You'll need $75,400/yr to live in New Town.
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 New Town
Closest to the $75,400/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 New Town
New Town's median weekly rent is $435 a week, which puts it in the cheapest quarter of the 35 Hobart suburbs NestLedger tracks. Only 3 tracked suburbs ask less, so for renters working to a tight budget it is one of the area's genuine value options.
There is not yet enough quarterly history in the bond data to describe a rent trend for New Town, so the current median is the figure to work from.
Using the 30% affordability benchmark, a single renter needs about $75,400 a year to take on New Town's median weekly rent without overextending (based on the $435/wk all-dwellings median, single household). On the local median household income, New Town stays under the 30% line: the typical household here is not in rental stress.
Within its immediate area, New Town is already one of the cheaper picks: nearby Lutana asks $550/wk. Renters trading down from here generally need to change area rather than suburb.
Is New Town expensive to rent in?
New Town's median weekly rent is $435/wk, below the middle of the 35 Hobart suburbs NestLedger tracks (3 tracked suburbs are cheaper).
What salary do I need to rent in New Town?
About $75,400 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $435/wk all-dwellings median, single household.
Is rent in New Town going up?
There is not yet enough quarterly bond data to describe a trend for New Town.
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.