New KPMG data reveals deepening class divide fueled by property prices
A new class divide is emerging in Australia, with property prices exacerbating inequality. KPMG data shows those with net wealth under $300,000 are considered lower class, while middle class individuals may earn $70,000 to $120,000 but struggle without property ownership. This trend intensifies the gap as those with assets continue to thrive amid rising living costs.
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Published 11 Jul 2026, 19:01 UTC · Updated 11 Jul 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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