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Low cost owners may be millionairesThe national property boom has resulted in first generation home owners being in line to become millionaires should current trends continue, said Cape Town Community Housing Company (CTCHC) chief executive Fungai Mudimu on Friday November 9th. Mudimu was specifically referring to paid-up beneficiaries of the CTCHC's low cost housing projects in nine locations around Cape Town. By Steve KretzmannRepo rate cut : What it means for the property marketReal estate market experts share their insights on the impact of current interest rates on buyer affordability and seller demand, highlighting several key factors.Is now the time to buy? Rate cuts boost housing demandThe housing demand and prices have already started to rise in response to the two interest cuts announced last year, and that this trend will no doubt be further fuelled by the 0,25% cut announced this week.