NZ rent vs buy calculator
Should you rent longer or buy your first home?
Compare a realistic buying scenario against renting and investing the deposit. Built for New Zealand first-home buyers who need a fast sanity check before talking to a mortgage adviser.
Information only, not financial adviceTune the numbers for your city/suburb
Estimated result after 7 years
Renting is ahead by $37,954
This compares projected home equity after selling costs with a renter investing the deposit and any annual cash-flow difference. It is a planning estimate only, not financial advice.
Buyer net position
$360,732
Renter investment position
$398,686
Monthly mortgage payment
$3,982
What this model includes
- • Mortgage repayments, remaining loan balance, and estimated sale costs.
- • Rates, insurance/body-corp, and a maintenance allowance.
- • Deposit and surplus cash invested if you keep renting.
- • Property-growth and investment-return sensitivity.
Borrowing power
Check how much a lender may let you borrow after DTI and servicing buffers.
Get the buyer pack
Use the checklist, inspection questions, and finance prep before viewing homes.
Need a second opinion?
Route your situation to a regulated professional when the numbers are close.
Start adviser match