The median house price across all capital cities fell for the first time in three years, albeit marginally, to $695,788 in the December quarter, dragged down by a decline in the Sydney market.

The 0.4 per cent decline followed 13 consecutive quarters of growth in the weighted average median house price, the Real Estate Institute of Australia said. REIA president Neville Sanders said strong growth in Hobart, Canberra and Brisbane and marginal increases in Darwin and Perth were unable to offset falling median…