Australian home price growth stalled in December as tighter lending rules and higher mortgage rates took the heat out of the Sydney market, though the overall result masked wide differences across the major cities.
Monday's figures from property consultant CoreLogic RP Data showed its national index of prices was unchanged in December, after a decline of 1.4 percent the month before.
Annual growth in home values slowed further to 7.8 percent, from 8.2 percent in November and a cycle peak of 11.5 percent.
Much of the weakness was concentrated in the once high-flying Sydney market, where prices fell 1.2 percent in December to be down 2.3 percent for the fourth quarter. Yet, prices were still up over 11 percent for 2015 as a whole.