"Thirty per cent is the golden number when it comes to rent affordability. The 30% rule specifies that no more than 30% of your gross income (income before tax, KiwiSaver, student loan deductions, etc.) should go towards rent. And, overall, it remains good advice."
Currently a lot of renters are paying 55%+ of their gross income on Rent.
before or after tax income?
https://www.canstar.co.nz/savings-accounts/how-much-of-my-income-should-go-towards-rent/
"Thirty per cent is the golden number when it comes to rent affordability. The 30% rule specifies that no more than 30% of your gross income (income before tax, KiwiSaver, student loan deductions, etc.) should go towards rent. And, overall, it remains good advice."
Currently a lot of renters are paying 55%+ of their gross income on Rent.
I asked this question because the 40% seemed high, especially if for net income.
thankyou for the link you have now provided