 I'm Julia Chen. I'm a restaurateur living in the Cape Town City Bowl. My restaurant, Hallelujah, is situated right in the heart of the city. Over the last few years, the influx of young professionals has created so many new and exciting things to see and do. The rejuvenation of the city has been something really special to experience. And I'm a restaurateur living in the Cape Town City Bowl. My restaurant, Hallelujah, is situated right in the heart of the city. Over the last few years, the influx of young professionals has created so many new and exciting things to see and do. The rejuvenation of the city has been something really special to experience. Hi, I'm Alan Footman. I'm a sports tour operator from Cape Town. My family and I have been living in the southern suburbs for 21 years. What we love about the neighbourhood is it's very family orientated. Lots of things for the kids to do, especially here where we are next to the farm where folk can walk the dog, go for runs and enjoy the fresh air. In the southern suburbs we're lucky enough to have some of the top schools in the country and on top of that we have the University of Cape Town, one of the most famous universities in the world. What is a bank at a time like this? In a world filled with uncertainties where lives are put on hold, business paused and working together means. What is a bank at a time like this? In a world filled with uncertainties where lives are put on hold, business paused and working together means staying apart. At Apsa, being a bank means staying connected. It means being a part of your future, providing relief at a time of need and doing this through effective secure online platforms. It means staying in touch whenever one else seems distant. Being a bank means knowing that we've come from far and are yet to go further. We are good, Forte says I am good. And that possibly this could be a time for a new beginning, an opportunity to reflect and rebuild. We are alongside you, helping you to finance your dreams and grow your legacies. We are in this together. Rigaofeela says okay. Once as Amal San, that is African Lassity. We made it to yet another Friday, I don't know if that still makes a difference to so many of us who are in lockdown this level three, even forget which level we're in. I think so much time spent in the bus that we probably lose track. Now it is of course youth month and there's so much we can talk about when it comes to property and young people as a young person myself. I love connecting with young people and talking about property. Talk about some of the opportunities that are there specifically for us and really how we can also collaborate. I think one of the things that as young people, we love doing is working together and finding ways that we could build whatever it is that we're doing in our respective corner. And on the weekly future that we typically have absolute, we've decided to bring in a young person so that we can look at some of the opportunities that are there in the property sector. Now for this evening, we'll be looking at how young professionals can start playing a role in the property market and looking at some of their sentiments around the market, what interests them and what it is that they're doing. And of course, we're probably wondering who I am speaking to. And of course, I'm joined by Ontari Senma Mahabo, who is the chairperson of the Cybib Young Professionals as well as chairperson of Cybib Student Chapter and probably wondering what is Cybib. So that is the South African Institute of Black Property Practitioners. Tabi Sen, thank you so much for joining us this evening. Thank you for having me, Zema. So I think before we even start with our conversations, to viewers at home, do you send in any questions or comments, maybe a young person, you still have a lot of question marks around how you can break into the property sector, whether it's as a buyer or an investor, or perhaps at a professional level. And of course, later on on the show, we're going to be announcing those two lucky winners. We're going to walk away with that 1,000 grand prize, who absolutely do not want to miss it. Tabi Sen, people who probably don't know what Cybib is, what they do, what is Cybib. Before we even talk about the young professionals, the student chapters and the work that's done in that space, what exactly is Cybib? So Cybib is the South African Institute of Black Property Practitioners, as you mentioned earlier on. It is a 24-year-old advocacy group, and it was created by really the legends of property in our country back in the 1990s, and they really are tasked with advocating and facilitating for the inclusive growth and transformation of the property industry, and that's what we do. We educate people about the property industry, and we assist with transformation in the space. And before we even look at the student chapter and the young professionals, what are some of the ways that Cybib has essentially done some of the advocacy work or some of the projects that they have done over the years? So I can actually just touch on what's been happening most recently. So, you know, with lockdown, a lot of property professionals were locked out of their ability to continue to do work, and Cybib was actually advocating for them to participate in earlier stages. So initially, you know, estate agents would have been starting at level two, and we were one of the groups advocating for them to start participating a lot earlier, particularly because, you know, a lot of estate agents are commission workers. So a lot of people were left stranded. A lot of industries, you know, weren't working in our section, so we were advocating for them to participate. We were also advocating for members in the property sector to be able to access their UIF through Cybib. So we definitely tried most importantly to drive participation and to help our members be able to access the market efficiently. I think we certainly do appreciate the work that a Cybib and other organizations did in ensuring that property practitioners are able to work