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Melbourne house prices fall $61,000 over 2022 as interest rates rise
As buyers adjusted to rising interest rates and potential sellers sat on the sidelines, the property market had a twist in store later last year.
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Melbourne auctions: Time warp home in Niddrie passes in at auction on a $1 million offer
The five-bedroom home had not been changed since it was built in the 1960s, and featured some truly electric blue carpets and matching curtains.
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Melbourne property: Will house prices fall further as spring selling season begins?
Melbourne home buyers and sellers normally rush in to the spring property market, but many are holding back this year, and all eyes are fixed on the path of interest rate rises.
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