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AAP

Business

Jacob Shteyman

Mind the gap: $1 million homes driving up wealth divide

Eliza Owen CoreLogic Interest Rates

Younger, low-income Australians are increasingly being locked out of home ownership. (Mick Tsikas/AAP PHOTOS)

Young Australians are increasingly becoming locked out of home ownership as property values exceeding $1 million become the norm.

More than a third of homes nationally are valued at $1 million or higher, research by property analytics firm CoreLogic reveals.

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