as early as level three. And our support was also one of the organizations we previously even interviewed the CEO of GrowthPoint around the formation that essentially as different big players, they came together and said they wanted to make sure that they somehow provide a cushion for the sector because it's very heavily affected, especially the commercial space. So trying to find ways to work with tenants and landlords, and this is commercial tenants and landlords, in ensuring that they're able to weather this economic storm because the reality is a lot of them may not be at their offices because of course they can't access them because of the lockdown. And some certainly the retail clients are already going to be there, but there might not be seen revenues that are similar to when we're not in lockdown. So they certainly also needed a bit of relief from their landlord. So we've seen the type of work that organizations like Cybib and the role that they played in ensuring that certainly members of their particular sector are assisted during this lockdown and relief is provided as early as possible. So that's now essentially the mother body. Let's keep talking about young people, both you and I are young and we're quite passionate about property. I know that the young professionals, I'll say forum or the young professionals part of Cybib was launched not so long ago. I mean, I saw the work on social media and I thought this is the kind of initiative. When I looked at it was like, this is the content I signed up for. This is the kind of content I want to see regularly. Maybe share with our viewers at home, what is Cybib Young Professionals and what the mission or the vision behind having young professionals as part of Cybib be there and even going as far as launching that particular part of the organization. 100%. So in order for me to be able to talk about the Cybib Young Professionals, I have to take a step back and talk about our student chapters. So we actually started in 2017, that's when we launched our first student chapter and that came out of a need of knowing that, you know, there were a lot of students that were studying property but didn't really know what to do in the industry once they had studied. We didn't have access to people that were in the industry. We didn't even know that people that looked like us existed in the industry. And so the point was to bring the industry closer to students and we started off at the diversity of the Vedvatisrant. We then went to the University of Johannesburg and then we launched the University of Pretora and the University of the Boko. And once all of that was done, we realized that, okay, now we've left university and we've built all of these societies and all of these students are flourishing and they're banding together and learning. But once you get into the industry, it's a bit quiet. You know, the current bodies that exist are a lot older. So you get to a networking event and everybody is like 35, 40 plus. And I mean, 35 is still young, but a lot of them were much older. So if you're a 22 year old, just entered into the market, you don't have a peer that you can relate to. You don't have anybody that you can ask questions to. So we thought, okay, let's start. Let's create this, which gives us space to ask questions, which gives us space to be free, to grow and to create a community where we hold each other accountable but also propel each other's careers. Then we realized that, but there's more to this than just, you know, as professionals in the industry. If we want to transform the property industry, we have to be aware of the fact that the people that are participating in it aren't just people that study property related degrees. It's everybody that is renting property, that is buying property. Everybody that is interacting in property in some way or another is effectively somebody that we need to be talking to. And so when we launched, we thought we want to ensure that we propel the careers of our members as entrepreneurs, as employees, whilst transforming the industry and sticking to our roots. And that's who we are. And then so what are some of the work that certainly as the young professionals weighing off the organization, you essentially look into doing? So like you mentioned, we launched early on in the sea. So we launched in 2019. And from that point in time, we've actually been running a series of webinars with the point of educating people about the property industry. So the first webinar that we hosted was around, you know, employment and career growth as well as entrepreneurship in the industry. And in that webinar, you know, we were profiling people in the industry. We were talking about the challenges based on the industry and how you can career proof yourself to a certain extent. Thereafter, we started talking about, okay, now how do you participate in the industry? How do you buy first property? What do you need to know about buying your first property? And, you know, we even had apps in the, talking about their product, the young professional product and how it works. Most recently, we were talking about managing your portfolio. And so we are more than anything educating people because an educated buyer and an educated participant is somebody that is far more valuable to the industry than somebody who's going in blindly. And you can't really transform the industry with people going in blindly. So we want to ensure that, you know, our members and the people, the general public are informed and equipped to make the right kind of decisions when it comes to property. I am joined by Interpreter Mahabo, who is the chairperson of the cyber young professionals as well as a cyber student chapter. We're talking about some of the opportunities that are there for young people in property, whether it's, you know, something that you've studied, something that you're interested in, perhaps your property entrepreneur and your young person. And we don't want to find a community of other young people who are in the space who can help you, whether it's, you