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Colourful, brightly painted beach storage shacks on Brighton Beach, with storm clouds in distance.
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Brighton apartments were among the 20 worst-performers in the Melbourne property market for the first quarter of 2022.

Almost half of Melbourne suburb property markets heading backwards

Almost half of all Melbourne suburbs have recorded a drop in property prices in the first three months of the year.

Of the 648 house and unit Melbourne markets analysed by CoreLogic, 305 recorded a slip in values ranging from a fall of 6.4 per cent across houses in the inner-city suburb of Cremorne…