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Sydney house values lead declines

Sydney house prices have continued to slip further than the national average last week, CoreLogic property data shows.

Home values were down 0.1 per cent across Australia's five major capital cities in the week ending January 28, with Sydney falling 0.2 per cent, Melbourne, Adelaide and Perth's prices dropping 0.1 per cent, while Brisbane prices were flat.

In the past 12 months, Sydney's values have risen 1.4 per cent, while Melbourne's have climbed 8.1 per cent, Brisbane's are up 2.2 per cent, Adelaide's are up 2.5 per cent, but Perth's are down 2.6 per cent.

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