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  1. #61
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Hylton View Post
    Property is booming in Hermanus at the moment especially in the top end. Places being bought for R10 mil and levelled for a R40 mil home. Do not touch Beach club. I have not heard of much theft there but you would not feel comfortable living there.
    Nice place should be on the market soon....Steinhoff Mansion or something similar ?
    There is no task too simple for some people to complicate !



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  3. #62
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Mr.G View Post
    Already have other investments
    We will be bonding for as short a period as we can.
    We buying it through the business so looking at the tax benefits of such a purchase..Im not talking a massive invetment maybe around 1.2mil..So a 2 bedroom maybe 3 if we lucky..Must be in a safe complex with decent rates and levies amounts.
    If your business is in a Pty or CC, just examine your CGT (Capital Gains Tax) and DWT (Dividend Withholding Tax) when you sell the property one day. Just sold a property we held for 20 years in a CC and the net tax effect is around 37.92%. If it was held in personal hands, the worst net tax effect would have been 18%.

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  5. #63
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Mr.G View Post
    As the title states we looking to invest in a small property in the WC..
    Places currently on the radar are Knysna,Mosselbay,Hermanus,Blouberg/bigbay
    For those who maybe stay in these towns and have some feedback or other options help me out
    Looking at flat/townhouse for own use and possible renting out.The main idea is to just broaden our investment..I know many say dont invets in a seaside holiday property but I see it as an invetment in a longterm asset,if you can buy right now
    I live in Great Brak River and rode out to JONGENSFONTEIN about 10km from Stilbaai.....really quaint seeside village. I would have a look at the property market there.
    There is a guy there Danai and he does rentals for just about every property there and sells braii wood to boot lol

  6. #64
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Tobied View Post
    If your business is in a Pty or CC, just examine your CGT (Capital Gains Tax) and DWT (Dividend Withholding Tax) when you sell the property one day. Just sold a property we held for 20 years in a CC and the net tax effect is around 37.92%. If it was held in personal hands, the worst net tax effect would have been 18%.
    I understand that tax implication.I have my reasons why i want to do it in the cc name..Also,in the last 20 years property prices quadrupled so your profit on your property was probably huge..I doubt we gonna see those huge price increases again.

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  8. #65
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    Default Re: Best town in WC to invest

    Quote Originally Posted by MSG View Post
    I live in Great Brak River and rode out to JONGENSFONTEIN about 10km from Stilbaai.....really quaint seeside village. I would have a look at the property market there.
    There is a guy there Danai and he does rentals for just about every property there and sells braii wood to boot lol
    Danie (Jongensfontein) 083 233 7972

  9. #66
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    Default Re: Best town in WC to invest

    The best estate agent we have had dealings with for Sedgefield, Knysna, Mosselbay is Mrs Adeline Van Rensburg 0829223956

    Im sure she could assist you

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  11. #67
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Mr.G View Post
    Any feedback on Hermanus Beach club..There are some decent buys there.Except an influx of people over holiday anything negative about the place?
    You need to investigate Beach Club thoroughly!

  12. #68
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    Default Re: Best town in WC to invest

    I bought a 1032sqm piece of land in Dana Bay in 1994. Over the last 8 months, I have had two cash offers for 1,1mil.
    It's a beautiful plot with a 180 degree sea view. Property in these areas of the Cape are soaring. In 2020 there was a 1.8% increase of overseas buyers...who would have thought??

    When you looking at towns, make sure to look at the municipality of that town - makes a huge impact. Mosselbay municipality is very good and on the ball.
    Gabon / Botswana

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  14. #69
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    Default Re: Best town in WC to invest


  15. #70
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    Default Re: Best town in WC to invest

    I must admit i am a Jbay fan.Like the vibe and closnest to many cool places.
    But lately I can see the upkeep is deteriorating and especially the roads are looking pretty bad.
    Pity as there are some really good properties available there

  16. #71
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    Default Re: Best town in WC to invest

    Seriously consider Jakobsbaai on the West Coast. Quiet, clean, and safe with lots of potential. Don't know how busy it get's in peak periods but imo try their FB page and see what the comments are.

    Another great jewel on the South coast is Boggoms Bay! NO shops, NO street lights, No outside lights after 9pm and really great place for summer holidays etc. Did a mention that it gets very busy with fishermen and swimmers ..... on a 15km beach!! It's awesome. Vleesbaai is 2 km away on the beach - the right place to be for long walks, swimming, fishing, surfing, kayaking, kids, safety, etc. Quality property all round. Don't miss evaluating this diamond.



