You need $48,534/yr
to live in Mount Waverley
Based on government bond data
1BR median rent
$280/wk
Annual change
—
Rental stress
Yes
Location
Melbourne, VIC
Loading map...
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
$695/wk
Rent share
55%
You'd have $559/wk left after rent
Weekly budget breakdown
$704/week total
Rent
$280/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$280/wk
2 BR
$540/wk
3 BR
$700/wk
4+ BR
$800/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$2,066/wk
Median age
40
Avg household size
2.7
Rent-to-income
34%
Nearby suburbs
Chadstone
VIC
$620/wk
$86,667/yr
—
Burwood East
VIC
$650/wk
$91,867/yr
—
Burwood
VIC
$650/wk
$78,000/yr
—
Glen Waverley
VIC
$695/wk
$95,334/yr
—
Oakleigh
VIC
$620/wk
$86,667/yr
—
Clayton
VIC
$600/wk
$84,934/yr
—
About renting in Mount Waverley
Mount Waverley is located in Melbourne, VIC. The median weekly rent is $695, meaning a single person needs to earn at least $48,534 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.