House prices in some of Sydney’s inner suburbs have slumped by more than $190,000 in the past three months to February as the market slowdown accelerated amid poor affordability, tighter lending and higher fixed interest rates, CoreLogic data shows.

Beaconsfield posted a 9.2 per cent drop in median house value to $1.77 million, the largest percentage decline recorded in any house market in the country. Prices are now $162,662 lower than three months ago.