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Value for money homes in WelkomEntry-level homes can cost between R280k and R380k, with top properties priced up to R3m and rentals between R4k and R4.5k a month.Welkom market surviving less miningThe Welkom property market is still fairly robust in spite of the fluctuating gold price, downscaling of mining activities and the decline in the property markets of most other centres. Expectations for another interest rate cut in November On 21 November 2024, the Monetary Policy Committee will deliver their decision regarding the interest rate. With South Africa's inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to be a further cut of around 0.25%.