Australia house prices rise but growth slows in Sydney and Melbourne, Cotality says

SYDNEY, Dec 1 (Reuters) - Australian home prices jumped in November but gains in Sydney and Melbourne slowed, as expectations there would be no interest ​rate cuts anytime soon undermined sentiment in those already expensive markets, property consultant Cotality said ‌on Monday. Home prices nationwide increased 1% in November from October to a median value of A$888,941 ($581,990), ‌slightly slower than the 1.1% gain the previous month, according to figures from Cotality, formerly CoreLogic. Prices have ri ...