Recent rate rises have yet to make a dent in Australia's property prices which climbed an average of 10% so far this year.
Melbourne outperformed its counterparts with average gains of almost 15%.
But house prices in Sydney climbed a solid 1% in October alone.
Australia has witnessed two consecutive interest rate rises pulling
rates up to 3.5% and the country is bracing for a three-peat as it
waits to hear the Reserve Bank of Australia's decision to be released
this afternoon.
Property prices continue to climb is copyright Your Mortgage and has been republished with permission.