Australian House Price Growth Slows to More Suitanable Pace

        0303 GMT [Dow Jones] Residential property prices in Australia are up by 9.1% on the year, representing a slowdown from prior quarters, according to government data. "Today's figures are a welcome addition to the suite of home price data which show that price growth is easing to a much more sustainable rate," Shane Garrett, senior economist at the Housing Industry Association, says. "The annual rate of home price growth nationally is back in single figures for the first time in a year," Garrett says. (james.glynn@wsj.com; Twitter @JamesGlynnWSJ)
        (END) Dow Jones Newswires
        November 10, 2014 22:03 ET (03:03 GMT)