Chas Everitt opens in Newcastle

Chas Everitt International has ratcheted its growing presence in smaller towns up a notch with the conversion to the brand of a Newcastle real estate office.

Ferdi and Lee-Anne Labuschagne are the new Chas Everitt International franchisees in Newcastle.

The franchise rights have been awarded to Ferdi and Lee-Anne Labuschagne, who joined the group after a short stint as co-owners of a local estate agency under another national brand.
Ferdi, who is an experienced attorney with a specific interest in real estate, says the change-over yielded immediate results. "The reception in the local market has been very favourable and we experienced a dramatic and immediate increase in sole mandates in the upper levels of the market."
He adds that the Chas Everitt International business model is specifically designed for the SA market while management systems enable owners and principals to run their operations efficiently.
"A function-specific array of electronic and media tools makes it easy for our agents to be effective in the market and the group's ultimate professionalism fills a dire need in the South African property market as a whole."
The franchise area covers Newcastle in northern KZN and the surrounding townships of Madadeni and Osizweni, as well as nearby towns such as Dundee, Glencoe and Dannhauser. Labuschagne says plans are in the pipeline to open a branch office early next year in the Dundee/Glencoe area.
"Our current complement of three full-status agents and three candidate agents will be increased by another four agents to fully serve our market and agents will specialise in respectively residential, agricultural and commercial properties, as well as new developments."
And in view of the lively rental market in Newcastle, a specialised Chas Everitt Property Rentals franchise will be established towards the end of the year. Labuschagne says the town’s economy is largely industrially driven with giants Accelor Mittal, Karbochem and Lanxess underpinning its fortunes. "The nature and size of local industrial concerns dictate a large turnover and increase of staff, which has resulted in massive rental demand, to such an extent that rental stock is currently in very short supply."
Investors are consequently very active in the market as it has become apparent that rental income locally will almost always exceed bond repayments by a good percentage, he says. "Numerous sectional title simplex developments are now under way, and will go a long way towards relieving stock shortages. Most of these offer between eight and 15 units and are aimed at buyers and investors with rental income in mind."
Growing employment in the industrial sector is also spurring home purchases in the price brackets below R1,5m, typically sectional title townhouses or full title family homes. Strong demand for townhouses in this price bracket has given rise to development of several new building projects.
Labuschagne says, however, that a wide range of properties is available at prices ranging from R90 000 in the traditional townships, to R5m in eco developments such as Vulintaba. Farms are also in strong demand and very few units with commercial value are available for less than R7m.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us