Residential apartments in the Sydney suburb of Wollstonecraft. Prices in Sydney and other east coast cities rose as those in other parts of the country fell. Photo: Bloomberg

Australia's new 'two-speed economy' sees property prices diverge

Reserve Bank keeps benchmark interest rate at a record low, as prices surge along Australia's east coast and decline in remainder of the nation

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Residential apartments in the Sydney suburb of Wollstonecraft. Prices in Sydney and other east coast cities rose as those in other parts of the country fell. Photo: Bloomberg
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