    Quote Originally Posted by Mr.G View Post
    As the title states we looking to invest in a small property in the WC..
    Places currently on the radar are Knysna,Mosselbay,Hermanus,Blouberg/bigbay
    For those who maybe stay in these towns and have some feedback or other options help me out
    Looking at flat/townhouse for own use and possible renting out.The main idea is to just broaden our investment..I know many say dont invets in a seaside holiday property but I see it as an invetment in a longterm asset,if you can buy right now
    ---------------------------------------------
    Billy of Arabia

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  17. #72
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    Default Re: Best town in WC to invest

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    Montagu. The closest thing to staying in a retirement village without staying in a retirement village.
    Last edited by hjp; 2021/04/19 at 02:00 PM. Reason: Additional info.

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  19. #73
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    Default Re: Best town in WC to invest

    I have three requirements for a retirement home town.

    1. There must be a Woolworths
    2. There must be a Dischem
    3.There must be a private hospital

    If there are these 3 businesses then every other type of service you need will be there and an airport will not be far away either.

    You retire to, lets say Stillbaai, you are 75 years old and need to go to hospital, your kids live where they can make a living i.e. not in Stillbaai. How will your wife get to Mossel Bay to drop you off, visit you or pick you up? You pass away and your wife must now live on her own miles from her family? Sell the house and move to an old age home where she knows how many people? The last place old people want to be is somewhere where they are alone.

    When you are 45 years old living on the treadmill called the rat race in the big city, Stillbaai, or wherever, sounds like paradise. When you are 75 and you have seen only your three neighbours for the last week it becomes a prison sentence. I have asked countless old people what it is they miss the most and it's always the same answer, company.
    An unconscious competent making his way through life.

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  21. #74
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Mr.G View Post
    Already have other investments
    We will be bonding for as short a period as we can.
    We buying it through the business so looking at the tax benefits of such a purchase..Im not talking a massive invetment maybe around 1.2mil..So a 2 bedroom maybe 3 if we lucky..Must be in a safe complex with decent rates and levies amounts.
    My brother and I and our children own about 14 investment properties in this category. I have been concentrating now on two-bedroom apartments in secure complexes with high-speed fibre - in the Milnerton Cape Town area. These are ideally suited for first time rentals by young professionals - Accountants, computer specialists, financial analysis - so you get good quality tenants.

    I try and achieve a 6% return (rent less operating costs of levies and rates) from day one but rentals have recently been under pressure so this return has temporally dropped.

    Have a look at properties in Royal Ascot Milnerton. In particular we own 4 units in Equini Arena North Royal Ascot. They currently sell for between R1 200 000 and R1 400 000, after negotiation. Rentals run at between R9 000/R9 500 pm, levies R1 800 and rates R400. If you use a 50% to 60% bond and run the ownership directly through yourself or an income generating company it is very tax beneficial as you can claim the bond interest as a taxable expense, and bond repayments are covered by rentals. In practice, at a 50% bond, we find it takes between 5 and 10 years to repay the bond fully from the surplus rent due to normal annual rent increases.

    I always become a Director/Trustee of the Body Corporate and ensure that it remains financially sound. http://equini.co.za/

    PS It is 4km/5 minutes from a beautiful beach at Sunset Beach

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  23. #75
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Steady View Post
    I have three requirements for a retirement home town.

    1. There must be a Woolworths
    2. There must be a Dischem
    3.There must be a private hospital

    If there are these 3 businesses then every other type of service you need will be there and an airport will not be far away either.

    You retire to, lets say Stillbaai, you are 75 years old and need to go to hospital, your kids live where they can make a living i.e. not in Stillbaai. How will your wife get to Mossel Bay to drop you off, visit you or pick you up? You pass away and your wife must now live on her own miles from her family? Sell the house and move to an old age home where she knows how many people? The last place old people want to be is somewhere where they are alone.

    When you are 45 years old living on the treadmill called the rat race in the big city, Stillbaai, or wherever, sounds like paradise. When you are 75 and you have seen only your three neighbours for the last week it becomes a prison sentence. I have asked countless old people what it is they miss the most and it's always the same answer, company.
    You are absolutely correct. Growing old is small town with little infrastructure is very dangerous and can easily happen. One has to be careful of generalisation though.

    A lack of a Woolworths, Dischem and private hospital does not mean every other type of service you need is not available. In fact, I'd rather support the local Spar, Blombos pharmacy and local medical support who invest in the community than make some big corporate richer. And Stilbaai does have every other type of service you need.

    The average age in Stilbaai is something like 64 and there are at least 3 retirement villages. They are very well equipped to deal with medical emergencies and emergency transport, all of which won't place any responsibility on the kids. And if you miss company, it will be because you actively avoided people. Everyone looks after each other in Stilbaai, whether you want them to or not.

    I speak from experience. My parents, close to 70, live in Stilbaai. We see them fairly often but they are free to go about their lives. They get involved in all kinds of things ("retirement" se gat) which keeps them young. They are truly happy and won't move for all the money in the world.

