You need $118,734/yr
to live in Torquay
Based on government bond data
1BR median rent
$685/wk
Annual change
—
Rental stress
No
Location
Geelong, VIC
Loading map...
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
$685/wk
Rent share
55%
You'd have $569/wk left after rent
Weekly budget breakdown
$1,109/week total
Rent
$685/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
2 BR
$500/wk
3 BR
$660/wk
4+ BR
$750/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$2,295/wk
Median age
39
Avg household size
2.7
Rent-to-income
30%
Nearby suburbs
Grovedale
VIC
$500/wk
$58,934/yr
—
Belmont
VIC
$500/wk
$58,934/yr
—
Barwon Heads
VIC
$570/wk
$98,800/yr
—
Geelong
VIC
$470/wk
$65,867/yr
—
Ocean Grove
VIC
$570/wk
$98,800/yr
—
Geelong West
VIC
$480/wk
$58,934/yr
—
About renting in Torquay
Torquay is located in Geelong, VIC. The median weekly rent is $685, meaning a single person needs to earn at least $118,734 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.