Important Information for Applicants
This rent affordability calculator is provided as a guide only to help prospective tenants assess their budget before applying for a rental property.
Many real estate agencies in Queensland consider rent affordability as part of the rental application assessment process, to support sustainable tenancies and ensure applicants can comfortably meet their ongoing rental commitments. This assessment is based on industry-accepted guidelines and household income information provided at the time of application.
The results generated by this calculator do not guarantee approval and do not replace the full application assessment, which may also consider rental history, employment stability, references, and other relevant factors in accordance with Queensland legislation and anti-discrimination laws.
Applicants are encouraged to use this tool to assist with personal budgeting and to ensure they are applying for properties that are suitable for their financial circumstances.
The Helpful Calculation
Step 1 – Determine gross household income
Add together all applicants’ gross income (before tax):
Weekly income = (Annual income ÷ 52)
or
Weekly income = Fortnightly income ÷ 2
Step 2 – Calculate maximum recommended rent
Maximum affordable rent = Gross weekly household income × 30%
Example
- Gross household income: $1,200 per week
- 30% of income: $360 per week
➡️ Rent of $360 per week or less is generally considered affordable under industry guidelines.
We hope this guide was helpful for you and we aim to assist you along each step of the way.
Disclaimer
This calculator provides general information only and does not constitute financial, legal, or professional advice. We are not financial advisers, and users should rely on their own assessment when determining affordability.