    A last but important point: it is very dangerous to move to live close to kids. An immediate burden is placed on them making it impossible for them to move where life and opportunity takes them. I've seen this happen and it ends up in resentment. It is very important to maintain independence as long as possible.
    Niel
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  25. #76
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    Default Re: Best town in WC to invest

    Quote Originally Posted by AndyT View Post
    Red Hill informal settlement - close enough
    Dido Valley low cost housing
    Simonstown is nice and reasonably quiet but it is a slog from anywhere. Gets quite busy at Christmas. Doesn't take much to stuff the traffic even in quiet times. It's an hour to the airport. Red Hill is almost as far away vertically as horizontally - not on the doorstep. A lawyer friend had his stereo stolen out of his Defender at the Magistrate's Court in Simon's Town... while he was in court :-)

  26. #77
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    Default Re: Best town in WC to invest

    Interestingly there are not too many comments on climate beyond wind. The Western Cape has quite a variety of weather so you might consider what you prefer. I know families with holiday homes on both the west coast and Hermanus region as one will be baking while the other is bathed in fog. Montagu and even Robertson will be hot and dry. The Garden Route is crazy over Christmas and (IMO) a bit bleak in winter. But it's all to personal preference, budget, etc.

  27. #78
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Steady View Post
    I have three requirements for a retirement home town.<br>
    <br>1. There must be a Woolworths<br>
    2. There must be a Dischem<br>
    3.There must be a private hospital<br>
    <br>
    If there are these 3 businesses then every other type of service you need will be there and an airport will not be far away either.<br>
    <br>
    You retire to, lets say Stillbaai, you are 75 years old and need to go to hospital, your kids live where they can make a living i.e. not in Stillbaai. How will your wife get to Mossel Bay to drop you off, visit you or pick you up? You pass away and your wife must now live on her own miles from her family? Sell the house and move to an old age home where she knows how many people? The last place old people want to be is somewhere where they are alone.<br>
    <br>
    When you are 45 years old living on the treadmill called the rat race in the big city, Stillbaai, or wherever, sounds like paradise. When you are 75 and you have seen only your three neighbours for the last week it becomes a prison sentence. I have asked countless old people what it is they miss the most and it's always the same answer, company.
    <br><br><em><strong>I agree with this post. I am 76 and need those 3 resources too. My 2 cents worth is to consider looking also at places like Wakkerstroom in Mpumalanga, only 300kms from the big smoke, lots of people are buying here, the climate is excellent, good company, plenty of home deliveries from the Reef by courier and local foodie establishments ,fresh air and security...you would be surprised the value for money without taking the big trek to the Cape... and you are central to visiting 10 kzn and swazi game parks, lower Moz coastline, Sodwana bay etc, as well as the Drakensberg parks and surrounding areas. Plenty of Running, MTB, 4 x4&nbsp; off road tracks and motorcycles, paragliding, excellent local retirement village&nbsp; (life rights), low entry and ongoing costs.</strong></em><br>

  28. #79
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Billy of Arabia View Post
    Seriously consider Jakobsbaai on the West Coast. Quiet, clean, and safe with lots of potential. Don't know how busy it get's in peak periods but imo try their FB page and see what the comments are.

    Another great jewel on the South coast is Boggoms Bay! NO shops, NO street lights, No outside lights after 9pm and really great place for summer holidays etc. Did a mention that it gets very busy with fishermen and swimmers ..... on a 15km beach!! It's awesome. Vleesbaai is 2 km away on the beach - the right place to be for long walks, swimming, fishing, surfing, kayaking, kids, safety, etc. Quality property all round. Don't miss evaluating this diamond.
    Jacobsbaai is VERY pretty

    BUT

    They have a theft and vandal problem due to the township over the hill at Saldanha bay
    (I supply the abalone farm on the north side of the bay which is NOT a reason to avoid the place!)

  29. #80
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    Default Re: Best town in WC to invest

    Quote Originally Posted by Steady View Post
    I have three requirements for a retirement home town.

    1. There must be a Woolworths
    2. There must be a Dischem
    3.There must be a private hospital

    If there are these 3 businesses then every other type of service you need will be there and an airport will not be far away either.

    You retire to, lets say Stillbaai, you are 75 years old and need to go to hospital, your kids live where they can make a living i.e. not in Stillbaai. How will your wife get to Mossel Bay to drop you off, visit you or pick you up? You pass away and your wife must now live on her own miles from her family? Sell the house and move to an old age home where she knows how many people? The last place old people want to be is somewhere where they are alone.

    When you are 45 years old living on the treadmill called the rat race in the big city, Stillbaai, or wherever, sounds like paradise. When you are 75 and you have seen only your three neighbours for the last week it becomes a prison sentence. I have asked countless old people what it is they miss the most and it's always the same answer, company.
    I purchased an investment property at the Baldwin development in Ballito, and surprising looked at the same including the airport. There is a new private hospital around the corner and the Junction mall has wide range of shops, including Woolworths and Dischem. I still kick myself for not purchasing a second unit - the demand and prices have increased significantly.

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