House Price Trends - Sydney doing best.

Capital city home prices nationwide sank 0.5 per cent, seasonally adjusted in October, from a downwardly revised 0.4 per cent fall in September, according to RP Data-Rismark. September's revised drop was twice the 0.2 per cent slide initially reported.
The median dwelling price in capital cities now stands at $448,500.
According to the Sydney Morning Herald, Australia's house prices are falling at an accelerating rate according to figures out today, with Melbourne and Brisbane reporting the steepest drops over the past year and Sydney among the most resilient.
In the ten months to October, seasonally adjusted home prices in Melbourne are down 5.8 per cent, second only to Brisbane's 7.5 per cent fall in that period, according to RP Data.
Sydney's dwelling values are down 1.4 per cent in 2011, while Canberra's are up 0.9 per cent to be the country's best performers. For the nation, seasonally adjusted home prices have dropped 4 per cent so far in 2011.