House prices fall in Sydney and Melbourne as interest rates and Iran war fallout spook buyers

Data shows slowdown in price growth across the country after consecutive RBA cash rate hikes Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast House prices in Sydney and Melbourne are falling as interest rate rises and economic uncertainty caused by conflict in the Middle East saw buyers leave the market during the last quarter. New Cotality data shows growth has slowed across the country in the last three months. The slowdown that began in December has continued, due largely to the Reserve Bank interest rate hikes in February and March putting median homes out of reach. Continue reading...

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