Australia’s property boom is splitting in two, with Melbourne now officially the cheapest major city in the country to buy land as Perth continues to run red hot.

But the bank has repeatedly stressed it does not target house prices when deciding on whether to change rates. Our recent ...

In Australia, as in most places, waterfront property comes at a premium. But to see the full effects of high-cost Australian housing, look beyond trophy homes on Sydney Harbour and beach pads in Bondi ...