Affordability check · Sydney · NSW

Can I afford to live in Randwick on $75,000/yr?

No — not on this salary
Weekly take-home
$1,158/wk
1BR median rent
$800/wk
Leftover after rent + tax + costs
-$66/wk
Rent share of gross
55%

The verdict

Randwick on $75,000/yr

On $75,000/yr, Randwick doesn't add up — typical costs would leave you $66/wk short. You need about $138,667/yr at the 30% rule.

Salary needed (30% rule)
$138,667
/yr gross
Short of 30% rule by
$63,667
/yr
Take-home (after tax)
$60,212
/yr
Annual rent
$41,600
median
Household:

Where your salary goes

$75,000/yr gross · $1,442/wk · single household

Tax + Medicare
$284/wk
19%
1BR rent
$800/wk
53%
Essentials
$424/wk
28%
Discretionary
-$66/wk

Essentials use indicative averages (groceries, transport, utilities, insurance, other). Adjust them in the budget tool below.

On $75,000/yr — weekly budget

$1,224/week total

Rent
$800/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk

Closest cheaper alternatives

Still over the 30% rule on $75,000/yr, but cheaper than Randwick

Nothing nearby is comfortably affordable on this salary. These are the closest cheaper options — you'd still be over the rental-stress threshold, but less so.

Haymarket
Sydney, NSW · 5.2km from Randwick
$700/wk
49% rent
Rushcutters Bay
Sydney, NSW · 5km from Randwick
$750/wk
52% rent
Elizabeth Bay
Sydney, NSW · 5.3km from Randwick
$750/wk
52% rent
Woolloomooloo
Sydney, NSW · 5.5km from Randwick
$750/wk
52% rent
Redfern
Sydney, NSW · 4.1km from Randwick
$775/wk
54% rent

Want options under the 30% rule? Try a higher salary bracket or browse the cheapest suburbs nationally.

Rent trajectory

Randwick quarterly median vs your salary's 30%-rule ceiling

$850$875$900$925$950Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Q1 '25 → Q1 '26: +5.7%
Dashed segments are estimated from the suburb's annual rent change. They will be replaced with actual bond data as new quarters are published.
30% ceiling on $75,000/yr
$433/wk
Current median (all beds)
$925/wk
Gap above ceiling
+114%

Randwick rents rose 5.71% over the past year. At that pace, the gap to your salary ceiling is widening.

Same suburb, adjacent salary brackets

How affordability shifts in Randwick with a pay change

Want the full Randwick guide?
Schools, transport, crime, rent trend and demographics
Randwick full guide →

This suburb affordability view is one layer of your NestLedger — rent, salary and household cost context for Australian money decisions.

Estimates only. Not financial advice. See methodology. Read more