House values fall in Sydney and Melbourne ahead of RBA rate rise

Sydney and Melbourne house values fell in April as the Reserve Bank prepared for a third interest rate rise this year. Sydney's median value dropped about $7,000 to $1.6 million, down 1.2 percent since January, while Melbourne's median fell nearly $5,000 to $972,000, down 2.2 percent year-to-date.

Summary by Glance · SMH