Residential property prices in Australian cities are climbing again after the country’s central bank cut interest rates with values rising 1.4% in September.
It is the biggest monthly rise in prices in 30 months and they are also rising on a quarterly basis, up2% in the third quarter of the year, the latest figures from the RP Data-rismark Home Value Index shows. Prices increased the most in Adelaide and Perth, up by 2.4% and 1.6% respectively. Darwin and Canberra posted the biggest declines, falling 2% and 0.6%...............................................Full Article: Source |