CO-CREATING FUTURE HOUSING

Strengthening Emerging Urban Property Markets: Creating Opportunity

SHAC! – Suburban Housing Action Campaign (NPO)www.sibama.com

19.00 Wednesday 16th March 2016Top Floor, Media 24 HO, Cape Town

SHAC!

Bank Maladministration and the Rule of LawIlitha Park, Khayelitsha

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Bank ‘successes’‘Successful’ Eviction

Ilitha Park – February 2009

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SANCO Sanctioned ‘Chair to Chair’

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State MaladministrationField of Dreams

Mandela Park – October 2008

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Transaction Cost Table2016

Property Bond % Transfer Conveyancing Bond Total %Price (PP) Duty Cost Cost Cost of PP

50 000 0.0% - 6 500 - 6 500 13.0%100 000 100.0% - 6 500 3 600 10 100 10.1%250 000 100.0% - 6 700 4 500 11 200 4.5%500 000 100.0% - 9 700 7 000 16 700 3.3%

1 000 000 100.0% 12 000 15 600 11 700 39 300 3.9%2 500 000 70.0% 117 000 24 300 15 000 156 300 6.3%5 000 000 70.0% 317 000 38 800 25 900 381 700 7.6%

10 000 000 0.0% 717 000 53 200 - 770 200 7.7%

www.conveyancing24.co.za

(to nearest R100)

Market Analysis and Fluidity

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CMA Data 2015

Suburb Sales Erven Percent Vacant Percent AV (Rk) MV (Rm)

Camps Bay 80 2023 4.0% 197 9.7% 12 700 25 500 Observatory 106 2388 4.4% 35 1.5% 1 850 4 400

Ilitha Park 47 3663 1.3% 337 9.2% 350 1 300 Mandela Park 27 4862 0.6% 696 14.3% 175 850

Du Noon 7 3014 0.2% 21 0.7% 175 550 Parklands 472 6209 7.6% 294 4.7% 1 200 7 300

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End – Thank YouSHAC! – Suburban Housing Action Campaign (NPO)

www.sibama.com