Where house prices are falling the most in Sydney, Melbourne (opens original article in a new tab)

House prices are falling fastest in Sydney and Melbourne's affluent suburbs due to the abolition of tax concessions for investors and rising interest rates, leading to lower offers from sellers.

• House prices in Sydney and Melbourne's affluent suburbs are falling the most.
• Tax concessions for investors were abolished by the federal government.
• Interest rate rises are contributing to reduced demand in the housing market.