You need $95,334/yr
to live in New Farm
Based on government bond data
1BR median rent
$550/wk
Annual change
—
Rental stress
Yes
Location
Brisbane, 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
$700/wk
Rent share
56%
You'd have $554/wk left after rent
Weekly budget breakdown
$974/week total
Rent
$550/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$550/wk
2 BR
$740/wk
3 BR
$1,200/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$2,069/wk
Median age
39
Avg household size
1.9
Rent-to-income
34%
Nearby suburbs
Kangaroo Point
QLD
$730/wk
$100,534/yr
—
Teneriffe
QLD
$800/wk
$112,667/yr
—
Hawthorne
QLD
$705/wk
$122,200/yr
—
Fortitude Valley
QLD
$650/wk
$105,734/yr
—
East Brisbane
QLD
$620/wk
$81,467/yr
—
Norman Park
QLD
$745/wk
$83,200/yr
—
About renting in New Farm
New Farm is located in Brisbane, QLD. The median weekly rent is $700, meaning a single person needs to earn at least $95,334 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.