know, networking purposes, understanding the sector better than this is the episode that you simply do not want to miss. And I think, you know, instead of saying, I think as young people who often and we're even chatting offline, often don't know where to start. I mean, you might perhaps already have a degree that you studied, it's not in property, but you have an interest in, you know, stepping into the property sector, perhaps, you know, building your portfolio a little bit. What would you say are some of the best ways or potential ways that young people can get into the market, certainly as either buyers or investors, perhaps not so much professionally, because I don't think everyone necessarily wants to go into property from a professional perspective, but certainly those who are looking at investing or buying or really making use of property as an asset loss. So I love the question, it's a very important question. I'll firstly start off by saying that because everybody in some way or another needs to participate in the property industry, because you'll always need a roof over your head to live in and to work in, you all have to be educated in property in some way or another. So I would first start off by understanding why it is that you, by understanding how you participate in the property industry as a person. And then knowing what it is that you want to do in it. So if you're trying to invest, start off by educating yourself. Understand what it means to be an investor. Understand why you are investing. Are you investing because you want capital growth? Capital growth being you want your property to be worth, I don't know, 10 million Rens in the next 10 years. Then you need to understand, you know, the type of property that you should buy. Are you investing because you want cash flow? You know, do you want money in your account every single month? Then you need to know, okay, I need to buy a different type of property, but you need to be able to have a source of that information. And there are lots of courses that are available that can help you with that. We as cyber run courses, but there are things online as well. You're supposed to run things, but the university runs different things. The university of Pretoria runs different things. So there is information available. It is far more important to make sure that you're informed and to make sure that you know what you're doing than to just jump in because property is expensive exercise sometimes. If you're not going into risk or something like that, investing in property can be very expensive. So you don't want to make the mistake of just going into something because you thought it was a good idea and you weren't prepared information-wise. So I definitely recommend informing yourself first and then secondly understanding your affordability. Can you afford to go into what it is that you want to get into? And if you can, great. And if you cannot, can you wait? Because again, to my point earlier, property is expensive. And it's not the type of, it's not always easy to get out of a property-related debt, so to speak. And I think that's such an important one. I think one of the big things certainly and number of different guests that we've had right here on the Private Property Podcast have reiterated time and time again the importance of educating yourself, doing your research, using resources just like the Private Property Podcast to find out as much as you can about investing in property or buying your first home. Before you sign on that dotted line because it's going to save you thousands of rounds, especially if you're able to negotiate, let's say an interest rate less 0.5%, you're really going to have quite a massive saving over the years. Now, you know, Tepes, what would you say perhaps some of the trends that you've seen from young people and or young professionals when it comes to, let's say they're renting behavior? I mean, we're often dubbed the renting generation and for many different reasons. I mean, for one, the barrier of entry into the property space is quite real. In some ways, in South Africa, perhaps we're slightly more fortunate than some of our friends that say Australia and the US and Canada and the UK where property prices are like shockingly high and accessing those markets seems almost impossible that people end up staying with their parents until they are well close to 40. You know, what are some of the trends that you've noticed certainly from young professionals when it comes to the renting and the buying space? It's interesting. So as a young professional myself, I am in the space where a lot of people that I know are having to rent close to work because you don't necessarily want to live far. Traffic is a bit of a problem. So we're renting close to work but also renting with people. You know, there are lots of people that are sharing accommodation because it's just too expensive to live by yourself. People are still living at home. People are living at home with their parents because again, it's just too expensive to live by yourself. And if you do live by yourself and you do live a little bit further out, you know, there's the issue of having to travel which is not always easy for a lot of people because that's additional dates in the form of a car or whatever it is that you might need in order to be able to get to work. So I think you find that a lot of people are actually eager to be in work and play spaces. So Aimee Boning, for example, is a good place for people to be. If you know that work is nearby, you want to be able to live there. You want to be able to walk downstairs and walk to work. You don't have to buy or own a car, for example. But then at the same time, you know, if you were trying to replicate the same thing in a Melrose Arch, you wouldn't be able to do that because it's just so much pricier to do that day. So we're definitely finding that millennials and young professionals are money conscious. We understand that money doesn't grow in trees. And so we're trying to find ways to accommodate ourselves meaningfully