Brisbane and Sydney hit hardest by falling house prices as 5.2% shaved from Australian property values

Cotality data shows median house prices fell in September as interest rates hit borrowing capacity

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Housing prices are falling in almost every suburb in Australia’s biggest cities, with values dropping faster in Brisbane than Sydney as the slowdown intensifies.

Prices nationally have fallen 5.2% from their peak in March to where they were a year ago, Cotality data released on Thursday shows.