In partnership with FNB Rebosa Launch | July 2012 | Slide No. 1 - - PowerPoint PPT Presentation

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In partnership with FNB Rebosa Launch | July 2012 | Slide No. 1 - - PowerPoint PPT Presentation

Jul 12, 2023 503 likes •656 views

In partnership with FNB Rebosa Launch | July 2012 | Slide No. 1 First National Bank a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20). Challenges of a post-boom Property Market

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SLIDE 1

Rebosa Launch | July 2012 | Slide No. 1

First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).

In partnership with FNB

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SLIDE 2

Rebosa Launch | July 2012 | Slide No. 2

Challenges of a ‘post-boom’ Property Market

  • Integrity under threat
  • Costs perceived to be too high
  • Huge inefficiencies
  • Tough economic cycle
  • Consumers under pressure
  • Competition is not always healthy
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SLIDE 3

Rebosa Launch | July 2012 | Slide No. 3

Consumers under pressure

20%

0% 5% 10% 15% 20% 25% 30% 35% Q1-2008 Q3-2008 Q1-2009 Q3-2009 Q1-2010 Q3-2010 Q1-2011 Q3-2011 % of Total Sales

Downscaling due to Financial Pressure vs Upgrading

Percentage of total sellers downscaling due to financial pressure Percentage of sellers selling in order to upgrade

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SLIDE 4

Rebosa Launch | July 2012 | Slide No. 4

Consumers under pressure

74.6 5 7 9 11 13 15 17 19 21 23 25 40 50 60 70 80 %

Household Debt to Disposable Income Ratio vs Interest Rates

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SLIDE 5

Rebosa Launch | July 2012 | Slide No. 5

Huge inefficiencies

15.6

4 8 12 16 20 2005 2006 2007 2008 2009 2010 2011 2012 Weeks and Days on the Market

Average time that a property is on the market

Weeks and days that the average property is on the market before being sold Smoothed

88 10 30 50 70 90 2004 2005 2006 2007 2008 2009 2010 2011 2012 %

Proportion of properties sold at less than asking price

Percentage of properties sold at less than asking price Smoothed

  • 11%
  • 12%
  • 12%
  • 11%
  • 12%
  • 11%
  • 13%
  • 13%
  • 11%
  • 18%
  • 16%
  • 14%
  • 12%
  • 10%
  • 8%
  • 6%
  • 4%

2010 2011 2012

Average Percentage Drop in Asking Prices

Average percentage drop in asking price by sellers required to drop their price to make the sale

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SLIDE 6

Rebosa Launch | July 2012 | Slide No. 6

Unhealthy market balance

25 30 35 40 45 50 55 60 65 70 75 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Index Scale 0 to 100

FNB Valuers Residential Market Strength Indices

FNB Valuers' Market Strength Index (Scale 0 to 100 where 50 indicates a balanced market) Demand rating (scale 0 to 100) Supply rating (scale 0 to 100)

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SLIDE 7

Rebosa Launch | July 2012 | Slide No. 7

Non-existent capital return

2.0%

  • 8.7%
  • 20%
  • 10%

0% 10% 20% 30% 40% Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12

FNB vs Absa Real House Price Growth

FNB Real House Price Index - year-on-year percentage change Absa Real Average House Price (CPI adjusted) - year-on-year percentage change

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SLIDE 8

Rebosa Launch | July 2012 | Slide No. 8

Be with FNB, the MORE GIVE bank

  • eWallet
  • Pay2cell
  • Cardless Cash withdrawals
  • Geopayments
  • FNB Facebook Voucher
  • FNB Connect
  • FNB.mobi
  • dotFNB
  • Instant Accounting
  • FNB Banking App
  • Biometrics with Home Affairs
  • Fuel Rewards
  • eBucks
  • FNB Smartphone/Tablet Deal
  • Wholesale Online Life insurance
  • Smart Chip and Pin cards
  • Property Barometer
  • Twitter as a banking channel
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SLIDE 9

Rebosa Launch | May 2012 | Slide No. 9

The future of banking

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SLIDE 10

Rebosa Launch | July 2012 | Slide No. 9

The future of banking

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SLIDE 11

Rebosa Launch | May 2012 | Slide No. 10

5,800 Mar-09 May-09 Jul-09 Sep-09 Nov-09 J a n-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 J a n-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 J a n-12 Mar-12

Number of Properties Sold through Quick Sell from FNB

Quick Sell

  • The most successful innovations

address the needs of the customer

  • Often, a partner is needed to fulfil

those needs

  • Hence, the success of Quick Sell

is achieved through successfully partnering with the experts

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SLIDE 12

Rebosa Launch | July 2012 | Slide No. 11

Property Leader

Preapprovals Valuations Area and property info Advice Finance

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Rebosa Launch | July 2012 | Slide No. 12

In partnership with FNB

Education

  • Assist with eLearning (Host, facilitate and contribute to

education of the business owner and his/her employees) Governance

  • Accreditation and endorsement of Real Estate Businesses

and Estate Agents Partnerships with the industry

  • Quick Sell, Property Leader
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SLIDE 14

Rebosa Launch | July 2012 | Slide No. 13

Thank you,

Clinton Martle Property Leader Manager Western Cape Ewald Kellerman Head of Sales First National Bank Home Loans Twitter @EwaldKellerman