PHOTO: The value of 97 North Road in Ryde dropped by 13 per cent in 22 months. Picture: Source:Supplied

When this “classic family home” sold in October 2016, it fetched $1.51m. Less than two years later, that price was slashed dramatically.

If you’re looking for proof of Australia’s tumbling house prices, look no further than 97 North Road in Ryde, NSW.

When the “classic” three-bedroom family home, located just 12km from Sydney’s CBD, sold in October 2016, it raked in a healthy $1,510,000.

But just 22 months later, when it sold in August 2018, it fetched a mere $1,308,000.