Free Template
Input your income to determine safe rent range and housing budget.
Rent Affordability Calculation ------------------------------ Annual Salary (Gross): $ Monthly Take-Home (Net): $ Affordability Rules: - 30% Rule (Net): $ (Safe / Recommended) - 40% Rule (Net): $ (Stretching) - 50% Rule (Net): $ (Housing Stress) My Target Weekly Rent: $ My Target Monthly Rent: $ Remaining Monthly Income after Rent: $ Other Housing Costs: - Electricity/Gas: $ - Water: $ - Internet: $ - Contents Insurance: $ **Total Housing Cost: $**
Enter your annual gross salary and your monthly take-home pay.
Calculate 30%, 40%, and 50% of your monthly take-home pay to see your affordability tiers.
In Australia, spending more than 30% of your gross income on housing is generally considered 'housing stress'.
Factor in utilities and insurance to get a complete picture of your housing budget.
Use this to set a realistic budget before you start searching for a new rental.
Factor in the commute: A cheaper rental further away might cost you more in transport and time.
Be realistic about your 'stretching' limit: Can you truly afford 40% if you have other debts or goals?
Review your lease terms: Ensure you understand all costs before signing.
Continue your journey with these related resources.