Jane Foley, Senior Currency Strategist at Rabobank, explains that the strong housing market led RBA to keep rates on hold in today’s meeting, and views that any moderation in activity in the same could push the Australian central bank to cut rates again this year.
Singapore has retained its position as the world's most expensive city, according to research by the Economist Intelligence Unit (EIU).
The top five most expensive cities in the world remain unchanged from a year earlier and include, in descending order, Paris, Oslo, Zurich and Sydney.
Here are the numbers that explain why the Russian economy is imploding in the face of a tumbling oil price and Western sanctions.
Oil and gas energy represents two thirds of exports of around $530bn (£339bn). Without them, Russia would have a massive deficit on its trade and financial dealings with the rest of the world - which is why Russia's central bank expects a capital outflow of well over $100bn this year and next...
Butrón castle auction in Spain offers buyers a chance to live like royalty
Bidding for Basque Country property, which includes a dungeon and a chapel, is open to anyone who can pay at least €3.5m
The annual pace of US house price growth slowed in June, a survey has indicated, continuing a long-term deceleration in the US housing market.
The S&P/Case Shiller 20-city index saw an 8.1% year-on-year price increase in June, compared with a 9.4% rise in May.
The Spanish economy grew at its fastest pace over the last three months since the end of 2007, according to Spain's statistics office.
But falling prices show the country is facing a deflation threat after it emerged from a two year recession last year.
Economic growth for the last three months was 0.6%, ahead of the Bank of Spain's forecasts of around 0.5%.
That leaves the annualised rate of growth at 1.2%.
Sales of new US homes surged to a six-year high in May suggesting the housing market is beginning to recover from its recent slowdown.
Sales increased by 18.6% to a seasonally adjusted annual sales rate of 504,000 - the highest level since May 2008, according to the Commerce Department.
However, the S&P/Case-Shiller index, also released on Tuesday, found house price increases slowed in April.
Knight Frank’s Prime Global Rental Index, which measures the performance of prime residential rents across 17 cities worldwide, rose by 4.8% in 2013.
The performance of the world’s prime rental markets is intrinsically tied to the health of each city’s respective employment market, in particular the business and financial services sector.
Despite paying more than £40,000 a year to live in one of Dubai’s most exclusive addresses, residents are being denied access to the gym and tennis courts – and they fear the lifts in the world’s tallest building could be next
The cost of renting is astronomical in the UK, but is New York any better than London? Do the Germans really have it easier than the Brits?