A simple calculator to determine if you are financially better off to rent or buy a property. Feedback welcomed in the comments below.

Notes:

  • this calculator has been tailored to the Australian market (eg. rent is expressed in weeks)
  • there are many ‘hidden’ costs of owning a property that have not been listed here to keep the calculator simple

Stamp duty can be obtained easily here.

For those who really like the detail, a far more comprehensive calculator by the New York Times is available.