National home prices accelerated their growth in October, rising 0.9 per cent for the month, according to CoreLogic data. Values rose by a lesser 0.7 per cent in September. The biggest increases for October were recorded in Perth, up 1.6 per cent, in Brisbane, up 1.4 per cent, and in Adelaide, up 1.3 per cent. It comes as the International Monetary Fund weighs into the inflation fight in Australia, singling out hot house prices as a reason the Reserve Bank should deliver a Melbourne Cup day rate rise.
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