A widely accepted measure of affordable housing says that if your rent costs less than 30 per cent of your gross income, or a third of your working week, you’re doing OK. Comparing ABS data on average full-time earnings with RP Data figures on median rents shows how many hours on average it takes for a full-time worker to make their rent in each state.
House rent: $385 (takes 11.2 hours to earn)
Unit rent: $350 (takes 10.2 hours to earn)
Average weekly salary: $1370 ($34.25 per hour)
Australians for Affordable Housing also looked at the average salary of each job and analysed which workers must spend more than 30 per cent of their income in order to afford the median rents in each capital city. In Queensland, less than one in 10 professions pay salaries that can cover median capital city rents by spending less than 30 per cent of the pay cheque.
Eight professions (sales, marketing and public relations professionals; architects, designers, planners and surveyors; air and marine transport professionals; machine operators; stationary plant operators; mechanical engineering trades workers; building and engineering technicians and engineering professionals) can cover the median capital city rent for a unit
In Queensland just five professions (health therapy professionals; engineering professionals; financial brokers and dealers, and investment advisers; air and marine transport professionals; medical practitioners) can cover median capital city rents for houses and units.
Here are some stats from QPZM.com.au about Clayfield on Brisbane’s North-side:
65.8% of the people living in Clayfield are employed full time, 25.9% are working on a part time basis.
Clayfield has an unemployment rate of 3.7%. The main occupations of people from Clayfield are Professionals 33.1%, Clerical and Administrative Workers 16.8%, Managers 13.7%, Sales Workers 9.5%, Community and Personal Service Workers 8.7%, Technicians and Trades Workers 7.8%, Labourers 5.7%, Machinery Operators And Drivers 3%.
The median individual income is $838.00 per week and the median household income is $1537.00 per week. 24.9% of homes are fully owned, and 27.7% are in the process of being purchased by home loan mortgage.
45.2% of homes are rented. The median rent in Clayfield is $320 per week and the median mortgage repayment is $2167 per month.