Calculators
Rent vs buy calculator
Use this calculator to explore an indicative scenario before speaking with a broker.
01Renting
% a year
02Buying
% p.a.
Loan term
Compare over
% a year
% a year
% of sale
Cost difference
—
Rent paid—
Net cost to buy—
Equity if you sell—
Assumptions
Buying cost is deposit, buying costs, repayments and holding costs, minus equity after selling costs and the loan balance.Tax, negative gearing and investing a surplus are not included.Where a loan is involved, a lender still tests repayments at the interest rate plus the 3% serviceability buffer.
The calculations do not take into account all fees and charges. Results are estimates only and should not be relied on to make a loan decision. Interest rates and other costs can change. Calculator results are not an offer of credit or a pre-approval. Discuss your individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.
Book a broker call
Put the estimate in context
We will check the inputs, lender policy, fees and the 3% serviceability buffer before you apply.
No application on the first call
We start by checking whether the request is workable.
A document list for your file
You collect only the items relevant to your income and loan type.
A broker calls you
Your enquiry goes to a lending professional.