Rent vs Buy Calculator
Compares the first-year cost of renting with buying a home.
Your result
Estimate only. Results update as you type.
How this calculator works
Owning cost = interest + rates, insurance and maintenance + lost return on the deposit − expected capital growth.
Worth knowing
Buying costs like stamp duty are a one-off hit, so buying tends to look better the longer you plan to stay.
Guides for this calculator
- Rent vs Buy Calculator: Formula, Example and What the Result Means
- Rent vs Buy: What to Check Before You Trust the Number
Questions
- Do these calculators match what my bank will say?
- Lenders use their own models, expense benchmarks and policies. Use these results to prepare, then speak to a lender or broker.
- Are stamp duty rates current?
- Duty thresholds are indexed or changed regularly. Always confirm with your state revenue office before relying on a figure.
- Is this financial advice?
- No. The calculators give general estimates only and don’t consider your objectives or financial situation.
This calculator gives general estimates using published Australian rates and formulas. It doesn’t consider your personal circumstances. Check current figures with the ATO, your state government or a qualified professional before making decisions. See our disclaimer.