9 ms·
Sydney is $1,300/w pretax which is ~$1,050 net And median Sydney rents just hit $745/w So approximately 70% of median income is lost to rent each week for a m
by lmpdev 2y ago
Sydney is $1,300/w pretax which is ~$1,050 net
And median Sydney rents just hit $745/w
So approximately 70% of median income is lost to rent each week for a median single income household
Similar story for me personally in Brisbane
- cpncrunch 2y agoYou can rent for below median though.
- averageRoyalty 2y agoYou've missed the point though. Yes you can get above median wages and below median rent, but in a highly competitive market (low unemployment, low housing supply) you probably won't. Even fudging the numbers so 50-60% of your post tax income is rent doesn't leave a lot on the table for savings, other (high) cost of living expenses etc. Additionally, median wage is a reach for those in their first 5-10 years of career, but the jobs are still highly focused in cities.