Sydney and Melbourne house prices fall again | 7NEWS

2 months ago The News Room

House prices in Sydney and Melbourne have declined for the second consecutive month, with Sydney values dropping 0.3% and Melbourne falling 0.6% in March. Rising interest rates, inflation and global tensions are deterring buyers from the property market. Population growth in both cities has slowed to its lowest level since the pandemic, contributing to the downward pressure on housing values.

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