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Melbourne house prices drop 3.5 per cent to median $881,000 in June quarter amid COVID-19 crisis, the sharpest fall in Australia – Domain News
Prices in the Victorian capital are down 3.5 per cent in the three months to June, more than any other capital, and experts tip further falls to come.
Melbourne house prices have fallen more than any other capital city during the COVID-19-related recession, new figures show, with experts warning there are more price falls on the way.
But as first-home buyers compete over fewer properties for sale in affordable neighbourhoods, some regions are defying city-wide trends, at least for now.
Melbourne’s median house price fell 3.5 per cent to $881,369 in the June quarter compared to three months earlier, the latest Domain House Price Report found….
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