housing forum_16 march 2016_bovain macnab

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

SHAC!

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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SHAC!

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

SHAC!

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

SHAC!

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

www.sibama.com