Property prices have dipped across most of Australia’s capital cities, adding to speculation that the housing price boom is past its peak.


Latest auction result figures from property information group CoreLogic show the number of auctions, and the number of successful sales, increased in the week to May 14 compared with the previous week.


However the value of homes across Sydney, Melbourne, Brisbane, Adelaide and Perth fell by a collective 0.5 per cent for the week and 0.9 per cent for the month, with Brisbane the only capital city to record a rise in values.


"The strong auction results add some complexity to speculation that the housing market is moving through its peak rate of growth," CoreLogic said in a note.


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by Gordon Lane | SOURCEABLE