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Wakefields Durban North Newsletter
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Feb 2026
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From my desk to yours...
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Hi Subscriber,
South Africa’s 2026 Budget brings measured but meaningful relief for the property sector. Increased Capital Gains Tax exclusions, including a higher primary residence threshold, reduce the tax impact on property sales and estate planning, offering greater flexibility to homeowners and improved return potential for investors. At the same time, stronger revenue collection has allowed government to withdraw proposed tax increases and keep VAT and corporate tax unchanged, helping to protect consumer spending power and business confidence. While not a dramatic shift, Budget 2026 reinforces stability and creates a more supportive environment for sustained property market recovery.
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Myles Wakefield | CEO
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Wakefields Real Estate
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| Chairman's Choice |
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| R13,995,000 |
| residential |
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| Exclusive Modern Oasis in Hawaan Forest Estate |
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| Hawaan Forest Estate is an exclusive eco-focused residential estate in Umhlanga Rocks on the north coast of South Africa, developed alongside the ancient... |
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| residential |
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| R5,200,000 |
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| 5 Bedroom House For Sale in Umhlanga Ridge |
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| residential |
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| R1,275,000 |
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| 1 Bedroom Flat For Sale in Prestondale |
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| One of Our Own |
| Agent of the month |
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| Isabella and Georgina Simmons |
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| Premier Property Practitioner |
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| Registered with PPRA (FFC 1155016) |
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| 082 853 3373 |
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| igsimmons@wakefields.co.za |
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| ARE YOU READY? |
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| Wakefields is opening the doors to multiple properties across KZN in one powerful showcase. Whether you're house-hunting, investing or just exploring what’s on the market, this is your chance to view a range of homes in one go. Don’t miss it! |
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| Latest News |
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| KwaZulu Natal Property Market |
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| COASTAL REGIONS LEAD THE WAY |
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| South Africa’s coastal provinces are emerging as clear frontrunners in the housing market recovery, and KwaZulu-Natal... |
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| SMALLER DEPOSITS ARE TRENDING | BUT SAVING STILL MATTERS |
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| One of the most interesting shifts in 2025? Deposits are getting smaller. |
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| FIRST-TIME BUYERS ARE BACK! |
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| After several cautious years, first-time buyers are making a comeback. |
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| Residential Property News |
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| INVESTORS PREFER SECTIONAL TITLE |
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| While freestanding homes saw stronger price growth in 2025 (+4.0% vs +2.7% for sectional title), investors are clearly favouring sectional title properties. |
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| On Show This Weekend |
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| 32 Manjee Place |
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| R1,550,000 |
| VIEW BY APPOINTMENT! Just listed spacious double-storey family home |
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| VIEW BY APPOINTMENT! SUNDAY, 1ST MARCH 2026. Just listed and with a few minutes walking distance to the primary school.... |
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| residential |
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| R1,850,000 |
| Park Hill |
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| residential |
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| R980,000 |
| Greenwood Park |
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| residential |
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| R1,590,000 |
| Glen Hills |
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| residential |
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| R1,050,000 |
| Greenwood Park |
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| residential |
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| R1,350,000 |
| Durban North |
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| residential |
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| R1,450,000 |
| Durban North |
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