🏠 Can I Afford to Buy?
Enter your savings, rent, and target house price. We'll work out stamp duty, deposit, loan repayments, and whether you can make the jump from renting to owning.
Set up dedicated savings buckets, auto-transfer on payday, and watch your deposit grow. 50 fee-free savers, no lock-ins. Sign up and get $10 free.
Calculate by state
Each state has different stamp duty rates and first home buyer concessions. Use a state-specific calculator for pre-set rates:
How this calculator works
We take your total savings and subtract stamp duty (based on your state, property type, and first home buyer status). The remaining savings become your available deposit. You choose how much deposit to put down using the slider.
The loan amount is the house price minus your deposit. We calculate monthly and fortnightly repayments at your chosen interest rate, then compare that to your current rent plus regular savings — because that's what you'd have available for repayments if you stopped renting and redirected your savings.
The interest rate slider lets you stress-test: what happens if rates go up 1–2%? Can you still afford it?
What's NOT included
- LMI (Lenders Mortgage Insurance): If your deposit is less than 20%, you'll likely need LMI — which can add $5,000–$40,000. Use our LMI Calculator for estimates.
- Legal and conveyancing fees: Budget $1,500–$3,000.
- Building and pest inspection: $500–$800 per property.
- Council and water rates: Ongoing costs that renters don't pay.
- Maintenance: Budget 1–2% of property value per year.