What does my rent buy me?

Are you currently renting? Have you ever wondered what kind of house you can buy with the money you are using to pay off rent? One downside to renting is that you pay month after month without getting anything in return for the long run–unlike purchasing a home, which you can use as an investment. A good starting point could be the answer to “What does my rent buy me?”

Our calculator gives you an idea of how much rent you are currently paying that you could apply to your mortgage. You can see what your rent will buy you by adding in a loan amount which has an equal payment to your current rent repayment. Please note additional costs in owning a house include: rates, house insurance and any ongoing house maintenance.