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Rent vs Buy Calculator

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Compare years of rent against the true cost of owning, including stamp duty and equity.

Your details

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Council rates, insurance, owners corporation fees and maintenance.

yrs

Cumulative cost, renting vs owning

RentingOwning (net of equity)
$0$100k$200k$300k$400know2yr3yr5yr7yr8yr10yrRentingOwning (net of equity)

Better off buying over 10 years by

$288,021

  • Total rent paid over 10 years$357,673
  • Total cost of owning (net of equity)$69,652
  • Estimated property value in 10 years$1,110,183
  • Equity built beyond your deposit$456,734
  • Upfront costs (deposit plus stamp duty)$190,070
  • Ahead on these numbersBuying

Rent is money gone; a repayment is part cost and part savings — that is why the cost of owning here is shown after subtracting the equity you build. The broker sets the repayment, the accountant prices the stamp duty and holding costs, and the adviser asks whether the deposit is better used here or somewhere else. You usually get three separate answers to that; this is all three in one number. The result swings hard on the growth rate you enter, so try it again at 0% before you decide.

Talk it through with a broker, accountant and adviser under one roof

This calculator gives a general estimate only. It is not personal financial, credit or tax advice and does not take your objectives or circumstances into account.

What this calculator assumes

  • Assumes a 30-year principal-and-interest home loan at a constant interest rate, and stamp duty at Victorian land transfer duty rates current as at July 2026 for an owner-occupier who is not a first home buyer.
  • Rent rises by the same percentage every year and the home is your own residence, so no rental income, negative gearing or capital gains tax has been applied.
  • Capital growth is an assumption you choose, not a forecast, and is never guaranteed — property values can fall as well as rise, and a fall would reverse this result.
  • Excludes selling costs (agent fees, marketing, legal), lenders mortgage insurance, buying costs beyond stamp duty, and any return you might have earned by investing the deposit instead.
  • A general estimate based only on the figures entered. It is not personal financial, tax or credit advice and does not consider your objectives, situation or needs.
  • Rates and thresholds current as at July 2026.

This calculator provides a general estimate only. It is not personal financial, credit or taxation advice and does not take your objectives, financial situation or needs into account. Counting Beans A.F. provides financial advice under AFSL 491754 (D&M Financial Services Pty Ltd) and credit assistance under Credit Representative number 528884. Please read our Financial Services Guide and Credit Guide, and speak with us before acting on any result.

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