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 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
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

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 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
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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