Sydney house prices have slumped 1.9 per cent in the past four weeks, the fastest rate of decline in more than 40 years, as rapidly rising interest rates take their toll on the market, data from CoreLogic shows.
Melbourne prices have also fallen sharply, down by 1.2 per cent, while Brisbane slipped by 0.6 per cent. Nationally, prices have dropped by 1.2 per cent during the same period.
