News live: capital city house prices fall below $1m; Penny Wong has ‘grave concerns’ for missing Australians in Nepal

Sydney and Brisbane are back to being the only capitals with median prices above $1m. Follow updates live Get our breaking news email, free app or daily news podcast The typical capital city home price has slipped back below $1m as buyers fail to show up in a “buyers’ market”, property data firm Cotality has reported. The median price in the capitals surpassed $1m for the first time back in October but has steadily fallen this year with demand suppressed by rising interest rates and weak…