Justin Easthorpe, Ooba Group Provincial Sales Manager in Gauteng, says the answer is “yes”, if the intention is for you to live in it.

However, if your intention is to rent it out, there may be some pitfalls.

“There is not much rental stock. So you’re not getting your return on a rental at this stage. It is an interesting dynamic that we’re seeing,” says Easthorpe.

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He adds the best way to approach buying with the intention of renting is with long-term investment goals in mind.

Easthorpe also explains the benefits of purchasing property in a new development in his conversation with the Business Hour. Listen below.