Melbourne's house prices tripled in September as a result of a sharp rise in independent housing prices, although the rate of increase in Melbourne's apartment prices began to slow.
The country's real estate market began to divide this year.
Prices in Sydney and Melbourne are still rising, according to CoreLogic's, but prices in mining cities rose only slightly, and even fell last month
In the first 28 days of September, Melbourne prices rose 2.2 percent, Sydney 0.7 percent, Adelaide 2.1 percent, and Brisbane flat. Pace house prices are down 2.9% as the slowdown in the resource industry continues to hit here
Most economists believe that the rise in house prices in the major provinces will lead to next week's central bank meeting to keep interest rates at an all-time low of 1.5%.
Although Sydney's restless property market has seen a slowdown in the pace of growth, it has been labelled a "bubble" this week.
UBS, an investment bank, ranks Sydney as the fourth largest house price bubble city in the world
Vancouver, which saw house prices rise 25% last year, was ranked first in 18 cities, with London and Stockholm also ahead of Sydney
Sydney's house prices have risen 65% from 2012, averaging 12.2% a year. Experts believe it is clear that house prices cannot continue to rise at this pace, especially as residents' incomes rose only 4.5% last year, the lowest in history.
Sydney house prices last rose 72% in 2000-2004, but fell 7.7% in the following two years, he added.
Prices in Sydney and Melbourne have slowed, and while Melbourne has seen a surge in housing prices this month, the boom in apartment development will slow the rise in house prices
