Rent vs Buy Calculator

Compare the financial outcomes of renting versus buying a home over time. This calculator helps you understand the long-term costs and potential wealth building of each option.

Property Details

Property Purchase Price

Your Deposit

% of purchase price

Interest Rate (% p.a.)

Loan Term

Rental Details

Weekly Rent

Monthly:

Expected Annual Rent Increase (%)

Assumptions

Property Value Growth (% p.a.)

Investment Return if Renting (% p.a.)

Expected return if your deposit was invested instead.

Comparison Period

After years

comes out ahead

Buying Scenario

Monthly Repayment

Total Repayments ( yrs)

Property Value (Year )

Remaining Loan

Net Equity Position

Renting Scenario

Current Monthly Rent

Total Rent Paid ( yrs)

Monthly Savings vs Buying

Investment Value (Deposit + Savings)

Net Wealth Position

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Important Note

The information provided by this calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about your specific circumstances. This comparison does not include all costs such as stamp duty, legal fees, council rates, maintenance, strata fees, or tax implications which can significantly affect the outcome.