Inflation remains high at 5.4 per cent sparking fears of a Melbourne Cup rate rise

Australian inflation remains high, which causes the fear to arise for an interest rate rise on the Melbourne Cup Day.

The rental prices in Brisbane have risen by 9.5 percent in the past year compared to the increase of 8.6 percent in Sydney.

Two weeks ago this was considered a chance of one in thirty.

A new increase on November 7 will bring it to the highest point in twelve years of 4.35 percent.