House prices fell almost 5 per cent in September quarter: Domain Price Report

The latest report on house prices indicates the cost of buying a home has fallen slightly across the country. But, the latest figures are of little comfort to those who rent or who are homeless.

Australians struggling to break into the property market are set to benefit from a $350 million affordable housing scheme included in the federal budget. Source: AAP / DAN HIMBRECHTS/AAPIMAGE

The digital property portal Domain has just published its latest report on home prices in Australia.

It shows the cost of buying a house fell 4-point-9 per cent in the last quarter - which works out to be around $53,000.