Good News For First-time Property Buyers And Property Investors

There is good news for first-time property buyers and property investors as National Treasury has adjusted property transfer duty brackets. According to the 2025 budget, transfer duty brackets change by 10 on property purchases of less than R1.210 million. This means that there will be no transfer duty payable on these properties.

The 2025 budget was the first budget delivered under the new multi-party Government of National Unity .

Economists say the budget prioritises fiscal consolidation while investing in infrastructure and supporting vulnerable households. They have described it as a compromise budget.

The 10 adjustment is positive news for residential real estate players including developers and Real Estate Investment Trusts with large residential exposure.

FNB Integrated Advice Product Head, Ester Ochse, says, "Interestingly, what has happened, and which is good news for the consumer out there, specifically the ones looking at their wealth creation journey through property purchase, there has been a bracket creep change on the transfer duty of property thats been upped by 10."