Property prices fall for sixth consecutive month as Sydney and Melbourne lead downturn

Home values in Australia have fallen by 5 per cent from their peak in March, with Sydney and Melbourne leading the downturn.

The national property slump has stretched to six months after a 1.1 per cent fall in September, Cotality’s Home Value Index shows. Values fell in every capital city except Darwin last month.

Sydney’s property market has taken the biggest hit, with prices now 8.6 per cent below...