House price growth across the country cooled a little in the quarter just ended, after a virtually flat September, according to the latest house price index by sector monitor RP Data Corelogic.

The monthly statistics are likely to be welcomed by the Reserve Bank of Australia, which is worried about housing bubbles in Sydney and Melbourne.

Even Sydney was relatively subdued in September, with dwelling price growth of 0.8 per cent, ahead of Brisbane with a rise of 0.7 per cent and behind Adelaide with 0.9 per cent. All the rest of the capitals reported value declines in September, leaving growth across the country at 0.1 per cent.

Source: Fairfax