properties for sale on the Dolphin Coast

75%

71%

65%

Percentage of total rental listings for the Dolphin Coast in Ballito

SIMBITHI ECO ESTATE

79 007 properties under R1Million. Find yours.

A home for everyone www.privateproperty.co.za

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NEWS & LIFESTYLE

Neighbourhood

27 SEPTEMBER 2015

Conservative spending on homes

due to additional expenses With a growing awareness of all the costs associated with buying a home, more buyers are limiting the size and value of their purchase WORDS: LISA DEWBERRY

IMAGE: ISTOCK

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omebuyers are often caught off-guard by the additional costs associated with buying a home, but growing awareness of these expenses means many buyers are taking a more conservative approach to home buying.

A recent FNB Estate Agent Survey estimates 13% of sellers are selling their property to downscale due to financial pressure. John Loos, strategist: FNB, says an individual can reduce costs such as home maintenance, rates and tariffs bills, insurance and furniture by limiting the size and value of a home.

“Many potential homebuyers overcommit financially, taking out a 100% loan-to-value bond and more debt to finance transaction costs or furniture and appliances for their new home,” Loos says. “However, the smaller the home, the less space for material items and less electricity consumption, and the lower the value of the home, the lower the rates bill should be, with the garden and swimming pool having lower water, maintenance and insurance needs,” he says.

Lesiba Mooka, CEO: Cobalt Blue

Properties, says with the introduction of stricter lending rules the number of homebuyers purchasing properties beyond their means has drastically decreased in the last 10 years, with fewer properties repossessed as a result. However, around 3% to 5% of homeowners are still unable to make monthly payments. He says buyers should be prepared for costs, such as paying a deposit if the financier doesn’t grant a 100% bond legal fees, and bond registration and transfer costs.

“Allowance should be made for additional expenses, such as maintenance costs, monthly bond repayment increases and bank charges, that might arise once the property has been purchased. Saving 25% of the purchase price of the property should cover extra costs,” says Mooka.

David Rebe, CEO: Sandak-Lewin Property Trust, says costs that are often not factored into the price of homebuying include movers, insurance premiums, security and increased costs in rates, taxes and maintenance. He says if the buyer moves into a property and there’s a delay in transferring the

property into their name, there will also be occupational rental to pay as they will be living in someone else’s house.

“Buyers also need to take into account utilities such as phones, electricity and water, carpet cleaning, hanging curtains or painting. If buyers are purchasing a sectional-title property, they need to pay the monthly levy but should ask about special projects that may result in a special levy. Individuals should buy property with a buffer for economic changes, increases in interest rates, utilities bills and being unemployed for a while,” says Rebe.

Allowance should be made for additional expenses. Saving 25% of the purchase price of the property should cover extra costs LESIBA MOOKA, CEO: COBALT BLUE PROPERTIES

27 SEPTEMBER 2015

PROPERTY NEWS

15

RSA

NATIONAL NEWS STORY Opening the door to different neighbourhoods in SA

New to the Neighbourhood:

Home loan questions?

Answered WORDS: BRIDGET MCNULTY

Ballito

There’s nothing more exciting than moving into a new neighbourhood. Here’s what Stephne Ashworth loves about her new home in Ballito WORDS: RIEKIE HUMAN

IMAGES: SUPPLIED

Q: How did you find your property?

A: We were looking for a beachfront property around Shaka’s Rock and Wendy McMurray put in a lot of effort to meet our brief.

Q: What do you wish you’d known before you started looking?

A: We really wish we were aware of how much the prices of homes in that area had increased in recent years.

IMAGES: ISTOCK

Q: How do I know what property I can afford?

A: To assess what you can afford to pay on a home purchase, it is important that you take into account all the costs of managing a home.

Ongoing costs 1. Home loan repayments You will have to pay off your home loan in monthly instalments.

2. Homeowner’s cover (HOC) This type of insurance is mandatory for all home loans. It offers protection against loss and damage in respect of the home and/or its use and covers the physical structure, permanent fixtures and fittings, lapas and swimming pools.

If you are a sectional-title owner, your insurance is provided by your body corporate. Remember, this does not cover the contents of your home, for example furniture and appliances.

