Australia’s housing prices are trending down. See which suburbs have had the biggest falls

Cotality says prices have declined in most capital cities over winter. Search the data to see how they have changed in your area

• Get our breaking news email, free app or daily news podcast

Australia’s property market is facing a rare price correction, as rising interest rates and less favourable tax settings for investors accelerate a downturn.

Most capital cities recorded winter price falls, according to Cotality data, with Sydney leading the decline. That weakness is expected to continue, as higher inflation could lead to further interest rate hikes, denting demand.