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Worries about the state of Australia's housing market, persistent high levels of debt and the high Aussie dollar convinced the Reserve Bank to keep its official interest rate on hold in September, despite improvements in the jobs market. Continuing price rises in Melbourne's established housing
House price growth is outpacing growth in apartment prices, a trend that is expected to continue as more units and townhouses come onto the market. Average home prices in the eight capital cities rose 1.9 per cent in the three months to June, and 10.2 per cent in the year to June, according to the Australian