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.

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

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

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.