Melbourne house prices fall as ‘unnerved’ buyers hold back

Melbourne's median house price fell 0.6 percent to $1,082,728 in the March quarter, marking its first decline in 18 months. The drop, driven by interest rate increases and cost-of-living pressures, has left buyers "unnerved" and more selective. Despite the quarterly decline, prices remain 4.4 percent higher than last year, though economists say cheaper housing would benefit affordability.

Summary by Glance · Brisbane Times