Australia's premium inner city property markets appear to be showing the sharpest price falls based on data from the last quarter.
In Sydney, suburbs such as Darlinghurst and Surry Hills have seen falls of over 8% in the last quarter while in Melbourne, Port Melbourne has seen a drop of 5% and Balaclava has dropped off by 5.1%.
The inner city markets are generally more volatile than other parts of the market, and see the benefits of upswings but also tend to lead downturns in the market.
Check out the following article on Yahoo Finance for additional details - https://au.finance.yahoo.com/news/200000-drop-the-suburbs-seeing-the-sharpest-property-falls-030403411.html.
