How much further could house prices fall?

Australian house prices fell for a sixth straight month in September, and experts say the property market could experience falls of up to 15 per cent in the coming months off the back of higher interest rates and cuts to housing tax breaks. Cotality's Home Value Index fell 1.1 per cent in September taking cumulative declines to 5.2 per cent below March's peak. Editor's note: An earlier version of this story suggested the auction resulted in investors purchasing the property, the audio has been changed to reflect it was actually won by first home buyers.