Home prices are falling in Australia's two largest cities as high interest rates and investor tax changes put pressure on an already soft market.
Dwelling values fell 0.9 per cent in Sydney, 0.8 per cent in Melbourne and 0.2 per cent in the ACT during May, according to data released by research agency Cotality on Monday.
While prices rose in other state and territory capitals, the growth was weaker than previously seen.
