Uneven rise in Australian property prices a challenge to RBA


A man jogs at Sydney’s Botanic Garden. Sydney again led the way with annual property price growth of 13.1 in October. — AFP

JUST after the Reserve Bank of Australia’s (RBA) warning on rising property prices, home prices in major cities in Australia continued to notch upwards in October.

Data from property consultant RPData CoreLogic showed dwelling prices over all of Australia’s major cities climbed 1% in October from September when they had inched up only 0.1%, said Reuters.

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