You need $86,667/yr
to live in Balwyn
Based on government bond data
1BR median rent
$500/wk
Annual change
—
Rental stress
Yes
Location
Melbourne, VIC
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Rent trend
Quarterly median rent
Can you afford it?
Enter your gross salary to check
$85,000
Weekly take-home
$1,254/wk
Weekly rent
$740/wk
Rent share
59%
You'd have $514/wk left after rent
Weekly budget breakdown
$924/week total
Rent
$500/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$500/wk
2 BR
$588/wk
3 BR
$798/wk
4+ BR
$1,000/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,975/wk
Median age
43
Avg household size
2.6
Rent-to-income
37%
Nearby suburbs
Canterbury
VIC
$678/wk
$78,000/yr
—
Mont Albert
VIC
$678/wk
$78,000/yr
—
Surrey Hills
VIC
$678/wk
$78,000/yr
—
Camberwell
VIC
$650/wk
$76,267/yr
—
Box Hill
VIC
$610/wk
$84,934/yr
—
East Hawthorn
VIC
$595/wk
$84,934/yr
—
About renting in Balwyn
Balwyn is located in Melbourne, VIC. The median weekly rent is $740, meaning a single person needs to earn at least $86,667 per year to keep rent below 30% of income.
How is the salary needed calculated?
The salary needed uses the 30% rule: annual income required = (weekly rent x 52) / 0.3. This is a widely used affordability benchmark — spending more than 30% of gross income on rent is considered "rental stress".
Where does the rent data come from?
Rent data comes from government bond lodgement records — NSW DCJ, QLD RTA, and VIC DFFH. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.