3. Loan protection assurance (LPA) Loan protection assurance provides protection for your home loan repayments in the event of death or disability, and may be a requirement on your home loan.

4. Municipal rates and taxes This amount is determined by the market value of your property as estimated by your local municipality.

It covers municipal services such as waste collection.

5. Water and electricity You have to pay for the amount of water

and electricity you use every month.

6. Levy The body corporate of the building determines the amount that each owner of a sectional-title property must pay every month. This money is used to pay for the maintenance of the common property and related costs such as insurance, painting, security and cleaning.

7. Garden maintenance This amount will vary according to the size of your property and the frequency of maintenance required.

And then there’s the patio with its uninterrupted views of the ocean – ideal for the fabulous alfresco lifestyle that’s made possible by the wonderful weather on the North Coast

8. Pool maintenance This cost varies according to the frequency of maintenance required.

Q: What do you love about your home?

A: This particular sectional-title property has few apartments and they are all on one level. There is also very easy access from the garage.

The bathrooms are all en suite, and the maintenance on the interior is minimal. And then there’s the patio with its uninterrupted views of the ocean – ideal for the fabulous alfresco lifestyle that’s made possible by the wonderful weather on the North Coast. Both of us also love watching the moon rise. And the tropical storms that play out over the ocean’s horizon are truly spectacular.

Q: Did you know exactly what area you wanted to live in?

A: Yes. We were quite particular about that and it was certainly one of the main requirements of the property we would buy.

9. Security This cost varies according to the size of the property, the type of security required and whether or not you are linked to an armed-response service.

It’s important to know what to expect from a cost perspective on a monthto-month basis so that you know what property you can afford.

LOOKING FOR MORE INFORMATION? Nedbank Home Loans has compiled a free step-by-step Buyer’s Guide to empower not only first-time homebuyers but also anyone who is considering the purchase of a new home. For more information, visit nedbank.co.za/homeloans.

A

lan and Stephne Ashworth bought their spacious fourbedroom home on Thompson’s Bay, Ballito in November last year with the help of Wendy McMurray of RE/MAX Dolphin Realtors. The apartment boasts magnificent sea views and exquisite features such as a walk-in pantry. Stephne tells us more about their new home.

FIND OUT MORE ABOUT YOUR NEIGHBOURHOOD Visit Private Property at privateproperty.co.za.

Q: What’s your favourite thing about your area?

A: We love the village atmosphere and the friendliness of everyone around here – including the holidaymakers! It’s such a special thing about South Africans, our openness and willingness to chat, and we have that in abundance here.

Q: Where’s your favourite local coffee spot?

A: The Fig Tree at Simbithi Country Club.

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NEWS & LIFESTYLE

Neighbourhood

27 SEPTEMBER 2015

Analyse it PATRICK CAIRNS

When everyone wins I

nfrastructure is a key part of any functioning economy. Essentially, it’s the foundation on which everything else is based. If you don’t have the proper requirements in place, your economy struggles. There is no better example of that than South Africa’s current electricity supply problem.

If you turn that on its head, however, building new infrastructure has a multiplier effect on economic growth.

In simple terms, every R1 spent on infrastructure results in more than R1 being added to economic output.

The perfect example of this is modern China. The huge growth story that has played out there has been based on massive amounts of fixed-capital spending, sometimes to the extent of building entire cities from scratch.

That is why infrastructure is such a key part of the National Development Plan (NDP). South Africa recognises that it has to increase spending on infrastructure, both to resolve existing shortfalls and to stimulate future economic growth. The challenge is that the government doesn’t have enough money to meet the requirements on its own.

The NDP has set a target level of infrastructure spending at 30% of GDP to achieve economic growth of 5,4% by 2030, but figures from Stanlib show that infrastructure spending last reached these levels 40 years ago.

The government also has a record of underspending its budgeted infrastructure allocation. Estimates show that in 2012 to 2013 it spent only 85% of the R255,6bn it had set aside.

This is a problem, but it is also an enormous opportunity for the private sector. Public-private partnerships (PPPs) offer a potential solution where risks, responsibilities, resources and skills are shared between the government and private investors.

