Prices have now fallen for 12 consecutive months since their peak last September

Weaker house prices in Sydney and Melbourne have continued to drag down the national market, with a 0.5% drop in September marking 12 months of consistently falling prices.

Property consultant CoreLogic’s national hedonic home value index showed a broadening of the housing market correction, with national values down 2.7% since peaking 12 months ago, and regional markets also slowing.

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Read More Australian house prices dragged down 2.7% by Sydney and Melbourne

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