You need $63,267/yr
to live in Carey Bay
Based on government bond data
1BR median rent
$365/wk
Annual change
+3.3%
Rental stress
Yes
Location
Newcastle, NSW
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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
$620/wk
Rent share
49%
You'd have $634/wk left after rent
Weekly budget breakdown
$789/week total
Rent
$365/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$365/wk
2 BR
$550/wk
3 BR
$650/wk
4+ BR
$745/wk
Annual change
+3.3%
Quarterly change
+3.3%
Suburb snapshot
ABS Census 2021
Median household income
$1,266/wk
Median age
54
Avg household size
2.1
Rent-to-income
49%
Nearby suburbs
Kilaben Bay
NSW
$620/wk
$63,267/yr
+3.3%
Coal Point
NSW
$625/wk
$108,334/yr
+17.9%
Toronto
NSW
$620/wk
$63,267/yr
+3.3%
Rathmines
NSW
$620/wk
$63,267/yr
+3.3%
Fishing Point
NSW
$625/wk
$108,334/yr
+17.9%
Bolton Point
NSW
$680/wk
$117,867/yr
+9.7%
About renting in Carey Bay
Carey Bay is located in Newcastle, NSW. The median weekly rent is $620, meaning a single person needs to earn at least $63,267 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.