Australia’s housing prices are trending down. See which suburbs have had the biggest falls

Australia’s property market is facing a rare correction, with Sydney recording the biggest decline among the capital cities as higher borrowing costs and weaker conditions for investors weigh on prices.

Cotality data showed that most capital cities recorded price falls over winter. The downturn has raised the prospect of further declines across the market, particularly if inflation remains high.

Higher inflation could push interest rates up again, denting demand and adding to pressure on house prices. The data allows readers to search how prices have changed in individual suburbs and areas.