First-time buyers faced with rocketing house prices are paying more to get less, new figures reveal.
The price of the average home has jumped more than a third to $442,500 in the last five years. But the average size of those being sold has shrunk since 2019, as fewer large homes have come to market.
It means that buyers now need to pay 52.7 percent more than they would have in May 2019 for the same sized home, with a surge in working from home partly to blame.
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