Typical Qld household can now afford just 9 per cent of homes

Realestate.com.au’s latest Housing Affordability Report exposes a grim reality for homeowners. Picture: Supplied Queensland’s housing affordability has sunk to its worst level in history, with mortgage repayments swallowing a record share of household income and locking everyday buyers out of almost the entire market. The latest realestate.com.au Housing Affordability Report 2026 revealed a typical Sunshine State household earning just under $124,000 a year can afford to buy only 9 per cent of homes sold across the state – a drastic plunge from 15 per cent a year ago. Realestate.com.au senior economist Angus Moore said the squeeze had reached breaking point on the back of a toxic combination of relentless property price growth and three consecutive rate hikes wiping out modest wage gains. A typical Queensland buyer could afford just 9 per cent of homes sold across the state last year “Housing affordability across Queensland continued to decline sharply in FY26,” Mr Moore said. “That pushed affordability to a record low, surpassing the previous record low in FY08.” Mortgage repayments on a median-priced Queensland home now accounted for an unprecedented 39.7 per cent of average hous...