Oliver Peterson: Australian correspondent on Australian home prices going up - Heather du Plessis-Allan Drive

Over in Australia, new data shows national home values rose 1.1 per cent over the month of October, and 6.1 per cent over the year.

All of Australia's major cities saw significant rises, with investors and first home buyers setting records as they tried to outbid each other.

Australian correspondent Oliver Peterson raises the question of what this data could mean for future rate cuts.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.