Rent vs. Buy Calculator
Compare renting vs. buying over a chosen time horizon, including growth, interest and ownership costs.
Your numbers
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Typical assumption. Edit if you know your own numbers.
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Typical assumption. Edit if you know your own numbers.
Better after 0 yrs
Renting
Total rent paid
$0
Total buying cost (net of equity built)
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Estimated equity
$0
Est. annual ownership costs
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Highly assumption-sensitive. Change the growth rate to see how much of the answer depends on it.
How this is calculated▾
Buying cost = mortgage repayments + ownership costs − equity built (via growth and principal). Renting cost = rent paid over the horizon.
General information only. This tool provides general information and does not consider your personal circumstances. It is not financial, tax, legal or credit advice. Rates, thresholds and rules change. Verify current figures with the ATO, your state revenue office or a licensed adviser before acting.