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Rent vs Buy

Compare the financial outcome of buying a property versus renting and investing your deposit over the same period.

Property & Loan

$
$
%
years
$
$

Council rates, insurance, maintenance. Excludes stamp duty (calculated separately at current state rates)

%
years

Renting is Better by

$26,142

After 10 Years

Loan amount$640,000
Monthly repayment$4,045.24
Property value$1,184,195
Remaining loan$542,567
Buy net position$-63,800
Rent net position$-37,658

Important Information & Assumptions

This calculator is a general information tool only and does not constitute financial product advice. It is not intended to be relied upon for the purpose of making a decision in relation to a financial product. You should consider obtaining advice from a financial services licensee before making any financial decisions.

The results are estimates only and are based on the assumptions you have provided. Actual amounts may vary depending on your individual circumstances, interest rates, fees, and other factors not accounted for in this calculator.

All default assumptions used in this calculator can be changed by you. Default values are indicative only and may not reflect current market conditions or your personal situation.

Where results project amounts payable at a future time of 2 or more years, those amounts are not adjusted for inflation and are expressed in today's dollars unless otherwise stated.