Rent vs Buy Calculator
Compare the net cost of renting versus buying over your chosen timeframe — factoring in loan interest, holding costs, rent increases and the equity and capital growth you build by owning.
Over this period
Buying comes out ahead
Net cost to buy
$46,554
Cost to rent
$239,069
Est. equity built
$448,158
Repayment
$3,636/mo
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Book with these numbersBeyond the numbers
Buying isn't purely financial — stability, the freedom to renovate, and not facing rent increases all carry weight. This tool focuses on the dollar comparison so you can see the financial trade-off clearly before factoring in lifestyle.
Key terms explained
The main terms used in this calculator and its results.
- Conveyancing
- The legal process of transferring property ownership from the seller to the buyer, usually handled by a conveyancer or solicitor.
- Deposit
- The upfront portion of a property's price you pay yourself, with the remainder funded by your home loan.
- Equity
- The difference between your property's market value and the amount you still owe on your loan.
- Settlement
- The final stage of a property purchase when ownership legally transfers and your loan funds are paid to the seller.
- Stamp Duty
- A state government tax charged on property purchases, calculated on the property's value and varying by state.
Frequently asked questions
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Open calculatorLike what the numbers show?
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