Major roadworks along the main routes between Pretoria and Pretoria North are nearing completion, to the relief of both commuters and estate agents working in Tshwane metro’s northern suburbs.
“The resolution of traffic problems caused by roadworks is sure to boost residential property sales in these areas,” says Polla Erasmus, owner of the local RealNet franchise. Erasmus says the market has been severely hampered for months by the traffic congestion along Paul Kruger Street extension at Wonderboom Junction.
“It was so bad that potential buyers would get stuck in traffic on their way to a viewing and just turn around as soon as they could. But interest in both Pretoria North and Akasia is already picking up again, with demand being highest in the R400 000 to R1,2m price range. Another boost to the area will be Rainbow Junction, a 140ha mixed-use, modern lifestyle and business development located just six km north of the Pretoria city centre, but also set to become a new economic hub for the northern suburbs.
“Finally, after many years of delays, the vision for developing Pretoria North is taking shape. There are also good opportunities for emerging construction companies to erect low-cost apartment complexes on vacant land and provide potential buyers with affordable homes,” Erasmus says.
Mobility routes linking up various nodes, including plans to link Sefako Makgatho Drive (formerly Zambezi Drive) with Rachel De Beer Street, are underway and this will also contribute to improved traffic flow in and out of Tshwane’s northern areas,” she says.
Probably the most significant development is the bold R50-billion plan to establish Rosslyn as SA’s vehicle assembly capital. The project name for this 30-year plan is Tshwane Auto City and developers hope to emulate the top vehicle manufacturing centres in countries like Japan, Korea, India, Germany and the US.
“This would of course have huge spin-offs for the local residential market as it would result in a huge influx of people. The Rosslyn industrial precinct would also have to be expanded and there is very little housing and retail space there. Much would also be required in the way of road upgrades, shopping centres and green open spaces. Meanwhile, most of the metro’s industrial and urban expansion is already taking place in a northerly direction, and this makes us very optimistic for the future,” Erasmus says.
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