House prices across Australia have fallen for the first time in six years.

While property prices have fallen in all major Australian cities, a quarterly report shows some property values in Sydney, for example, have fallen by more than 10 per cent in the past year. Is it now affordable for those looking to break into the property market?

Tumbling house prices in Sydney and Melbourne are the main drivers behind the first annual drop in national property prices in six years, a new report shows. Source: AAP

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