Given the recent inflation pressures on everyday living costs I'm curious how much of your AFTER TAX income you use for rent?
I'm having to revise up my budget for rent, I imagine some are also in the same boat.
How Much Do You Spend on Rent?
LemonShapedRock on 19/07/2022 - 13:45
Last edited 19/07/2022 - 13:47
Last edited 19/07/2022 - 13:47
Poll Options
- 670% (No rent paid)
- 25%
- 410%
- 915%
- 720%
- 1925%
- 1030%
- 735%
- 340%
- 045%
- 250%
- 155%
- 760%
Comments
Rent specifically
You should have used brackets not single values
Agree, can't seem to change it
PPOR and don't rent to self.
However mortgage interest repayment has/is gone/going up for variable.
If you are on 40% plus you are basically on a road to ruin with interest rates rising.
Great album, though.
This is what Murica is now. A recent survey found most people there are paying 45% on rent and 15% on transport with 40% for everything else. I hope Straya doesn't head that way.
i live in a shithole while i max my offset accounts with the help of rental income - one day soon i'll be able to afford that nicer lifestyle!
Are people in the 10-15% brackets just taking the micky , bad at maths or do they have extraordinary cheap rent?
Eg: the 10% bracket
Are you earning 4k a week and paying $400pw rent??
One has to wonder why you would rent in that situation or why rent such a cheap place?
It’s an odd (yet enviable position to be in) if true.I guess 15% bracket is a bit more understandable eg: you are clearing 2k a week and paying $300 pw rent.
🤷🏽♂️ Thats my random thoughts on the subject.
(Then again, thats not taking combined income into consideration)They could be sharing with a partner or housemates?
Or live in Perth/Adelaide/somewhere rents are reasonable.
You would be lucky to get anything other than a small 2/1 or 3/1 in the ghetto for under $400 pw in Perth
Source: i live in the ghetto 😂
Very true, i guess the question is fairly open to more factors than i was considering.
Exactly this. I voted 40% but it could have been 15% on a family income.
Are you earning 4k a week and paying $400pw rent??
Well, the average OzB income is about $300K per year, so that should explain a lot!
Cheap rent.
Since 2020 my monthly rent has been for one bedroom in a sharehouse / Melbourne suburbs inclusive of bills;
$360
$400
$500
and now $560 until I find the next place…
How are so many people paying 0% rent?
They own their home or live with family, OP said in a comment that they are interested only in rent not mortgage.
… Because they're not renting and paying 20-40% of their income to mortgage instead
Why answer the poll then? Makes it look like OzBaraginers have access to some kind of rent free scheme, or just live with their parents
.. It tells us that about half the respondents don't have to deal with rent. There's still value in having that option.
I am lucky in that I have cheap rent with no extra for bills to pay… depends where you live and what you're after, I'm currently solo living with a friend (who is the home owner) so mates rates.
OP, per single income or double income? It makes a big difference.
Rent or mortgage for our PPOR, or just rent?