House prices drop in Sydney and Melbourne

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House prices drop in Sydney and Melbourne
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Housing prices in Sydney and Melbourne have fallen over the past month - despite a rise in property prices elsewhere across Australia.

Housing prices in Sydney and Melbourne have fallen over the past month – despite a rise in property prices elsewhere across Australia.However, prices in Sydney and Melbourne fell by 0.2 and 0.1 per cent respectively – lagging well behind other capital cities.

Brisbane, Adelaide and regional areas saw the greatest increase in housing prices – jumping by at least 1.7 per cent in each jurisdiction in March.

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