The implementation of e-tolling on Gauteng’s major highways could impact on where potential homeowners buy property, a survey has found.<\/p>\n
In the survey, conducted by bond originators ooba, 80 percent of respondents said they would consider the location of Gauteng’s new toll roads when selecting the location of their next property.<\/p>\n
Of the other respondents, 13.12 percent said they would not be influenced, and 6.88 percent said they were not aware of the tolls.<\/p>\n
“This significant majority [of respondents] is not unexpected if you take into consideration that the proposed tolls could increase an individual’s monthly expenditure by as much as R1000,” said ooba national sales manager Kevin Mountjoy in a statement on Wednesday.<\/p>\n
“The most road travel that any individual undertakes is between their office and their home, so naturally this added cost will influence where people want to live.”<\/p>\n
He said the costs of the tolls and the likelihood of being caught in traffic were “key factors” that homebuyers should be giving thought to when considering a new property.<\/p>\n
“Property buyers should take into account the location of commercial centres, schools and public transport systems when they buy property,” he said.<\/p>\n
“They should also look at where their family and close friends are located, as naturally they will be making those trips often as well.”<\/p>\n
He said that before making an offer on a house, potential buyers should drive the various routes they would regularly take during rush hour and investigate alternatives routes.<\/p>\n
Related articles<\/strong><\/p>\n E-tolls: Govt isn’t fighting the public<\/strong><\/a><\/p>\n E-toll interdict was “vague” – Treasury<\/strong><\/a><\/p>\n E-tolling ruling getting its day in ConCourt<\/strong><\/a><\/p>\n E-toll court battle: DA wants in<\/strong><\/a><\/p>\n Cabinet pushes through e-tolling legislation<\/strong><\/a><\/p>\n