Market Survey Results

We would like to thank everybody that took part in our market survey

We asked a simple question:
"Do you believe that it is possible to still make money from property investing in South Africa?"

There have also been some interesting comments from some of the people that took part in the survey. The results are:

89.72% said
YES
you can make money
NAME COMMENT
Nonceba Phungula I've just begun my research of property investments and my knowledge is still poor but im willing to learn more. But I do believe that it is still possible to make money from property investments
Pierre Rossouw As I know this is the right time to invest in property .Please advise how to adress my wife a accountant with a very conservitive money attitute and fear of debt.
David Hurd I have never lost any money on property and I see that banks are very keen to lend money to commercial property investors.
Gwen Mullen I have sold my previous houses and have made a profit of nearly double the price I originally bought for.
David Tshabalala It is possible because property investment is not a get rich quick scheme,your investment apreciates over years.
Bongani Buthelezi Thank you for making me a part of this survey.
Gordon Cowie With the correct tools,information and "homework" there is definitely potential to buy decent investment properties
Tiny Mudau I think we can still make money from property, regardless of this current economic situation.
Ramaisa Khoanyane Yes it is possible only if one waits till econ omy rcovers or do it for 2010
Rosemary Milburn This is a current buyers market
Masixole Kawuleza Yes, it is possible to still make money from property investing in South Africa.
Malie Batt What ever you do, don't ever give up.
Yolisa Gladile I can make money by investing in propoert. It will even be better with the guidance of a book, where there is experience.
Millie Cohen Property still increase in value, although not so fast as in the past.
Jillian Boxall Property will always be a good investment, we live in a country where property ownership is important and people go to great lengths to be able to have the security of owning their own home. Instead of paying off somebody else's bond by paying monthly rental and not having stability, rather pay off your own bond and get stability and a very sound investment.
Johan Naude Select carefully, entry level security complexes
Lillian Radebe There is always going to be a need for accomodation.if people cannot buy they will opt for renting
Toto Konco There will never be a time where property won't be making you money, i think the art is in the know how, as long as you know what you do or mentored by the right people - you should be fine.
Eugene Clemen The problem here is...that the average South African either do not have the money to invest....or they are too sh*t scared to do so.
Ben Bann It is the only way to make provision for your retirement age!!!!
Sharon Jooste Yes, I do believe it is still possible - however where do I start and how do you invest in property in South Africa without laying out your own money as is discussed in Robert Kiyosaki's many books as well as Donald Trump's. Is this even possible in South Africa - given our banking system?
Deon Pretorius Buy and sell will always work
Gerrie Höll Purchase prices are presently low and the rental market excellent. Time to invest for the long term!!
Jan Vorster I am a firm believer in property to enhance wealth.
Francois van den Berg I belief that you can make money from property especially when the market is down.
Subandhran Govender I would appreciate your view on banks granting 100% bonds,if your book has answers then by all means i will like to purchase a copy
Kgaugelo Moseta yes, I believe u can still make money in property investments in south africa.
Johannes Pretorius Property will always remain a good place to invest your money and make you money. The right edcation is required
Lara Richards Yes you can still make money
Koos Jonker Over the past 45 years the property market has been cyclical. We are now approaching the bottom of just another cycle and as soon as the credit squeeze has been resolved the market will start to turn up again. There are many bargains to be bought at forced sale auctions.
Chad Williams It really all depends on where the property is located. Investors must take into account if the area has the potential to develop further or degenerate / down-spiral.
Debbie Wall-Smith You can make money by buying houses where sellers are in arears. You will always make money out of property, perhaps not in the short term, but definitely in the long term.
Nico Uys Yes Indeed if you have the resources or the access to resources. Then a definite yes.
Ronel Jacobs People with enough capital and or security still are able to buy good properties, rent it out for passive income.
Jannie Conradie Property invester for 30 yrs. What's new?
Ben Nyirenda I am a property investor!
Sarie Lapping There are always opportunities to make money out of property investments
Mzu Mthombeni Two or three bedroom units in secured complexes are the way to go,given the prevalence of crime.
Lindiwe Jacqueline Maseko There's continuos profit with property, because one sells at a higher rate than they bought for at all times after property has been kept for a couple years of course.
Desiraye Naidoo The Property market is now booming.
Patrys Pienaar Property is always an investment.
Dlamini Thobile I have found that if you buy the right type of property at the right location and price you never go wrong. You also need the support of the best service providers(bond originators,leasing agents,trust accountants, etc)
Johan Smith Yes. It's definitely still possible - depending on your cashflow position.
Corrie-Anne Howard When things are tough, there is always a chance to make money. Just keep your wits and don't make hasty decisions.
Berman Nkomo Yes, it is possible to make money from property investment is SA
Jan Muller Buy for long term investment,letting houses at good prices market is lively.Prices between R500,000 and R800,000 and in respectable tounships.Select tennants with good references.Prices Property prices will turn middle end next jear (2010)
Sam Matsimbi Yes it is still possible to make money with property
Damian Potgieter Yes,property is still the best business on this planet. Everything that we do,all revolves around land. Land is God-given,man cannot make land.It has become man-made law to purchase land.
Sammy Mmotlana The property market will pick up for south african investers & let's hope the economy also gains momentum. Tough times will be over soon, let's keep the faith & work hard. More love..
Bev Whittaker I think, more than often, it's the time to buy investment property NOW
10.27% said
NO
you cannot make money
NAME COMMENT
Francois Brand My answer is no, because to get finance for buying property one has to go to the banks and they hide behind the new FICA rules. For people with cash there is certainly bargains to buy as a result of the economic slump where houses is taken back by the banks.
Calie Venter I did have bad experience regarding property in South Africa. At moment it is just the guys with alot of Money that still makes money.... The more you have the more you will get...
Henri Barry Not for the next 2 years till the credit crunch dissaspears
Phyl Russell My answer is a definite NO. In the present climate --- I have two rental properties ..... tenants are behind in rent , tenants have buggered up the properties, the taxman then takes his slice. Everyone charges the earth - from the rental agent, caretaker, plumber, electrician - whoever you have to call in for the repairs. Tenants are PIGS. and I am having to heavily SUBSIDIZE the one property. Selling is not an option -- no buyers and and who can afford the 20% deposit?
Lerato Masoeu I think with the interest rate not being stable its next to impossible to make money in property investment in south africa
Gerhard Rademeyer Not even buying the property cash and the current capital growth estimate of lets say 3%, plus leasing affordably , will you be able to get on investing in low risk like moneymarkets giving 10 % for 9 months. You have to lease and also sell to get cash profits beating money markets .
Patrick Bobby Sebotsa Most of the 'White" owned companies are dominating this industry and they pretent to adhere to Government BBE Policy but at face value. These compnies still sidelined Black people who are venturing in this market. For instance, Treoc.com is racists morethan any thing and they persistently recruite blacks but they do not assist at all. I do not see black people breaking the barries of this indutry because it is meant for whites only. Even the Banks find it diffuclt to finacially support blacks who are in or intend to enter into to this Property Investment.

If you have any suggestions and opinions about these comments, you are most welcome to share it with us. Please contact us to send us your valuable input.

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