You need $86,667/yr
to live in Newtown (4305)
Based on government bond data
1BR median rent
$500/wk
Annual change
—
Rental stress
No
Location
Ipswich, 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
$500/wk
Rent share
40%
You'd have $754/wk left after rent
Weekly budget breakdown
$924/week total
Rent
$500/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,753/wk
Median age
40
Avg household size
2.5
Rent-to-income
29%
Nearby suburbs
Newtown (4350)
QLD
$500/wk
$55,467/yr
—
Eastern Heights
QLD
$580/wk
$100,534/yr
—
East Ipswich
QLD
$580/wk
$100,534/yr
—
Silkstone
QLD
$560/wk
$97,067/yr
—
Booval
QLD
$495/wk
$85,800/yr
—
Ipswich
QLD
$270/wk
$46,800/yr
—
About renting in Newtown (4305)
Newtown (4305) is located in Ipswich, QLD. The median weekly rent is $500, meaning a single person needs to earn at least $86,667 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.