Housing prices in Australia's five capital cities fell across the board, and Melbourne, Sydney, took the lead.

After Christmas and New year`s holidays, home prices fell in all five Australian capitals in the second week of 2019, led by Melbourne with 0.35 percent and Sydney by 0.27 percent.

Australian home prices have fallen 2.98 percent since the fiscal quarter, with Sydney and Melbourne, the two biggest cities, down 4.01 percent and 3.35 percent, respectively.

Overall house prices in Australia have fallen nearly 7% in the past 12 months. Of the five capital cities, only Adelaide was up 1.3%.

The following chart shows the index of house prices in Australia over the past seven years.

Home prices have fallen 7.5% over the entire cycle from the previous high to now.

According to the latest CoreLogic RP Data statistics, as of January 12, in the past year:

• 悉尼房价：-9.18%，
• 墨尔本房价：-7.57%，
• 珀斯房价： -5.04%；
• 布里斯班（包含黄金海岸）：-0.11%；
• 阿德莱德：+1.35%；
• 澳洲5大首府城市平均：-6.74%。