and in good spaces, whilst saving money. We're going to go to a quick break and then we'll come back, we'll be exploring some of the different opportunities that as young people, we can take advantage of in the property space. Remember, we are going to be announcing that winner of the $1,000 prize. We have two winners that we're going to be announcing. So you certainly don't want to miss that one. And if you have any questions and comments, I've already seen quite a few that have come in, do keep sending them through. We're looking at opportunities for young people in the property space. I'm course joined by, I'm kind of saying Mahabo who is the chairperson of the cyber young professionals as well as cyber student chapter. We're going to be back just after this. What is a bank at a time like this? In a world filled with uncertainties where lives are put on hold, business paused and working together means staying apart. At Apsa, being a bank means staying connected. It means being a part of your future, providing relief at a time of need and doing this through effective secure online platforms. It means staying in touch whenever one else seems distant. Being a bank means knowing that we've come from far and are yet to go further. We are going to go further. And that possibly this could be a time for a new beginning, an opportunity to reflect and rebuild. We are alongside you, helping you to finance your dreams and grow your legacies. We are in this together. We are going to fail. We are going to fail. Once as almost done. That is African Nasty. Property Podcast. I'm your host, Uzaman Donga. This evening I'm joined by Tavisen Mahabo, who is the chairperson of Saibib's Young Professional and the Student Chapter. We're talking about the different opportunities for young people in the property space and really some of the trends that they've picked up that as young people we are falling into when it comes to property. This of course youth month. And throughout the month, there'll be different young people that we'll be profiling and speaking to and really seeing some of the incredible work that as young people we're doing in the property space. And I think one of the big things as far as also share some of the lessons that we've learned along in our property journey. Now Tavisen, of course, viewers are sending through some of their questions and comments and we'll get to them just now. I think one of the big things is perhaps, in the event where there are young people who are looking to, especially young entrepreneurs, who are looking to get into the property space, are they able to access Saibib Young Professionals? I mean, certainly the Student Chapter you have to be a student of that university. But how do people become members of Saibib, especially young people, become members of the Young Professionals? Do they already have to be professionals in the property space? Or you can be an entrepreneur who has an interest in property. How do they go about doing so? So you can reach out to us on our website. So saibpp.co.za. There is a breakdown that explains how you become a member. No, you do not have to be somebody that studies property or somebody that is already a property professional. It is for everybody that wants to participate in the industry. And one of the nice things about being a member is that you get to know about our offerings, especially when it comes to educating people about property. So currently, we've just partnered with Carlo, who is the property coach. We've got a course running right now, teaching people about how to become property entrepreneurs and how to participate in the property industry. So there are various ways in which you can participate and learn about us, but also you can find us on social media. We're very young. So we're very accessible on social media. We're on Instagram. We're on Twitter. We are on LinkedIn as well as cyber young professionals. And I think we've certainly posted those details right here for people who are watching on our Facebook page. So you can always go through to the post just here below and you'll be able to get all of those details. Now I'm telling you, I mean, this is the first week of youth demand. And I know every year we certainly commemorate what the youth of 76 did. And we also put on the spotlight different young people, quite to the exception any while. And there are various conversations that we had there around young people, whether it's in different sectors or about their careers, the opportunities or lack thereof. And some people are like, why are we even doing this? It should maybe just be business as usual. What would you say, you know, is the importance of representation of young people, especially in organizations such as cyber? So everywhere you go, young people are change makers. If you think about the youth of 1976, they were people who saw something and decided that, nope, this is not going to work for us. We need to make a change. And so even in the property industry, you find that transformation happens and change happens because of young professionals. When I think about some of the trailblazes that I'm aware of in the industry, I think about the people who have created something called Deepify, for example, which is a financial app or rather industry that helps you rent property without actually having to pay for a deposit. That's run by a young man by the name of Victor Mota. There is Balismoloi who's working in Parkap. And there are so many people that are disrupting the property industry and they're young, they're youth. We think different. We attack things a little bit more differently. And that's why our representation is so important. Things will remain the same if we don't participate. Things will not move if we don't participate. And so we are required to kind of shake things up every now and again. And I know people aren't always comfortable with disruption, but so be it. It is very necessary in order for things to move forward. And that's so important. And certainly as a young person, myself, I think one of the big things