Melbourne’s more pricey suburbs are seeing housing price cuts. While some buyers are grabbing a bargain, others are waiting to see whether prices will fall further.

Melbourne’s more pricey suburbs are seeing housing price cuts. While some buyers are grabbing a bargain, others are waiting to see whether prices will fall further.

Property discounting is getting more common across some of the city’s pricier spots, giving buyers negotiating power, but not all areas are cutting prices.