Housing prices fell last week in all but one of the mainland state capitals.
The exception was Melbourne, where the repeat of 2014's early-spring dip ended a little earlier this year, with a rise of 0.3 per cent in the week to Sunday compared with the week before.
As a result, annual growth in the southern metropolis picked up to 12.7 per cent, from 11.4 per cent previously, according to data from CoreLogic RP Data on Monday.
Despite a weekly fall of 0.3 per cent, prices in Melbourne's more populous northern rival have risen more so far this year - 13.6 per cent - than in Melbourne over the past 12 months.
Annual growth in Sydney edged up a notch to 17.3 per cent, even faster than the previous year's 14.9 per cent, meaning prices have risen by more than a third in just two years.
Price trends in the other capitals have been more modest.
Brisbane posted a gain of 4.5 per cent in the past year, a little slower than the previous year's 5.1 per cent, while annual growth in Adelaide was negligible at just 0.8 per cent, down from 5.5 per cent a year before.
Two years ago, Perth was notching up annual price growth of 8.8 per cent, but by this time last year it had slowed to 3.6 per cent.
But investors in the west have not fared so well more recently, with prices recorded last week down 2.6 per cent from a year before, and by 5.1 per cent so far this year.
Monthly data released by CoreLogic RP Data earlier this month showed Darwin has also been hit by the end of the mining investment binge.
Prices in the northern capital fell 4.6 per cent over the year to August, barely edged higher in Hobart and fell slightly in Canberra.
The latest weekly figures show sellers are responding to the price signals from the market, with the number of new listings of homes for sale typically rising in centres where prices are rising, and falling where prices are stagnating.
The notable exception is Canberra, where new listings are up by nine per cent, despite falling prices, although whether that's because because sellers are optimistic that prices will pick up, or trying to get out before things get worse, is unclear.