You need $62,400/yr
to live in Montmorency
Based on government bond data
1BR median rent
$360/wk
Annual change
—
Rental stress
Yes
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Rent data is reported as a grouped area
Homes Victoria publishes a single median for Montmorency together with Eltham, Research. The figures shown here apply to the whole grouped area.
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
$640/wk
Rent share
51%
You'd have $614/wk left after rent
Weekly budget breakdown
$784/week total
Rent
$360/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$360/wk
2 BR
$500/wk
3 BR
$620/wk
4+ BR
$813/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$2,076/wk
Median age
41
Avg household size
2.5
Rent-to-income
31%
Nearby suburbs
Greensborough
VIC
$560/wk
$72,800/yr
—
Eltham
VIC
$640/wk
$62,400/yr
—
Templestowe
VIC
$670/wk
$83,200/yr
—
Heidelberg
VIC
$565/wk
$78,000/yr
—
Bulleen
VIC
$670/wk
$83,200/yr
—
Bundoora
VIC
$560/wk
$72,800/yr
—
About renting in Montmorency
Montmorency is located in Melbourne, VIC. The median weekly rent is $640, meaning a single person needs to earn at least $62,400 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.