House prices around the country have fallen as negative gearing changes kick in on top of high interest rates.

The NSW capital is leading the downturn and its upper end is falling the fastest. Even the boom towns of Perth, Brisbane and Adelaide are easing.

House prices around the country have fallen as negative gearing changes kick in on top of high interest rates.

Record housing boom succumbed to higher borrowing costs, while a tax clampdown on investment properties rattled buyers. Read more at straitstimes.com. Read more at…

A perfect storm of interest rate increases and property tax changes has led to the sharpest fall in national house values in almost four years.