Gerhard Kotzé, MD of the RealNet estate agency group, says the SONA highlighted several initiatives and projects that could be positive for the property sector going forward.

Rudi Botha, CEO of SA’s leading bond originator BetterBond, says the SONA was very wide ranging and covered a huge number of initiatives, but that there were definitely some highlights for the real estate market.

Berry Everitt, CEO of the Chas Everitt International property group, says that the very detailed State of the Nation Address dealt with all of the economic and social issues that are currently of concern to the real estate industry, including the need to rebuild investor and consumer confidence in SA, stimulate economic growth, accelerate job creation and eliminate widespread corruption.

Plans are being drawn up for the biggest housing development in the province, including homes, schools, social and work facilities, as well as an agriculture hub.

South Africa's first mixed-income housing development hits the market next month Small rental units to go alongside bigger houses.