Rent vs buy verdict

Address-free estimate.

Equivalent home, weekly rent.

Deposit sets the LVR. Current LVR: 80%.

Horizon

True Cost calculatorBrowse listings

Verdict

Renting costs less

$145k over 5 years

Renting costs $145k less over 5 years under these assumptions.

Average gap: $2,412/mo

Buying

$309k

Net cost over the horizon

Average: $5,157/mo

Renting

$165k

Net cost over the horizon

Average: $2,745/mo

True cost paid

Source: lib.costs.trueCostMonthlyTotalCents

$362k

Principal repaid

Source: lib.costs.rentVsBuyPrincipalRepaidCents

-$52k

Buying net cost

Source: lib.costs.rentVsBuyVerdict

$309k

Rent paid

Source: lib.costs.rentVsBuyRentPaidCents

$201k

Deposit return

Source: lib.costs.rentVsBuyCompoundCents

-$37k

Renting net cost

Source: lib.costs.rentVsBuyVerdict

$165k