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 straitstimes.com.

Rate rises, unaffordable homes and the government’s tax changes are behind another fall in value of the nation’s homes.

Australian home values record their biggest decline in more than three years as the housing market slowdown that began in Sydney and Melbourne spreads across the country.

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.

If you've been wondering how and why Australian house prices spun out of control you're not alone. One filmmaker was so depressed by it he went out and shot a documentary.

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…