Tim Lawless

Antonia Mercorella of the Real Estate Institute of Queensland, Paul Arthur of Queensland Sotheby's International Realty, Petra Szydlowski of Belle property Robina, and Tim Lawless of CoreLogic discuss the Gold Coast hinterland property market.

While house prices in Sydney and Melbourne led the way in value declines across the nation according to CoreLogic's June Home Value Index, the price drops aren't as dramatic as what is being reported, experts say.

The lending crackdown on investors is hurting Sydney real estate prices, said Tim Lawless, head of research, CoreLogic.

Property prices in the nation's largest markets declined in May, according to a data preview from CoreLogic.

Hobart's median dwelling price is $366,000, compared with Sydney's $850,000, according to the CoreLogic Home Value Index.