Property prices are plunging in almost every capital city across Australia – see how your subur…

Explore the latest developments concerning Property prices are.

Property prices are plunging in almost every capital city across Australia – see how your suburb rates

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.

Economists say prices are on track to fall at least 10% after the Reserve Bank lifted rates for the fourth time this year on Tuesday, pushing more buyers out of the market.

Australia faces 'biggest property downturn in 40 years', raising recession risk

Cotality's Home Value Index fell 1.1 per cent in September taking cumulative declines to 5.2 per cent below March's peak. (ABC News: Declan Bowring)

Experts warn the property market could experience peak-to-trough falls of up to 15 per cent nationally.

Australian house prices fell for a sixth straight month in September, and experts say the property market could experience falls of up to 15 per cent in the coming months off the back of higher interest rates and cuts to housing tax breaks.

Cotality's Home Value Index fell 1.1 per cent in September, taking cumulative declines to 5.2 per cent below March's peak.

Brisbane saw the sharpest monthly drop among capitals (-1.5 per cent), while Sydney fell 1.4 per cent and Melbourne fell 0.7 per cent.

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