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Property market set to boom in KZN’s NewcastleOngoing investment in KZN’s Newcastle could trigger future growth in the residential property market, with homes selling from an affordable R400k.Property investors moving into NewcastleNewcastle is seeing high capital investment, with major retail development and an increase in confidence among residential property developers.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%.