Rent or buy comparison

Compare the yearly cost of renting against owning the same kind of home.

Rent you pay each week

Price of the home you would buy

Deposit you would put in

Interest rate (% per year)

Council rates and water a year

Building insurance a year

Maintenance a year

Renting costs a year

$31,200

Owning costs a year, money you do not get back

$44,000

Interest, rates, insurance and upkeep. Principal is excluded because it stays yours.

Owning costs more each year

$12,800

Cash out the door while owning would be about $50,898 a year including principal.

This compares ongoing costs only. It ignores price growth, rent rises and the upfront cost of buying, all of which matter over a long hold. Figures correct as at September 2026. Always confirm current amounts and thresholds with the State Revenue Office Victoria or a licensed conveyancer before relying on them..

This information is general in nature and does not take into account your personal financial situation. It is not financial, credit, tax, or legal advice. Please consult a licensed financial adviser, mortgage broker, or conveyancer or solicitor before making any decisions.