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AAP
AAP
Jack Gramenz

Downturn in house values as 'something's got to give'

Property prices are unlikely to fall anywhere close to the amount they've gained for 21 months. (Diego Fedele/AAP PHOTOS)

The growth in Australian home values is slowing but an emerging downturn will not solve dire housing affordability challenges.

The nation's two most populous cities - Sydney and Melbourne - are driving the fall, with Canberra and Hobart values also declining, while growth continues at a slower rate in other capitals and regions across Australia in analysis from property data firm CoreLogic.

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