General information only. This calculator is an educational estimate, not personal financial, tax, legal or credit advice; a recommendation; a valuation; or an offer of credit. It does not consider your objectives, financial situation or needs. Actual outcomes may differ materially and past growth or returns do not predict future results.

• The buying model uses a principal-and-interest loan with a constant rate and monthly repayments. It excludes offset/redraw benefits, refinancing, rate changes, lender fees, LMI, grants and concessions. A lender will apply its own criteria and serviceability assessment. APRA currently requires regulated banks to apply a serviceability buffer of at least 3 percentage points above the loan rate.
• Transfer duty and first-home buyer concessions differ by state or territory and can change. Enter your own estimate under “Buying costs”. Moneysmart notes a 20% deposit is a useful target and may avoid lenders mortgage insurance, while eligible buyers may have other pathways.
• Owner costs are intended to cover items such as council rates, insurance, strata/body corporate fees and maintenance. The renting model assumes the deposit, buying costs and any positive monthly cash-flow difference are invested; if renting costs more, the difference is withdrawn from investments. Tax, fees and investment volatility are not modelled.
• Buying wealth is shown as estimated property value less the loan balance and nominated selling costs. A home that remains your main residence is generally exempt from capital gains tax, but exceptions can apply, including if it is used to produce income. Seek tax advice for your circumstances.
• Use this result as one input only. Consider your desired flexibility, job and family plans, emergency savings, transaction costs and how long you expect to stay. Get independent professional advice before acting.

Official references: ASIC Moneysmart — Buying a house · APRA — APS 220 Credit Risk Management · ATO — Your main residence · ASIC — Generic calculators.