Etchells & Young Sole Mandate - Video
May 15, 2012 Leave a comment
“Like” our Facebook page and WIN!
April 24, 2012 Leave a comment
“Like” our facebook page and stand a chance to WIN 1 year free Rental Management on your property. To view the services we offer with RENTAL MANAGEMENT follow this link http://www.etchellsandyoung.co.za/static/rental-management
Why choose Etchells & Young?
April 23, 2012 Leave a comment
Etchells and Young are recognized as the Sectional Title Rental and Re-sale specialist in the North and North West suburbs of Johannesburg. Due to the large number of properties managed by us successfully, Investors trust us to sell their properties as well.
Why Investors trust us to Rent and Manage their properties:
- Established rental systems and procedures
- Thorough tenant screening and qualifying…
Career Opportunities – New positions available
April 18, 2012 Leave a comment
We currently have 2 vacancies:
Time Management skills as well as being a non-smoker with excellent health are some of the common factors that are very important for all of these positions.
Office Admin Position
We are looking for a young lady (preferably just finished matric) who is very admin orientated but also has a bubbly personality. The person would have the following duties:
- Scanning of Property Management documents the server, and ensuring it is filed into the correct folder on the server
- Filing of documents once scanning is complete, as well as archive filing
- Marketing calls to existing owners to find out if they have any properties that they would like to sell
- General office duties like dealing with Printer and Telkom issues and to some extent IT issues if necessary
These are some basic functions that the person will fulfil but we may add some to the list once they start. We would like to get someone started as from 1 May and the salary would be R5 000 per month.
Send cv’s to: chantell@etchellsandyoung.co.za
Maintenance Co-Ordinator Position
We need a finance orientated person for this position. They must be very focused, organised and good with figures. They will need to work with Nicor and Sharepoint so understanding of IT systems is important. It would be an advantage if they have had experience in the property industry or maintenance/building industry. The following duties will apply:
- Dealing with the maintenance of entry and exit snag lists
- Contractor payments
- Deposit refunds – the whole process
These are some basic functions that the person will fulfil but we may add some to the list once they start. We would like to get someone started as from 1 May and the salary would be R7 500 per month.
Send cv’s to: andre@etchellsandyoung.co.za
Top Achievers in April
April 17, 2012 Leave a comment
CONGRATULATIONS TO THE FOLLOWING PEOPLE FOR TOP ACHIEVEMENTS IN APRIL: Odie Lynch for the Top Rental Turnover; Christel Karadimos for the Top Sales Turnover and last but not least Beverley Ritchie and Reese Meyburgh for the Top New Rental Management!
Why choose Etchells & Young?
April 13, 2012 1 Comment
Etchells and Young are recognized as the Sectional Title Rental and Re-sale specialist in the North and North West suburbs of Johannesburg. Due to the large number of properties managed by us successfully, Investors trust us to sell their properties as well.
Why Investors trust us to Rent and Manage their properties:
- Established rental systems and procedures
- Thorough tenant screening and qualifying
- Advanced property management programme
- Highly skilled and qualified rental agents
- Fully compliant with SA property legislation
- Consistent communication to our clients
Why Investors trust us to Sell their properties:
- Ongoing buyers list from our large tenant database
- Large rental management portfolio = Investor buyers
- Aggressive marketing and advertising
- Unique in-house multi listing structure
- Highly skilled and qualified sales agents
- Consistent communication to our clients
The Average house price now increasing at 6.8% per annum
April 11, 2012 Leave a comment
The lengthy period of low interest rates and a fading economic recession puts Gauteng’s property market in positive terrain. The FNB house price index shows a slight increase in Q1 2012. From Q1 2011, the average house price has increased by 6.8% in Q1 2012. This is the highest growth rate in Gauteng since Q2 2008. With the property market being driven primarily by residential demand in Gauteng, it is more stable than some of the countries’ smaller property regions. Roughly two and a half years after the major rate cuts in 2009, the market seems to be gaining more resistance. The average property price for Gauteng was R866,806 in Q1 2012, this price level is only 9,3% higher than the level reached in Q2 2008. The City of Joburg shows the most growth in the property market of the 3 major metros. In Q1 2012, the FNB market strength indices per Gauteng Metro pointed to City of Joburg having the best balance between supply & demand at 49.4 just short of 50 at which demand would match supply. From FNB’s valuation of activities in the area, it shows that Gauteng’s market stability draws from the Northern Suburbs of Joburg where the economies of the regions business nodes hold up better in tough economic times, as many corporate companies consolidate costs by integrating certain functions to head offices based in this area. Heightened congestion and increasing transport costs should benefit Joburg’s Nothern suburbs even more compared to other regions of greater Johannesburg as this is arguably the provinces main commuter destination.
