You need $109,200/yr
to live in Mount Lofty
Based on government bond data
1BR median rent
$630/wk
Annual change
—
Rental stress
Yes
Location
Toowoomba, QLD
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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
$630/wk
Rent share
50%
You'd have $624/wk left after rent
Weekly budget breakdown
$1,054/week total
Rent
$630/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
3 BR
$630/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$2,002/wk
Median age
43
Avg household size
2.4
Rent-to-income
31%
Nearby suburbs
Harlaxton
QLD
$500/wk
$86,667/yr
—
North Toowoomba
QLD
$500/wk
$86,667/yr
—
East Toowoomba
QLD
$520/wk
$90,134/yr
—
Toowoomba
QLD
$265/wk
$45,934/yr
—
Rockville
QLD
$500/wk
$86,667/yr
—
South Toowoomba
QLD
$480/wk
$83,200/yr
—
About renting in Mount Lofty
Mount Lofty is located in Toowoomba, QLD. The median weekly rent is $630, meaning a single person needs to earn at least $109,200 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.