is we often complain about how as we're growing up, we're taken as young people, young people, young people. And you have to almost do a skip to, okay, now you're suddenly an adult and you must have all the answers, whereas there was never really adequate opportunity for even that transfer of skills. So as we're growing up, as we're acquiring all these different skills, we certainly almost need, whether it's mentorship, you need sponsors, to be able to assist you on your journey. We don't want to wake up the day we're 36. So when we're no longer part of being classified as youth in this country, then have to hit the ground running. By then you certainly want to have gotten comfortable in whatever it is that you're doing, especially if you're thinking property. Perhaps by then you want to have already bought a few of your properties and learned a few lessons along the way that you can use as you're now entering the later part of your 30s and want to scale your portfolio or grow the particular property business that you have. Now let's get to some of the tips. I think one of the big things certainly as young people is we like sharing our skills, we like sharing the knowledge that we have and we certainly do use social media as we're saying whether it's Twitter, Insta, Facebook, to really share some of the resources and tools that are working for us in order to help each other out and make things better for each other. What tips would you provide or give to young professionals or young people who are looking to firstly to buy so they've never bought and they're looking to buy and then secondly those who actually want to go into the property profession? So I'll start with the people that want to go into the property profession and then I'll go into the people that want to buy or start participating as investors. If you want to go into property profession definitely educate yourself. Unfortunately currently there aren't very many universities that offer education and property education right now in the country, which is very disheartening. So it'll be your big universities, your university, your university of Cape Town, university of Pretoria, and that's university of Cozumnetta and that's pretty much it. But your universities of Lombopoul for example don't necessarily have that and that's something that we need to also help drive to ensure that everybody has some type of access to education. But for now those universities have existing knowledge. You can also participate in some of the courses that we offer as Saibib and some of the courses that are offered by other providers as well. Saibib has an entrepreneurship course with the university of Cape Town actually. So we are providing access to education so that people can start participating. Then obviously let's move on to the investor. So if you are an investor as I touched on previously you have to know why it is that you're investing and that's going to inform the kind of information that you're going to go looking for. So again, if you're trying to buy a property for the purpose of capital growth you don't necessarily want to grow a portfolio you just wanna buy something and own it and have it as an asset. Definitely understand that location, location, location is very important. So if you're buying somewhere where you want the property appreciation to grow you need to know that you're expecting something to happen in the area. Property prices are going up in the area perhaps because the cloud train is going to come or a shopping center is going to come or it's near the highway so there's access to roads or it's a gated community for example. That's how you know that those areas are going to grow in property value. Then at the same time if you're looking for something that has high rental yield for example then you're looking for something that's close by to employment nodes. That's when you know that okay there definitely always going to be people needing to live there because they need to get to work. So you know that okay this is the type of place that I need to invest in because I want to be able to get tenants because those are the people that are going to cover my rentals. But also again if you aren't able to necessarily go in and buy property you can look into other things. You can go and invest in REITs, Reader State Investment Trust. These are listed companies that deal in property that you can invest in. So you don't always have to go directly into property in the sense that you are buying it's the physical asset. You can buy a piece of the property in the same way as you buy shares in any other kind of business. And that's also a way of forming an investment in property. And you know one of the questions that actually come in and if anything was going to certainly pick up on it on a different show is around you know Tempo Mo Pobodi who says hi I heard that Apsa has a graduate option or product with regards to home loans. I can't really remember the name of it and I know that you briefly sort of mentioned it. I think it's that young professionals home loan. If you can just tell us a little bit about it. So my understanding is that Apsa has this product that allows you as somebody that has a degree or has a professional degree that you are then able to access their home loans division and get you know 105% or up to 105% on your bond to purchase property. They also give you wonderful perks such as reduced rates when you are dealing with attorneys as well as a take a lot voucher to help you furnish your property. And so that's one of the ways in which you know industry is trying to ensure that they're putting keys in the hands of young professionals. Like we're creating something like that because you know as a young professional you've just started working. So you still need to build a credit record. It takes a little bit of time. And so they're making that a little bit easier for you by really seeing potential in you now before you actually reach it. And Sapo, we're certainly going to have a different show where we explore that particular product the