city: But the drop, led by falls in Sydney and Melbourne, isn't considered significant in the scheme of things, given the dizzy heights prices had reached, according to Nine News Australia. Capital city house prices fell 0.7 per cent nationally in the three months to June, according to the latest Australian Bureau of Statistics' Residential Property Price Index released on Tuesday. To improve your experience update it here News National First annual home price fall in six years4 06pm Sep 18, prices in Australia's capital cities have fallen on an annual basis for the first time since 2012. They also fell 0.6 per cent during the year to June 2018, the first annual fall recorded in six years. The drop was greatest in Sydney in the June quarter, where house prices fell by 1.2 per cent, marking the fourth consecutive quarter in which they have declined. Those national falls can be largely attributed to price drops in the big markets of Sydney and Melbourne.
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