← Career vs cost

ANZSCO 2712$3000/week before tax$156,000/year

Barrister: salary vs cost of living

Job Outlook publishes a full-time weekly-earnings figure of $3000 for Barristers. After estimated PAYG income tax, the 2% Medicare levy and any HECS-HELP compulsory repayment, take-home pay is approximately $1,903.88 per week.

From gross to take-home

ComponentAnnual AUDWeekly AUD
Gross salary$156,000$3000
Income tax (2024-25 resident scale)-$39,058-$751
Medicare levy (2%)-$3,120-$60
HECS-HELP compulsory repayment-$14,820-$285
Take-home pay$99,001.76$1,903.88
Without HECS$113,821.76$2,188.88

Sanity check: income tax 39058 AUD plus Medicare and HECS-HELP repayment of $14820 AUD.

Rent as a share of take-home pay

The 30% threshold is the conventional definition of rental stress. Anything below is considered comfortable; anything above squeezes everything else.

CityUnit rent (/wk)% of take-homeHouse rent (/wk)% of take-home
Adelaide$46024%$58030%
Brisbane$58030%$65034%
Canberra$58030%$70037%
Darwin$60032%$70037%
Geelong$46024%$52027%
Gold Coast$62033%$80042%
Hobart$48025%$56029%
Melbourne$58030%$60032%
Newcastle$56029%$64034%
Perth$60032%$67035%
Sydney$72038%$78041%

Weekly earnings figure is sourced from Job Outlook (jobsandskills.gov.au). Tax and Medicare estimates use the 2024-25 ATO resident scale; HECS-HELP repayment uses the 2024-25 ATO Schedule. ExamExplained does not provide financial advice. For tailored advice, see a licensed financial adviser or registered tax agent.