Australian house values fall in 82 per cent of suburbs as downturn spreads

Key points

• House values fell in 82.2 per cent of suburbs nationwide over the past three months, according to realestate.com.au figures. Unit values dropped in 79.7 per cent of suburbs with available data.
• Analysts blamed a combination of interest rate rises, war abroad and federal tax reforms.
• Queensland, Melbourne, Sydney, Hobart and Adelaide all recorded widespread falls, with only a small number of suburbs showing growth.