You'll need $73,667/yr to live in Carey Bay.
The 30%-rule benchmark for a single person, based on quarterly government bond data.
Location
Newcastle, NSW
Rent trend
Quarterly median rent
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Pick your bracket to see weekly leftover, budget breakdown and cheaper alternatives in Carey Bay
Closest to the $73,667/yr the 30% rule needs is highlighted.
Rent details
Suburb affordability ledger
ABS Census 2021 (income WPI-indexed to 2026) · rent vs household income
Household income is the 2021 Census median indexed forward to 2026 by ABS wage growth; rent-to-income and stress compare current rent to that estimate.
Nearby suburbs
About renting in Carey Bay
Carey Bay's 1-bedroom median rent is $425 a week, a little under the middle of the 295 Newcastle suburbs NestLedger tracks, with 146 tracked suburbs coming in cheaper. It is not a bargain pocket, but renters get in below the local median.
Rents here have climbed hard, up 16.1% over the past year, well ahead of typical wage growth. Renters signing a new lease should budget for the current figure, not last year's.
Using the 30% affordability benchmark, a single renter needs about $73,667 a year to take on Carey Bay's 1-bedroom median rent without overextending (based on the $425/wk 1BR median, single household). On the local median household income, Carey Bay sits in rental stress: the median rent takes more than 30% of gross income.
Within its immediate area, Carey Bay is already one of the cheaper picks: nearby Coal Point asks $750/wk. Renters trading down from here generally need to change area rather than suburb.
Is Carey Bay expensive to rent in?
Carey Bay's 1-bedroom median rent is $425/wk, below the middle of the 295 Newcastle suburbs NestLedger tracks (146 tracked suburbs are cheaper).
What salary do I need to rent in Carey Bay?
About $73,667 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $425/wk 1BR median, single household.
Is rent in Carey Bay going up?
Over the past year the 1-bedroom median rent moved +16.1%.
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, VIC DFFH, SA Consumer and Business Services via SA Housing Authority, and Tasmania Department of Justice rental bond data. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.