According to the Gautrain Management Agency, it is planning to extend the rail route by 150 kilometres over the next twenty years, including routes through Randburg, Fourways and Soweto. A proposed new line will connect Mamelodi (Irene) with the current network, branching off from Sandton, Randburg, Cosmo City, the Cradle of Human Kind and Lanseria.
Pretoria’s Bus Rapid Transport System – A Re Yeng – which was introduced in 2014 – has also done much to improve transport in and around Tshwane. Dos Reis Marques notes that a number of businesses have opened along the bus routes as accessibility improved.
Don’t overestimate your property value
“While the new property developments and the proposed improvement of public transport will likely have a good impact on property prices in Gauteng in the long run, we’re finding that sellers are assuming that buyers will pay unrealistic prices for homes”, says dos Reis Marques, “Buyers are very savvy and a house that’s not priced properly won’t sell. My advice to sellers remains to ask the advice of a qualified estate agent in terms of getting a realistic valuation.”
Dos Reis Marques also advises first time buyers to get pre-approval for a home loan before house hunting; “Knowing what you can afford, and importantly how much a bank is willing to loan you, will save a lot of time when it comes to buying your first property – there’s no point in making an offer on a property you can’t possibly afford. So do your homework before you start doing the legwork.”
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