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Is Cape Town’s Kraaifontein on the brink of a mini-boom?With nearly 50% of property in Cape Town’s northern suburb of Kraaifontein priced from R800k to R1.5m, young buyers are seeing value and this bodes well for the market.What the rate drop means for buyers, sellers, and homeowners?The latest interest rate drop is giving consumers a bit of breathing room. Find out how has this change affects your plans, to buy, sell or invest in property. SARB cuts repo rate by 25bps, lowering prime to 10.5%The South African Reserve Bank’s Monetary Policy Committee (MPC) announced today that interest rates will drop by 25 basis points, bringing the repo rate to 7% and the prime lending rate to 10.5%, effective from 1 August.