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Property market set to boom in KZN’s NewcastleOngoing investment in KZN’s Newcastle could trigger future growth in the residential property market, with homes selling from an affordable R400k.Property investors moving into NewcastleNewcastle is seeing high capital investment, with major retail development and an increase in confidence among residential property developers.Budget 2025: 0.5% VAT increase proposed for 2025 and 2026To raise the revenue needed, the government proposes to increase the VAT rate by half- a percentage point in 2025/26, and by another half-a-percentage point in the following year. This will bring the VAT rate to 16 per cent in 2026/27.