You need $120,467/yr
to live in The Junction
Based on government bond data
1BR median rent
$695/wk
Annual change
+9.1%
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
$720/wk
Rent share
57%
You'd have $534/wk left after rent
Weekly budget breakdown
$1,119/week total
Rent
$695/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$695/wk
2 BR
$800/wk
Annual change
+9.1%
Quarterly change
+2.9%
Suburb snapshot
ABS Census 2021
Median household income
$1,916/wk
Median age
43
Avg household size
2.4
Rent-to-income
38%
Nearby suburbs
Bar Beach
NSW
$680/wk
$95,334/yr
+4.6%
Cooks Hill
NSW
$720/wk
$120,467/yr
+9.1%
Newcastle West
NSW
$720/wk
$120,467/yr
+9.1%
Hamilton East
NSW
$720/wk
$120,467/yr
+9.1%
Hamilton South
NSW
$678/wk
$86,667/yr
-0.4%
The Hill
NSW
$680/wk
$95,334/yr
+4.6%
About renting in The Junction
The Junction is located in Newcastle, NSW. The median weekly rent is $720, meaning a single person needs to earn at least $120,467 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.