Use our calculator to compare the long-term costs of buying vs renting a property in NZ. This tool helps you make an informed decision based on your specific financial situation and local property market conditions.
Input Parameters
Results
Total net cost after 25 years:
Net Cost of Buying: £0
Net Cost of Renting & Investing: £0
Difference: £0
Recommendation:
Net Cost of Buying: Total costs of purchasing and maintaining the property, minus the final value of the home.
Net Cost of Renting & Investing: Total rent paid, minus the returns from investing the initial down payment and the difference in monthly costs.
A negative value indicates a net gain.
Understanding the Results
This calculator compares two scenarios over 25 years:
- Buying a home, building equity, and potential property appreciation.
- Renting a home and investing the money that would have been used for a down payment and the difference in monthly costs.
The lower net cost indicates the financially advantageous option based on the provided inputs and assumptions.
Want to know more about how this calculator works? Check out our How It Works page.
Understanding Your Results
The calculator compares the total costs of buying and renting over the specified period. It takes into account factors such as mortgage payments, property appreciation, rent increases, and potential investment returns. A lower total cost suggests that option may be more financially advantageous in the long term.