South Africa’s renewable-energy programme has already shown how well this can work. A total of 92 projects, all privately funded, built and managed, have been approved since 2011. This represents a total private-sector commitment of R193bn. The private sector hasn’t come forward with this money out of a sense of obligation or charity: it has been eager to participate because of the potential returns it can earn.

The NDP highlights a number of areas where infrastructure spending should be directed, including education, health care, public transport, broadband internet, energy and water

The result is that the country as a whole benefits from private-sector technology, innovation and knowledge.

This improves efficiency and enhances public services while taking some of the strain off the government.

It only works, however, when the private sector sees the potential for enticing returns on its investment. That is where the government has to play its role. If it can create the right incentives and the right framework, the potential for symbiotic relationships with the private sector can be a win-win for everybody.

Menlo Park’s expansion: property boost with social benefits

Pretoria is birthing a new living space that will echo upmarket Sandton WORDS: LEANDI CAMERON

IMAGE: ANTON SCHOLTZ

P

restigious Menlo Park used to be renowned as a conservative, middle-class, family-oriented suburb where professional young families moved to be near top schools and the University of Pretoria. However, the expansion that has occurred in recent years has had a positive impact on the real estate prices in Menlo Park and surrounding areas.

This fresh cultural energy is making the small suburb even more popular. The landscape will also change drastically within the next year, thanks to the approval of 35 residential rezoning applications. They include low-, medium- and high-density residential developments. A further 20 new applications have been submitted to the city council for approval.

“The luxury homes are attracting a new generation of residents, thus a new social culture to the suburb. This is due to many young professionals, single parents with degrees and a reasonable increase of students living in Hatfield migrating to the area,” says Ronella Joubert, property consultant: Harcourts Capital.

“In the past 12 months the average home price in Menlo Park and its surrounding areas has increased from R1,8m to R2,5m,” says Joubert. She adds that buyers who used to average between R40,000 and R50,000 a month on average now have to earn between R60,000 and R80,000 to live in the area.

In the past 12 months the average home price in Menlo Park and its surrounding areas has increased from R1,8m to R2,5m RONELLA JOUBERT, PROPERTY CONSULTANT: HARCOURTS CAPITAL

“Menlo Park serves as the ideal area to achieve the outcomes of the Menlyn node spatial development framework, because the infrastructure of shops, schools, parks, public transport and recreation facilities already exist,” says Joubert. The development is intended to relieve pressure by providing thousands of employment opportunities in the Menlyn Maine area and to address the lack of housing around the university. With all the emerging modern developments, Menlo Park will soon have a beautiful new face to go with its buoyant property market.

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PROPERTY NEWS

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Sectional-title: more popular than ever Demand for sectional-title properties is growing both nationally and within Gauteng WORDS: CATHERINE BLACK

IMAGE: ISTOCK

A

ffordability, security and convenience – these are just some of the reasons why demand for sectional-title properties is surging in South Africa, according to the recent Pam Golding Properties Residential Property Index. The index, which looks at property trends across the country, found that while only 10,9% of residential building plans passed in South Africa in 2000 were for sectional-title properties, this figure increased to 38% in 2015.

a to n ork, s, d

Within Gauteng specifically, this trend is notable in several residential suburbs, according to Jonathan Davies, manager: Pam Golding Properties Hyde Park.

Within the suburb, he says, sectional-title properties make up 30% of all properties sold, but this form of ownership is growing further afield in suburbs such as Woodmead, Randburg and Soweto.

It’s also popular in upmarket areas such as Sandhurst and Bryanston, where sectional-title developments allow residents to own more affordable homes in affluent areas.

nt e sing

ful

Besides affordability, Davies says, there are several contributing factors to the trend. “Sectional-title properties are convenient, low maintenance and meet the desire for a secure lifestyle,” he explains. Davies also notes that the increase in the transfer duty threshold earlier this year has strengthened activity in this market, as it has allowed buyers looking for lower priced properties more financial leeway.

Charles Vining, managing director: Seeff Properties Sandton, says that sectionaltitle properties also offer peace of mind in terms of maintenance and upkeep.

