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Mortgage and property-related calculators — repayments, stamp duty, borrowing power and buy-vs-rent, all built on current rates.
Stamp duty is charged on a property's purchase price (or market value) using progressive rates that vary by state and territory. Many states offer concessions or exemptions for first home buyers below a price threshold.
Lenders Mortgage Insurance protects the lender, not you, and is typically required when your deposit is under 20% of the property price (loan-to-value ratio above 80%). It's usually a one-off premium added to the loan.
Borrowing power depends on your income, expenses, existing debts and the lender's serviceability buffer, which tests you can still afford repayments a few percentage points above the actual rate.
It depends on how long you plan to stay, local price-to-rent levels and the opportunity cost of tying up a deposit. Compare your own numbers with the Rent vs Buy calculator rather than relying on a rule of thumb.
Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.
This calculator exists to show you the arithmetic. It applies published Australian rates, thresholds and formulas to the numbers you enter and shows the working, so you can check it. That is all it does — it produces a number and describes what the number is. It does not recommend anything and it holds no opinion about any financial product.
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This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Before you make a financial decision, consider obtaining advice from someone who holds an Australian Financial Services Licence. We do not, and we cannot advise you.