DanSolihull

Just wondering...as a % of your salary (before tax) how much do you spend on your property (if you rent)? Trying to sort somewhere out and trying to work out my realistic budget.

Tramps_mate

Thought about a house share until you get your figures in order? My house share is 150 p/w including all bills! And full Foxtel in my room! Always worth a go!

Scotty1

Some rental agents here use a 30% affordability figure. When I lived in the UK that was also the magic figure used by housing organisations to define "affordability" .
However it is a bit similar to the length of a piece of string, but agencies may not consider you if the rent is more than 50-60% of gross income. Depends on your other commitments, how important certain feature are etc.
Go with 30% to start and see what that will get you

DanSolihull

I had looked on Gumtree and went to view one but the owner just messed me around so lost trust in it. Where did you find your place?

h2oskineil

Really depends on how much you earn where you want to live.
We rented in Hillarys, Perth for the past 5 years.... 4-5 bed, we were paying $650.00 per week, just around the corner (next to the ocean) expect $900 - $1000 per week.

Our friend lives in Woodvale, Perth (next to sought after school) her rent has just gone up to from $425 to $475.00 per week, small 3 bed villa.

A lot will depend on how much you earn, $500.00 per week is not unrealistic, but if you long to be near the beach, pool, theatre room etc etc expect a lot more.

Do you have kids? If yes..... My advice, rent in the catchment area of a good school.

I know it's hard if you don't know the areas, but use www.realestate.com.au and check out the rentals. You will then at least get to see what you will get (depending on locations) for $400, $500, $600 etc etc

hoofie2002

Gumtree has a lot of fraud. If you are unsure of what you are doing its best to go through an agent.

Beware that you could find yourself competing with lots of people for the same place.

nicolac34

Our rent is 17% of our combined take home pay in Perth.

Or 13% of our gross (before tax) pay.

Bibbs

Depends on what you want, and what you earn.

If you are on a lower salary, it'll (generally) be a bigger %age.

My mortgage will be about 17% of the wifes and my combined income (our rental was a bit cheaper).

chrisall

Hi, what area are you staying in?

I'm with relatives for the short term but definitely looking for a house share, within walking distance of a railway stn and no more than 30mins commute to CBD by train.

Cheers,
Chrisall

LeeWillo

18% of Gross, only me earning in our household.

karim_mo

Scary, 30.8% after tax