An average-income Australian is now only able to buy a house for less than $545,000, with a 20 per cent deposit. That means those wanting to be near the city may have to consider a flood area.
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Just 35.8 per cent of homes listed for sale in Australia have an asking price under $600,000. That s a huge drop from 52.5 per cent in March 2020, realestate.com.au figures show.