Compare the financial outcome of buying versus renting a property in Australia. See your net worth under each scenario and find your break-even year.

Your Details

Property Price $800,000

Weekly Rent $600

Deposit $100,000

Mortgage Interest Rate 6.00%

Investment Return (Rent Savings) 7.00%

Time Horizon 15

years

📊 Your Results

Net Worth — Buy $0

Net Worth — Rent $0

Difference $0

Break-even Year

N/A

Buy: 30-year principal-and-interest mortgage, 5% buying costs (stamp duty, legal, etc.)
Buy: 1.5% annual expenses (council rates, insurance, maintenance, strata)
Buy: 2.5% annual property price growth (Australian long-term average)
Rent: Rent increases by 3.0% annually
Rent: Difference between rent + costs and mortgage repayment is invested
Buy: 2.0% selling costs (assumed if sold, not deducted from net worth)
All figures in Australian dollars (AUD). Not financial advice.