Rent vs Own Calculator — Compare renting and owning over time

Your current rent

Start with what you currently pay in rent each week.

Current weekly rent ($)

Assumed annual rent increase (%)

Your home estimate

Select a deposit option to estimate the home loan and repayments.

Estimated property value ($)

Deposit option These are planning examples only. Actual deposit requirements depend on your lender, eligibility, property and chosen pathway.

Interest rate (% p.a.)

Loan period

Assumed annual property growth (% p.a.) This is an editable scenario assumption only. Property values can rise or fall and vary by property and location.

Your indicative comparison

Rent, repayments and potential ownership

Compare your projected rent with an indicative home loan and potential ownership outcome over time.

Current weekly rent

Property value

Deposit

Estimated home loan

Interest rate

Projection period

Your rental outlook

Rent is projected to increase once each year at the selected rate.

Current rent per year $0 Current weekly rent multiplied by 52 weeks.

Next anticipated rent increase $0

Projected rent paid over 30 years $0

Your mortgage outlook

Principal-and-interest repayments based on the estimated loan amount, interest rate and loan period.

Estimated weekly repayment $0 per week $0 per month

Total interest over 30 years $0 Estimated interest across the selected loan period.

Total mortgage over 30 years $0 Includes the original home loan and estimated interest.

Rent and mortgage comparison over 30 years

A comparison of projected rent and scheduled mortgage repayments over the same period.

Projected rent paid $0

Estimated mortgage paid $0

Difference $0

Projected rent $0

Mortgage repayments $0

These payments are not directly equivalent

Mortgage repayments may contribute toward ownership of an asset, while rent provides housing without ownership. This comparison excludes council rates, insurance, maintenance, strata and buying or selling costs.

Your potential ownership outcome after 30 years

An indicative long-term scenario based on your deposit, mortgage repayments and selected property-growth rate.

Your initial deposit $0 Based on your selected deposit option.

Estimated home loan $0 Based on the property value less your deposit.

Total mortgage over 30 years $0 Includes the home loan principal and estimated interest.

Deposit plus mortgage repayments $0 This excludes ownership costs such as rates, insurance, maintenance and strata.

Potential increase in property value $0 Based on your selected growth assumption.

Estimated loan balance at end of term $0 Assumes all scheduled principal-and-interest repayments are made.

Potential home value after 30 years $0 This is a compounded-growth scenario only and is not a forecast or guaranteed future value.

This is not an investment-return calculation

The figures do not include stamp duty, LMI, grants, government equity contributions, council rates, insurance, maintenance, improvements, strata, tax, selling costs, inflation or the time value of money.

See what could be possible

This calculator provides indicative examples for general information only and is not financial, credit, investment, property or taxation advice. It does not assess borrowing capacity, affordability, eligibility or loan approval. Calculations assume principal-and-interest repayments, a constant interest rate, annual rent increases and annual compounded property growth over the selected period. The estimated loan is calculated as the property value less the selected deposit and does not include LMI, purchase costs, grants, guarantees, shared-equity contributions or other amounts. Actual rents, rates, repayments, costs and property values may rise or fall. Confirm your position with a mortgage broker or lender and seek appropriate professional advice before making a financial or property decision.

Compare renting and owning over time

Your current rent

Your home estimate

Renting forever wasn't the plan

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