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