You'll need $43,333/yr to live in Newborough.
The 30%-rule benchmark for a single person, based on quarterly government bond data.
Location
Regional VIC, VIC
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 Newborough
Closest to the $43,333/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 Newborough
Newborough's 1-bedroom median rent is $250 a week, which puts it in the cheapest quarter of the 15 Regional VIC suburbs NestLedger tracks. Only 2 tracked suburbs ask less, so for renters working to a tight budget it is one of the area's genuine value options.
Rents here have climbed hard, up 14.7% over the past year, well ahead of typical wage growth. Bond-lodgement medians go from $340 in 2023-Q4 to $390 in 2025-Q3. Renters signing a new lease should budget for the current figure, not last year's.
Using the 30% affordability benchmark, a single renter needs about $43,333 a year to take on Newborough's 1-bedroom median rent without overextending (based on the $250/wk 1BR median, single household). On the local median household income, Newborough stays under the 30% line: the typical household here is not in rental stress.
Within its immediate area, Newborough is already one of the cheaper picks: nearby Traralgon asks $293/wk. Renters trading down from here generally need to change area rather than suburb.
Is Newborough expensive to rent in?
Newborough's 1-bedroom median rent is $250/wk, below the middle of the 15 Regional VIC suburbs NestLedger tracks (2 tracked suburbs are cheaper).
What salary do I need to rent in Newborough?
About $43,333 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $250/wk 1BR median, single household.
Is rent in Newborough going up?
Over the past year the 1-bedroom median rent moved +14.7%, from $340 in 2023-Q4 to $390 in 2025-Q3.
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.