A Top month for Etchells & Young in March
April 5, 2012 Leave a comment
Etchells & Young broke all Rental turnover records in March!!! Congratulations to Elzanne Pretorius for achieving the top turnover in Sales / to Marius Bezuidenhout for achieving the top Rental turnover and to Heloise Azar for achieving top new Rental Management!!!! A lovely long weekend to all and if you are travelling BE SAFE!!!!!
National Budget Update 2012/2013
March 22, 2012 Leave a comment
National Budget Update 2012/2013
The problem we currently face is the worldwide economic storm. The million dollar question is can South Africa survive. The answer is yes. How are we going to pay for it? Growth rates are the most crucial factor at the moment. Growth rates dipped towards the end of the Mbeki administration. Then Zuma became president and appointed the minister of finance Pravin Gordhan who took over from Trevor Manuel in May 2009 and growth rates improved immediately. In the 2011/2012 budget a year ago Gordhan said that we had recovered from the credit crunch and we had a relatively stable year with an average growth rate of over 3%. Growth rates have a huge effect on where we are going and what the future holds. Gill Marcus predicted that growth would continue at 2.8% and the head of the IMF said growth rates would slow to 2.5%. Gordhan made the call to split the difference and budget for a 2.7% growth rate, increasing to 4.2% by 2014. If growth rates go down, tax receipts drop, especially vat, which leads to an increase in the national deficit which in turn leads to a down grade by the ratings agencies. This will result in interest rates increasing which we simply cannot afford. The main goal is to maintain our credit rating and maintain interest rates at their low levels.
South Africais in a great position compared to other countries.
Total debt to GDP ratio:
Greece: 166%
Italy: 121%
Japan: 200%
South Africa: 37%
South Africa’s debt to GDP ration is still below 40%. We are undoubtedly a model example for the rest of the world.
The 2012/2013 budget game plan was to get more money from companies by increasing capital gains tax and dividends tax. A trend emerged over the last couple of years as individual taxes forged ahead and company taxes lagged behind. In this budget they are trying to correct this.
What’s changed? In 2011 and 2012 individuals received a medical aid tax free subsidy but in 2013 this has been replaced by a rebate. The group life premium and permanent health insurance premium is now taxable on a monthly basis. A new general savings exemption has been introduced of R30, 000 per annum which covers investment income, dividends and capital gains. An increase in dividend tax to 15% results in an increased effective corporate tax rate on distributed profit from 35.2% to 37.39%.The corporate capital gains tax inclusion rate increased from 50% to 66.7% and the individual capital gains tax inclusion rate increased from 25% to 33.3%. Last year we saw a substantial decrease in transfer duty rates in an attempt to stimulate the market. The transfer duty rates have remained unchanged. The primary residence allowance has been adjusted from R1, 5 million to R2 million per household.
This is the budget in a nutshell. What does the road ahead show.South Africais surviving the credit crunch and that is a huge relief, things could be a lot worse. We have avoided a massive increase in personal tax, vat, fuel and electricity levies. The price we will have to pay is an increase in dividend tax, sin tax and capital gains tax.
Overall it’s a great budget and you can be proudly South African.
Dylan Rodrigues CA(SA)
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