Should I Rent or Buy?
Compare the long-term financial impact of renting versus buying a home.
Your Details
%
0%10%
years
5years30years
Key Insight
By buying, you could be $865,943 better off after 10 years
Based on your inputs and assumptions
If You RENT
Net position after 10 years
$96,216
Total rent paid-$286,000
Deposit invested & grown$96,216
BETTER OFF
If You BUY
Net position after 10 years
$962,159
Estimated property value$962,159
Equity built$962,159
Wealth Trajectory Over Time
Comparing your net position if you rent vs buy
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Year-by-Year Breakdown
| Year | Rent Position | Buy Position | Difference |
|---|---|---|---|
| 0 | $65,000 | $65,000 | +$0.00 |
| 1 | $67,600 | $133,950 | +$66,350 |
| 2 | $70,304 | $206,817 | +$136,513 |
| 3 | $73,116 | $283,834 | +$210,718 |
| 4 | $76,041 | $365,251 | +$289,211 |
| 5 | $79,082 | $451,332 | +$372,250 |
| 6 | $82,246 | $542,357 | +$460,112 |
| 7 | $85,536 | $638,626 | +$553,090 |
| 8 | $88,957 | $740,454 | +$651,497 |
| 9 | $92,515 | $848,179 | +$755,664 |
| 10 | $96,216 | $962,159 | +$865,943 |
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Disclaimer: These calculations are estimates only and should not be considered financial advice. Results are based on the information you provide and general assumptions. Please consult with a qualified mortgage broker for personalised guidance tailored to your individual circumstances.