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, the first decline in 18 months, as interest rate hikes and cost-of-living pressures unnerved buyers. Domain's chief economist said weak consumer sentiment and two back-to-back rate rises created a "double whammy" for the market.

Summary by Glance · SMH