Salary you need to afford home: every suburb revealed [Video]

Surging home prices and the Reserve Bank’s policy of keeping interest rates higher for longer have pushed middle-income home seekers out of much of the property market.

Alarming new analysis has revealed families on average incomes are running out of affordable housing options.

And even higher income buyers – notably in parts of Sydney and southeast Queensland – may struggle to find homes affordable with a 20 per cent deposit in certain locations, the Finder.com.au study showed.

The research modelled on PropTrack price data measured what income a buyer would need if purchasing at the median price in each suburb at current interest rates.

It assumed the buyer used a 30-year loan and their repayments did not exceed 30 per cent of their income – the threshold beyond which households are considered to be in “mortgage stress”.

The modelling showed homebuyers in all five major capitals required more …