Compare monthly renting and ownership scenarios.
Updates instantly. No input storage.
Compares estimated monthly renting with estimated monthly ownership costs.
The bars compare monthly cash-flow estimates only and exclude long-term gains, tax, and opportunity cost.
This NZ rent vs buy calculator turns weekly rent into an estimated monthly rent figure, then compares it with estimated mortgage repayments plus the annual ownership costs entered by you. Ownership costs might include rates, insurance, maintenance, and other recurring costs you choose to include.
Use it as a cash-flow comparison after checking deposit, buying costs, and repayments. General information only. Estimate only. Results depend on user inputs.
If rent is $720 per week, monthly rent is about $3,120. A purchase scenario uses the estimated loan repayment plus ownership costs.
A renter comparing an $850,000 property could test a 20% deposit, then change the interest rate or ownership-cost estimate to see how sensitive the monthly difference is.
This calculator does not model capital gains, rent increases, property price changes, tax, investment returns, opportunity cost, repairs, body corporate costs, insurance changes, or personal lifestyle factors.
It does not recommend renting or buying, predict investment returns, imply lending approval, or confirm affordability. Not legal, financial, tax, valuation, mortgage, insurance, investment, property, lending, or compliance advice.
The estimate combines a weekly-to-monthly rent conversion, a standard amortising repayment calculation, and user-entered ownership costs. Review assumptions against current rent, lender information, council rates, insurance quotes, maintenance expectations, and professional advice.
Use the buyer property planning workflow before relying on a rent vs buy comparison, because deposit, buying costs, LVR, and DTI can change the picture.
Relevant guide: First Home Buyer Checklist NZ.
