Australia’s housing market has marked its largest monthly increase since March 2017, with values up 0.9 per cent in September.
This marks the second consecutive month of gains, following a gain of 0.8 per cent in August, bringing quarterly gains to 1.7 per cent, and annual performance to -3.9 per cent growth.
It comes as the Reserve Bank of Australia prepares to hand down its interest rate decision for October, with pundits split over whether the board will keep rates on hold or cut. The two cuts in June and July have been credited with fueling the recent resurgence in property market growth.