The housing boom is over as prices begin to fall

HOUSE prices in Australia's capital cities fell 1.1 per cent in May, the latest sign Australia's booming property market has finally peaked.

The fall was led by declines in Sydney and Melbourne of 1.3 per cent and 1.7 per cent respectively, according to CoreLogic's latest home value index.

Brisbane and Adelaide notched up slight gains of 0.3 per cent and 0.8 per cent, while Perth and Canberra fell 0.4 per cent and 0.1 per cent. The biggest falls were in Hobart and Darwin, which were down 4.8 per cent and 3.5 per cent on the previous month.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Chinchilla residents warned to boil water

BOIL WATER: Chinchilla residents have been told to boil water until further notice.

Council warns to immediately boil water until further notice.

Teenager charged with assaulting three police officers

A teenage girl will appear in court on Monday charged with assaulting police officers.

TEENAGER charged with assaulting three police officers.

Thousands raised for family of dad killed in crash

Brodie Ramsey with wife, Sheree, and their one-year-old daughter, Milla.

Brodie Ramsey was killed in horror crash at Dirranbandi

Local Partners