For 19 Arvocado Street, Coburg North
Verdict
No price growth
Renting costs less
$259k over 5 years
With 3% growth
Renting costs less
$112k over 5 years
Sale costs of 2.2% count in both scenarios.
Average gap: $4,325/mo
With no price growth, buying does not pull ahead within 30 years. With 3% growth, buying pulls ahead in year 26.
How we got this
Arvocado cost model | as of 2026-07-06 | Tax and moving costs are not modelled. Price growth shows in the growth scenario.
5-year horizon.
Arvocado cost model | Engine output.
Arvocado cost model | Engine output.
Victorian duty estimate
At the general rate. Paid once when buying.
Arvocado cost model
The renter invests the $52k stamp duty at the start. Each month buying costs more than rent, the renter invests the gap: $176k over 60 months. It grows at the 3.5% deposit return.
Arvocado assumption
Council rates: 0.35% of price each year. Arvocado assumption. Councils charge rates on property value, so this scales with the price until you have the rates notice. Home insurance: 0.12% of price each year. Arvocado assumption. Building cover follows rebuild cost, which rises with the price, until you have a quote. Maintenance: 1% of price each year. Arvocado assumption. A yearly set-aside for repairs that scales with the price; older homes often need more.
Arvocado cost model
2.2% of the price when you sell, in both scenarios.
Linked property estimate.
Weekly rent for a similar home.
Deposit sets the loan-to-value ratio (LVR). Current LVR: 80%.
Break-even curve
Scenario: No price growth, including 2.2% sale costs
No crossover within 5 years
Years
Buying
$376k
Net cost over the horizon
- Repayments and running costs
- $354k
- Loan paid off
- -$51k
- Stamp duty
- $52k
- Sale costs
- $21k
Average net cost: $6,273/mo
Renting
$117k
Net cost over the horizon
- Rent paid
- $179k
- Investment earnings
- -$62k
Average net cost: $1,948/mo
Not legal, planning, or financial advice.
How this is worked out
| Line | Tag | Amount |
|---|---|---|
| Buying cash paid Adds the monthly ownership costs across the selected horizon. Rates, insurance and maintenance rise with rent growth. | Estimate | $354k |
| Loan principal paid down Counts the loan principal paid down during the selected horizon. | Estimate | -$51k |
| Sale costs at the end Sale costs on the purchase price if you sell at the end. The growth scenario adds costs on the gain. | Estimate | $21k |
| VIC stamp duty VIC duty on the purchase price, paid once. Uses the first home concession when First home is on. | Estimate | $52k |
| Buying cost after principal Buying cash paid less principal, plus LMI, sale costs, and stamp duty. | Estimate | $376k |
| Rent paid Adds weekly rent across the horizon with the selected rent growth. | Estimate | $179k |
| Deposit earnings if renting Compounds the deposit while renting at the selected return. | Estimate | -$36k |
| Renter invests the difference The renter invests the stamp duty, and each month buying costs more than rent, the gap. Grows at the deposit return. | Estimate | -$26k |
| Renting cost after deposit earnings Subtracts deposit earnings and invested earnings from rent paid. | Estimate | $117k |
| Price growth at 3% Takes off the price gain and adds sale costs on that gain. Counts in the growth scenario only. | Estimate | -$148k |
| Purchase price Uses the price entered here or passed in from a linked property. | Your input | $950k |
| Deposit Uses the deposit entered here to set the starting loan size. | Your input | $190k |
| LVR Compares the loan amount with the purchase price. | Your input | 80% |
| Equivalent weekly rent Uses the weekly rent entered for a comparable home. | Your input | $639/wk |
| Horizon Sets how many years of buying and renting costs are counted. | Your input | 5 years |
| Rent growth Raises the rent each year by the selected growth assumption. | Assumption | 3% |
| Running cost growth Raises rates, insurance and maintenance each year at the rent growth rate. Repayments stay flat. | Assumption | 3% |
| Return after tax Compounds the unused deposit, and what the renter invests, at the selected return after tax. | Assumption | 3.5% |
| Sale costs Counts agent and sale costs when you sell at the end, in both scenarios. | Assumption | 2.2% |
| Loan setting Uses the selected loan rate and loan term. 6.2% is the RBA average rate on new owner-occupier home loans, July 2026 (table F6). | RBA | 6.2% p.a., 30 years |
| Council rates A yearly share of the price, counted each month and raised each year at the rent growth rate. Councils charge rates on property value, so this scales with the price until you have the rates notice. | Arvocado assumption | 0.35% |
| Home insurance A yearly share of the price, counted each month and raised each year at the rent growth rate. Building cover follows rebuild cost, which rises with the price, until you have a quote. | Arvocado assumption | 0.12% |
| Maintenance A yearly share of the price, counted each month and raised each year at the rent growth rate. A yearly set-aside for repairs that scales with the price; older homes often need more. | Arvocado assumption | 1% |
| Tax and moving costs | Off | Outside |
Share preview
No price growth
Renting costs less
$259k over 5 years
With 3% growth
Renting costs less
$112k over 5 years
Both include 2.2% sale costs.
Renting costs $259k less over 5 years under these assumptions.
19 Arvocado Street, Coburg North