SYDNEY (CU)_Over the recent months, house prices in Australia have be escalating at record levels, reaching a 19 per cent increase from pre-pandemic levels. According to data issued by the Australian Bureau of Statistics earlier this week showed that in the June quarter property prices rose by 6.7 per cent, the highest quarterly growth in 18 years. As a result, the average price of residential dwellings during this period increased by a whopping $52,600 to $835,700. Just a year ago, this figure stood at $689,400.
Despite these circumstances, the Reserve Bank of Australia (RBA) has announced that it does not…
