You need $117,867/yr
to live in Speers Point
Based on government bond data
1BR median rent
$680/wk
Annual change
+9.7%
Rental stress
Yes
Location
Newcastle, NSW
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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
$680/wk
Rent share
54%
You'd have $574/wk left after rent
Weekly budget breakdown
$1,104/week total
Rent
$680/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
2 BR
$580/wk
3 BR
$645/wk
4+ BR
$840/wk
Annual change
+9.7%
Quarterly change
+4.6%
Suburb snapshot
ABS Census 2021
Median household income
$1,766/wk
Median age
45
Avg household size
2.4
Rent-to-income
39%
Nearby suburbs
Boolaroo
NSW
$680/wk
$117,867/yr
+9.7%
Booragul
NSW
$680/wk
$117,867/yr
+9.7%
Lakelands
NSW
$720/wk
$124,800/yr
+10.8%
Macquarie Hills
NSW
$720/wk
$124,800/yr
+10.8%
Warners Bay
NSW
$720/wk
$124,800/yr
+10.8%
Marmong Point
NSW
$680/wk
$117,867/yr
+9.7%
About renting in Speers Point
Speers Point is located in Newcastle, NSW. The median weekly rent is $680, meaning a single person needs to earn at least $117,867 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.