Depressing new figures show that buyers in over 300 Queensland suburbs now need to bank over $200,000 a year to afford a home.
That puts those homes out of reach for the vast number of hopeful buyers, with the median weekly salary in Queensland just $1872, or about $97,000 a year.
Analysis of 1005 Queensland suburbs by Finder, which looked at mortgage and PropTrack data, found there were now just 159 suburbs where a buyer could purchase with a gross salary of under $100,000, meaning the average nurse, police officer, firefighter or childcare worker cannot afford to buy on a single income in 846 suburbs.
The huge increases in prices is not just affecting low income earners, with essential service workers among those struggling to put a roof over their heads. iStock
And even traditionally affordable suburbs are now out of reach, with homes in parts of Ipswich, Logan and …