Australian house prices fell in most capital cities in the June quarter as high interest rates brought about the weakest housing market in four years, a report says.
National house and unit prices could dive by 10 per cent next year as a prolonged real estate slowdown sets in, online real estate data group Australian Property Monitors says.
The group found Perth had the biggest median house price fall, of 2.8 per cent, in the June quarter, followed by Sydney's 2.1 per cent decline.
Median house prices fell in five of Australia's eight capital cities in the three months to June 30.
Unit prices fell in five capital cities during the quarter including Brisbane, which posted a 3 per cent slump.
Sydney kept the title as having the most expensive median price for units, at $366,622, marginally ahead of Perth and Canberra. AAP
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