In Sydney, the average residential property is now worth almost $100,000 less than at a February peak, with rate rises and Labor’s tax changes taking a toll.

Australian house prices have fallen for a fifth straight month, according to property data firm Cotality. It says the downturn has now spread to 93 per cent of suburbs in the…

In Sydney, the average residential property is now worth almost $100,000 less than at a February peak, with rate rises and Labor’s tax changes taking a toll.