different ways that it works perhaps what some of the requirements are because I'm sure certainly a lot of young professionals who are watching right now want to know because a lot of us search for different home loans that suit our needs as in terms of saying you know you've just started working and you certainly have other responsibilities and perhaps one of the things that's your goal is to buy yourself your own property. And so you certainly want to be able to choose the right bank but also choose the right product within that bank that will you know help in you fulfilling that goal of yours and taking it off on that list. And I'm just saying we're going to leave it there for this evening. Thank you so much for joining us. I think for any of our viewers at home who want to get in touch with Sapo whether it's the young professionals or the student chapter their contact details are right here below. So you're more than welcome to reach out to them and really have a look at I follow them on Instagram so I'm always up to date with the different webinars that they host and some of the topics have been quite insightful. I think they're very helpful certainly as a young person who's interested in property you're able to learn quite a lot from different industry leaders. Tabisene thank you so much for joining us. Thank you so much for having me Zema. And I think over the weeks we'll certainly you know reach out to Tabisene and even perhaps interview some of the members that are part of Sapo as she said a lot of them are young trailblazers we certainly want to be able to see what young people are doing in property and not just for youth month but as we go on to the other months as well really being able to see what young people are able to or how young people are able to take advantage of some of the opportunities that they are finding in the market is quite remarkable and more than anything a platform like this is certainly what they need and what we need to be able to see the strides that they're making in the property sector. Now I did promise that we're going to be announcing today's winner of course that is the winner of that 1,000 grand prize we're giving away to two lucky viewers at home and all they had to do was to subscribe to our YouTube channel on YouTube so all you had to do was go on to YouTube look for the private property YouTube channel you know subscribe to it take that screenshot and then share it and you sort of chance of winning that 1,000 grand prize and I'm going to announce the first winner I will just keep saying I wish I could participate in these competitions 1,000 grand I think would go quite a long way given the fact that we're indoors and there's not much activity going on but with that much delay the first winner and somebody that I'm sure a lot of us have heard before because I've read some of their questions so regular viewer as well and that first winner is Stephanie Love Whitboy Stephanie congratulations that 1,000 grand prize is on its way I almost want to slide into your DMs say maybe give me a little pat of it and of course we did say it's two winners who walk away with that 1,000 grand prize and so the second winner of the 1,000 grand cash prize is Alita Walsh Alita congratulations for that 1,000 grand prize and both of you congratulations I think this is a great way to start off your weekend you know that you're going to be walking away with that 1,000 grand prize so I've used it all thank you very much for watching us we're going to be continuing with this competition and I did promise that when I find something something big when we go to when we reach episode 50 so you don't want to miss any episode because we'll be announcing it right here on the private property podcast I hope that this weekend you're going to stay at home and stay safe and we'll be back on Monday with the private property podcast but remember this weekend you can watch Mondays on the developers show so that is tomorrow and Sunday you don't want to miss it there'll be beautiful complexes and states that are going to be profiled if you already want to put a few images on that virtual vision board this is a show that you want to be watching and looking out for getting really great ideas about some of the features of the different states that we'll have on but until then, I'll be back on Monday Hi, I'm Brian Kappa I'm a 10 times South African Motorcycling Champion my family and I have chosen to live in four ways there's some really great suburbs in our neighborhood there's a lot of families living in the surrounding areas in places like Lone Hill and Cedar Lakes what draws people to Cedar Lakes is that it's so close to Broadacre Shopping Centre Cedar Square and Four Ways Life Hospital Lone Hill is a major draw card for many families it's got some great smaller commercial centres and some fantastic schools like Crawford College from an entertainment point of view Montecassino really comes alive at night there's so much on the go and there's an incredible energy in the area our family just loves the fast paced lifestyle that Four Ways brings but honestly, the thing that attracted us most to this area was the active lifestyle that it offers as a family, we've chosen to live in Four Ways because of the lifestyle and convenience and this is our neighborhood what is a bank at a time like this? in a world filled with uncertainties where lives are put on hold business paused and working together means staying apart at Apsa, being a bank means staying connected it means being a part of your future providing relief at a time of need and doing this through effective secure online platforms it means staying in touch whenever one else seems distant being a bank means knowing that we've come from far and are yet to go further said we are good there, Forte says I am good there and that possibly this could be a time for a new beginning an opportunity to reflect and rebuild we are alongside you helping you to finance your dreams and grow your legacy we are in this together Rigao Fela says okay once as Amazon that is African national