Steer & Co Property Group

Steer & Co Property Group Steer & Company is one of the longest established property management, valuation and estate agency c

Rent out your flat a few weekends a year? This one does not affect you 📌Cape Town has published a draft Short-Term Letti...
22/09/2026

Rent out your flat a few weekends a year? This one does not affect you 📌

Cape Town has published a draft Short-Term Letting By-law, and the noise around it has a lot of owners worried about a rates increase they will never see. Here is the line that matters.

A property counts as Business and Commercial if it is listed as available for short-term letting for more than half its annual room-nights, worked out as number of bedrooms multiplied by 365. Occasional letting remains residential, and long-term landlords are not affected by it.

The catch is that it measures availability rather than bookings, so a listing sitting open all year can cross the line even when it is rarely full.

Public comment closes 5 October 2026 ⤵️

Full breakdown of what to check on your own property: https://www.steer.co.za/residential-letting/

❗❗ This is the last week to have your say on Cape Town's short-term letting by-law 👉🏽❗❗Public comment closes on Monday 5...
18/09/2026

❗❗ This is the last week to have your say on Cape Town's short-term letting by-law 👉🏽❗❗

Public comment closes on Monday 5 October. If you own a unit that you occasionally let out, run a short-term rental, or sit on a body corporate working out where it stands, this is the point where your input still counts for something.

The City has published the full draft, an executive summary and a set of FAQs, and comments that point to a specific clause land better than general objections.

If it is adopted in early 2027, affected properties move to commercial rates from 1 July 2027 📌

Not sure where your property sits? Talk to us: https://www.steer.co.za/residential-letting/

People use less water when they can see what it is costing them 💦🧡That is the case for individual water meters in a bloc...
17/09/2026

People use less water when they can see what it is costing them 💦🧡

That is the case for individual water meters in a block of flats, and with another dry summer ahead for Cape Town, it is a conversation for now rather than for January.

When water sits inside a flat levy, consumption becomes nobody's problem in particular. The dripping cistern stays dripping, showers remain lengthy, and the scheme absorbs the bill. Put a meter on each unit and habits shift within a billing cycle or two, without a single notice going up in the lobby 📌

Sandi on our residential team has been recommending this to owners of our investment blocks for exactly that reason.

Talk to us about metering and utility recovery in your scheme: https://www.steer.co.za/sectional-title-property-management/

The tables are turning.. A well run scheme is starting to beat a house with a garden, at least on paper 🏡For the first t...
16/09/2026

The tables are turning.. A well run scheme is starting to beat a house with a garden, at least on paper 🏡

For the first time since the pandemic, the FNB House Price Index shows equity growth on sectional title marginally outpacing freestanding homes. One crossover is not a trend, but the reason behind it is worth knowing.

Running a freestanding home has stopped being cheap. Rates on a larger footprint, water backup, solar and inverters, garden service, security, and insurance on all of it. In a well run scheme most of that sits inside one levy and gets negotiated in bulk.

The catch is that not every scheme is well run. An underfunded reserve fund, deferred maintenance and a trustee body that cannot reach a decision will erode value quickly, so the title type matters far less than the discipline behind it 📌

What a well managed scheme looks like: https://www.steer.co.za/sectional-title-property-management/

Can you believe that an office block in the middle of town is now somebody's home 🏡Golden Acre is being reworked into a ...
15/09/2026

Can you believe that an office block in the middle of town is now somebody's home 🏡

Golden Acre is being reworked into a mixed-use precinct, and The Acre by Neighbourgood has turned former office floors above the shopping centre into city apartments. Studios through to two-bedroom units, shared co-working space, a gym and communal areas, with rentals starting from around R10,500 a month.

It is called adaptive reuse, and it solves two Cape Town problems at the same time. The city is short on well-located housing and carrying a lot of underused commercial space, so converting one into the other beats knocking anything down 🏙️

Our very own Nina Vass consulted on aspects of the project.

More on what CBD conversions mean for owners and investors: https://www.steer.co.za/residential-letting/

09/09/2026

There is a building going up a few blocks from our office, and it is certainly worth a look! 🏙️

City Park is bringing 10 500m² of premium grade offices, 2 500m² of retail, 1 000 parking bays, a 4 star hotel with 142 rooms and 68 branded residences into one CBD block, alongside co-working space and eateries.

The best part is that it is a historic landmark being revived rather than a cleared site. Once the concrete bollards come out along Loop and Bree and the retail is trading, this whole corner of town changes character 📌

Nina took this footage on a walk through the CBD this week.

We work right across the Cape Town CBD, from commercial space to sectional title schemes: https://www.steer.co.za/sectional-title-property-management/

Put this month's municipal bill next to your last one and you may notice a charge that has finally dropped away 🏙️For on...
26/08/2026

Put this month's municipal bill next to your last one and you may notice a charge that has finally dropped away 🏙️

For once that is good news. The High Court found the City's rates-linked charges unlawful and invalid, set them aside from 30 June 2026, and ordered the City to cover the legal costs, and because the ruling works forward, those charges stop rather than rolling into the new year.

The rest of your account carries on as normal, so we read every statement line by line to make sure anything that should have fallen away truly has.

Have you compared your last two bills yet?

More on how we support owners and trustees at www.steer.co.za/contact/

The SASRIA line on the renewal notice is the one that makes trustees pause these days, because it has climbed and then c...
19/08/2026

The SASRIA line on the renewal notice is the one that makes trustees pause these days, because it has climbed and then climbed again 📌

It is worth knowing what that line buys. SASRIA covers damage from unrest and public disorder, the kind a standard building policy leaves out, which is why it has moved into focus after recent events. The two questions that matter are whether your scheme still carries current cover and whether the sum insured would rebuild at today's prices.

Paying more for less certainty is a poor trade, so the rising premium is a reason to check the cover properly rather than let it slip.

When did your scheme last review its SASRIA cover?

More on how we protect the buildings we manage at www.steer.co.za/sectional-title-property-management/

Address

144 Longmarket Street
Cape Town
8001

Opening Hours

Monday 08:00 - 16:45
Tuesday 08:00 - 16:45
Wednesday 08:00 - 16:45
Thursday 08:00 - 16:45
Friday 08:00 - 16:45

Telephone

+27214261026

Website

Alerts

Be the first to know and let us send you an email when Steer & Co Property Group posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Steer & Co Property Group:

Shortcuts

Share

Category