The Australian suburbs that have recorded the largest value declines since COVID-19 hit

It's known as the "COVID housing boom": Australia's house and unit prices went wild as the pandemic set in.

But data reveals some suburbs' prices have slid back from peak levels earlier this year, with some showing double digit falls and a return to levels below March 2020 when the pandemic hit.

Sydney and Melbourne have a list of suburbs with house and unit values now below those recorded at the beginning of COVID-19, CoreLogic data shows.