(Bloomberg) -- Australian home prices stayed strong in September, driven by soaring demand and outweighing the impact of the central bank’s aggressive policy tightening campaign.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownMarket Stress Rises Over Wild Week Ahead Even Without a Shutdow
-- Australian home prices stayed strong in September, driven by soaring demand and outweighing the impact of the central bank’s aggressive policy tightening campaign.Sydney prices, the national bellwether, advanced 1%, down slightly from the previous month, property consultancy CoreLogic Inc. said in a report Monday. Adelaide led September’s gains — climbing 1.7%.
“Possibly we are starting to see renewed affordability challenges deflecting more demand towards the middle of the market where barriers to entry are lower,” said Tim Lawless, research director at CoreLogic. Despite the RBA’s concerns about housing, the bank is expected to leave its policy rate unchanged for a fourth straight meeting this week as it assesses the impact of its tightening to-date.TORONTO — Five things to watch for in the Canadian business world in the coming week: Bank of Canada speech Nicolas Vincent, the external non-executive deputy governor of the Bank of Canada, will give a speech to the Chamber of Commerce of Metropolitan Montreal on Tuesday morning.
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