You'll need $100,533/yr to live in Midway Point.
The 30%-rule benchmark for a single person, based on quarterly government bond data.
Location
Hobart, TAS
Rent trend
Quarterly median rent
Can you afford it on your salary?
Pick your bracket to see weekly leftover, budget breakdown and cheaper alternatives in Midway Point
Closest to the $100,533/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 Midway Point
Midway Point's median weekly rent is $580 a week, placing it in the most expensive quarter of the 35 Hobart suburbs NestLedger tracks. This is premium territory for the area, and budget-focused renters usually look at least one suburb further out.
A note on reliability: this median comes from a small number of lodged bonds, so quarter-to-quarter movements in Midway Point can swing on a handful of leases. Treat the figures as indicative rather than precise.
Using the 30% affordability benchmark, a single renter needs about $100,533 a year to take on Midway Point's median weekly rent without overextending (based on the $580/wk all-dwellings median, single household). On the local median household income, Midway Point sits in rental stress: the median rent takes more than 30% of gross income.
If Midway Point stretches the budget, the nearest cheaper options NestLedger tracks are Sorell ($550/wk), Dodges Ferry ($500/wk), Risdon Vale ($515/wk), close enough to keep the same commute patterns while cutting the weekly rent.
Is Midway Point expensive to rent in?
Midway Point's median weekly rent is $580/wk, above the middle of the 35 Hobart suburbs NestLedger tracks (29 tracked suburbs are cheaper).
What salary do I need to rent in Midway Point?
About $100,533 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $580/wk all-dwellings median, single household.
Is rent in Midway Point going up?
There is not yet enough quarterly bond data to describe a trend for Midway Point.
What are cheaper suburbs near Midway Point?
Sorell at $550/wk, Dodges Ferry at $500/wk, Risdon Vale at $515/wk, the closest tracked suburbs with a lower single-basis rent.
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.