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Rent or buy comparison

This calculator shows you how your finances will look seven years after buying a home or continuing to rent, allowing you to make an informed decision between the two.

Monthly rent paid for accommodation

Property purchase price

Loan amount

Loan period

years

Mortgage interest rate

Quarterly council rates payment

Cost of buying and borrowing

Annual rental increases: 2.5%, Return on invested funds: 5.3%, Yearly appreciation on the home: 8.1%, Annual home maintenance: $3,000, Conduct analysis at year 7

Change assumptions

If you are in a position to know precise figures, please change our assumptions below and recalculate outcome.

Annual rental increases

Return on invested funds

Yearly appreciation on the home

Annual home maintenance

Conduct analysis at year

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About Rent vs. Buy

The Rent versus Buy Comparator allows the user to compare their estimated financial position after 7 years of renting with their estimated financial position after 7 years of home loan repayments. In essence, it allows you to assess whether your net wealth will be greater or less if you buy a home versus continuing to rent.

This tool assumes that the individual who rents will invest the deposit they have saved to purchase their home. Similarly the other property purchase and home loan start up costs, such as stamp duty and loan establishment fees are also assumed to be invested. It also assumes that the renting party will make monthly deposits equivalent to their disposable income (the difference between the calculated monthly mortgage repayments and the provided monthly rental rate) as well as annual property maintenance costs and quarterly rates.

This tool is an estimation tool only should not be considered financial advice.

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Rent or buy comparison

How much can I borrow?

Extra & lump sum payment calculator

Stamp duty calculator

Save your time and get specialist help to find the best home loan - FREE.

About Rent vs. Buy

Home Loan Guides

What you need to know when buying a tenanted property

Consider these things before you fix your home loan rate