Middle-income Aussies locked out of property market

New KPMG analysis reveals a dramatic shift in Australia's property market over the past six years, with homes valued between $500,000 and $600,000 dropping to less than 1% of new builds. Properties worth over $2 million have doubled during this period, while most new constructions now exceed $1 million in value. Approximately one-third of prospective buyers are being priced out of the housing market.

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