“Generally the body corporate maintains the building and grounds and facilitates the security services and billing of utilities, which eliminates much effort on the part of the owner,” he says.

Vining cites examples such as Rosebank, where 80% of properties constitute sectional-title living, while Douglasdale and Craigavon now consist of 57% and 74% of sectional-title properties

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respectively. Another key driver in suburbs such as Morningside is buy-to-let investors looking to rent to professionals working in and around Sandton.

Given the current economic climate, it makes sense that demand for sectionaltitle properties is growing. With initiatives such as the rejuvenation of the Johannesburg city centre, more areas are becoming viable for creating new sectional-title properties in older buildings, and in so doing, beginning to meet this demand.

Besides affordability, sectional-title properties are convenient, low maintenance and meet the desire for a secure lifestyle JONATHAN DAVIES, MANAGER: PAM GOLDING PROPERTIES HYDE PARK

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Neighbourhood

MARKETPLACE

Area Guide A:

Lynnwood Glen

29

Willow Acres

35, 42

Amandasig

29

Lynnwood Ridge

34

Willow Acres Estate

37

Amberfield

26

Lyttelton Manor

32, 44

Willow Park Manor

25

Amberfield Valley

33

Woodhill

37

Woodhill Estate

25

Woodlands Estate

25

M: B:

Menlo Park

23, 24, 36

Baileys Muckleneuk

23

Midfield Estate

27

Blue Valley GolF Estate

26, 30

Midlands Estate

27

Z:

Blue Water Creek Estate

34

Midrand

47

Zwartkop

27

Boardwalk Meader

23, 36

Midstream Estate

33

Zwavelpoort

34

Brooklyn

23, 36

Midstream Ridge

33

Brummeria

23

Monavoni Montana Park

44

Monument Park

24, 31, 35, 36

C:

29

Centurion

30

Mooikloof

29, 42

Centurion Golf Estate

26

Mooikloof Gardens

24

Clearwater Estate

34

Mooikloof Ridge

24, 31, 35

Clubview

26, 33

Moreleta Park

24, 29, 32, 35, 37, 45

Cornwall Hill

30

Cornwall Hill Estate

33

N:

Country View Estate

23

Newlands

29, 41

Newmark Estate

35

Agency Guide

D: Derdepoort

44

0:

Die Hoewes

26

Olicea Crescent Aftree Oord

Die Wilgers

31, 34, 44

Donkerhoek

34

P:

Doringkloof

26, 30

Pierre Van Ryneveld

38, 41

Pretorius Park

35

35

E: Eco Park Estate

26

R:

Elarduspark

34, 40

Raslow Manor

30

Equestria

23, 34, 46

Rietvalleirand

37, 40, 41

Erasmuskloof

32, 34, 36

Rietvlei

32

Rooihuiskraal

27, 29

G: Garsfontein

23, 32, 34

Gezina

46

H: Hatfield

34

Highveld

33

Hillcrest

34

I: Irene

26, 33

Irene Proper

33

Irene View Estate

33

Irene Village View

33

K: Kloofsig

26, 30

Knoppieslaagte

26

Kosmosdal

30

L: La Montagne

35

Laezonia

27

Leeuwenhof Estate

36

Lynnwood

23, 31, 34

S: Silver Lakes

42, 43

Silver Lakes Golf Estate

31, 32, 37

Silverwoods

31

Soshanguve

32, 44

Soutdowns

33

Stone Ridge Estate

27

Summerfield Estate

27

T: The Reeds

29, 44

The Wilds

32

V: Val de Grace

24, 44

Villieria

46

W: Wapadrand

29, 35

Waterkloof

24, 31, 37

Waterkloof Glen

35

Waterkloof Heights

24, 25

Waterkloof Park

25

Waterkloof Ridge

25, 35, 37, 41

Wierdapark

27, 44

Adrienne Hersch Properties Aida Leapfrog Nedbank Pam Golding Properties Rawson Properties Seeff Properties Sotheby's International Realty

29 34 - 35 32 - 33 22 30 - 31 39 - 48 22 - 27 36 - 37

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