Looks like house prices are finally starting to fall. Medium price for St kilda in Sep was $711,500, however October its $468,000 House Prices Australia from MYRP - Australian Property Prices South Yarra has the same story. Sep 1,080,000; October is 727,000 House Prices Australia from MYRP - Australian Property Prices 12 month growth for south yarra is -0.8% with another interest rate hike around the corner.. we can only presume more downward pressure on house prices. This is good news, as I'm looking at entering the market hopefully in the next couple years! Will be interesting to see the November medium price!