Property Analysts SQM Research have crunched the numbers, finding houses prices are falling almost everywhere.

CAPITAL CITIES (worst to best)

Perth (total 2011 9.8%)
Currently down 3.8% from peak.

Expected further declines in 2011 is 4-6%

Brisbane (total 2011 9.6%)
Currently down 3.6% from peak.

Expected further decline in 2011 is 4-6%

Darwin (total 2011 8.3%)
Currently down 1.3% from peak.

Expected further Declines of 5-7% in 2011

Melbourne (total 2011 7.5%)
Currently down 2.5% from peak.

Expected further declines in 2011 is 3-5%

Sydney (total 2011 6%)
Currently down 2% from peak.

Expected further decline in 2011 is 2-4%

Adelaide (total 2011 4.3%)
Currently down 1% from peak.

Expected further declines in 2011 is 1-3%

Hobart (total 2011 3.5%)
Currently down 0.5% from peak.

Expected further declines in 2011 is 1-3%

Canberra (total 2011 3.4%)
· Currently down 0.4% from peak.
Expected further declines of 1-3% in 2011.


Western Australia

Mandurah
Currently down 8% from peak.
Expected further decline for 2011 is 8-12%

Queensland

Surfers Paradise
· Currently down 9.5% from peak.
· Expected further decline for 2011 is 9-15%
Sunshine Coast
· Currently down 9.0% from peak.

· Expected further decline for 2011 is 9-15%

New South Wales

Central Coast
Currently down 3% from peak.

Expected further decline for 2011 is 5-8%

Tweed Heads
Currently down 8.0% from peak.

Expected further decline is 9-15%

Sydney’s prestige property market.
Currently down 12% from peak.
Expected further decline is 5-8% for 2011.

Victoria

Melbourne’s Inner ring
Currently down 6% from peak.
Expected further decline of 7-9% for 2011

South Australia

Port Adelaide
Currently down 3% from peak.
Expected further decline of 5-8% for 2011.

Tasmania

Launceston
Currently down 3% from peak.
Expected further decline of 5-7 for 2011%

Northern Territory

Darwin
Currently down 1.3% from peak.
Expected further Declines of 5-7% in 2011.