Property prices in the capital cities have slipped for the first time in a year as more homes hit the market and higher interest rates restrict borrowing power. But it’s a mixed picture across the country. While competition has eased in the larger markets of Sydney and Melbourne, prices in regional areas and some smaller capital cities have continued to hit new record highs. The latest PropTrack Home Price Index shows national home prices remained flat in December, having risen 5.52% over the year. Across the combined capital cities prices fell 0.09% during the month, with falls in Sydney (-0.08%), Melbourne (-0.55%), Hobart (-0.41…
