A man has been charged with murder after a fatal house brawl in southern New South Wales.

About midday yesterday, emergency services were called to reports of the fight at a home on Vera Street, Corowa, west of Albury.

A 41-year-old man was taken to Corowa Hospital suffering serious stab wounds and head wounds, but later died.

A 33-year-old man was also taken to hospital, suffering stab wounds and internal bleeding.

He has since been transported to Albury Hospital where he is understood to be in a serious condition.

A 42-year-old man was arrested at the scene and taken to Corowa Police Station for questioning.

Police allege the deceased victim was involved in an altercation with the injured man, when the 42-year-old intervened, striking the now deceased man with a baseball bat.

It is believed all three men were known to each other.

The charged man, whose birthday is today, was refused bail to face Albury Local Court.

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