Is it cheaper to rent or buy in Victoria? The answer depends on your specific numbers and how long you plan to stay. This calculator compares the total cost of renting against buying — including equity built, home appreciation, and the opportunity cost of your down payment.
Default values reflect typical Victoria conditions as of 2026.
Your Scenario
If You Buy
If You Rent
Assumptions
Results
Things the Calculator Doesn't Capture
Stability and control: Owning means you can't be evicted by a landlord selling the property. In Victoria's tight rental market, this matters more than the numbers suggest.
Forced savings: A mortgage payment builds equity whether you feel like saving or not. Renting requires the discipline to actually invest the difference — and most people don't.
Lifestyle: Owning lets you renovate, have pets, and put down roots. These have real value that doesn't show up in a spreadsheet.
Transaction costs: When you eventually sell, realtor commissions (3–5%), legal fees, and moving costs will reduce your net equity. This calculator doesn't deduct selling costs.