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TL;DR
With a $150,000 annual income in Brisbane, some Australians spend between $5,000 and $11,800 on an engagement ring—around one to two and a half months’ salary. This range balances quality, sentiment, and long-term financial priorities without overspending. |
The old “three months’ salary” suggestion would set your engagement ring budget at $37,500. For most Brisbane couples, that’s neither realistic nor aligned with how people make financial decisions today.
Brisbane’s cost of living is slightly lower than Sydney or Melbourne, but with rising property prices, higher interest rates, and average wedding costs approaching $30,000, most couples are choosing more practical budgets.
Aiming for one to two and a half months’ salary allows you to buy a beautiful ring while still focusing on future goals—like travel, home savings, and wedding planning.
Here’s a practical breakdown for a $150K salary:
Conservative: $5,000–$6,500
Moderate: $6,500–$9,000
Premium: $9,000–$11,800
This range gives you flexibility to find a ring that reflects your partner’s style while keeping your broader plans in check.
Inner-city rent: $550–$600 per week for a one-bedroom apartment
High fuel and commuting costs due to the city’s spread
Average QLD wedding: ~$30,000
Warm climate and active lifestyles may influence ring design choices (durability and comfort are key)
You can make your budget go further without compromising on beauty:
These strategies help you focus on the design and quality of the ring, not just the price tag.
After buying the ring, you may want to think about cover. Adding the ring to your home and contents insurance might seem simple, but some policies have:
Sub-limits (often $1,000–$2,000 per item)
No cover for loss, damage, or theft outside the home
Claim excesses that reduce your payout
Limited repair or replacement options
Specialist jewellery insurers like Q Report offer policies designed for engagement rings, with features that may include:
For a $150K salary in Brisbane, a budget of $5,000–$11,800 strikes a smart balance between meaning and money. This range gives you room to choose a high-quality ring without compromising on your other financial goals.
When the ring is ready, consider specialist jewellery cover designed for how it will be worn, valued, and treasured—so your once-in-a-lifetime purchase is supported for the years ahead.
To get an accurate insurance quote, please provide the amount from your purchase receipt.
Don't have the receipt?
If you don't have the receipt, you can provide the most recent valuation amount instead.
