Housing markets in three capital cities cooling [Video]

Three capital city property markets have recorded a quarterly decline in home prices amid warnings the national housing sector is cooling.

New data from property firm CoreLogic shows home values in Australia rose 0.5 per cent last month, the 18th consecutive monthly increase.

But three state capitals recorded a decline in values over the past three months.

Melbourne headed the dip with a -0.9 decline, ahead of Hobart (-0.8 per cent) and Darwin (-0.3 per cent).

And other capital cities are feeling the impact of a slowing property market. Price growth in Sydney over the past three months has fallen markedly to 1.1 per cent, a fraction of the 5 per cent quarterly gain the same time last year.

National home values are up 1.7 per cent in the past quarter, compared with the 3.2 per cent increase this time last year, while the …