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	Rent vs Buy - Comparison Calculator
	Input Scenario Details							Detailed Results				Summary Results
	Property							Projected value at sale:	518,085.50			Buy
	Property purchase price $:	350,000						Capital gain:	168,085.50			Projected value at sale:	518,085.50
								Capital gain %:	48.0%			Less outstanding mortgage at sale:	282,235.30
	Assumptions											Less total loan payments over the period:	248,540.50
	Expected property appreciation pa %:	4.0%										Less total expenses paid over the period:	84,042.75
	Expected rate of inflation pa %:	4.0%										Less cost of property sale:	19,243.18
	Expected occupation period - years:	10										Less initial deposit:	35,000.00
	Property Purchase Costs		Amount	or	Calc? 'Y' if yes							Total to live in property over the period:	-150,976.23
	Stamp duty $:	16,660		###	Y							Averaged monthly over the period:	-1,258.14
	Transfer fee $:	951		951	Y
	Stamp duty on loan $:	1,303		###	Y
	Conveyencing $:	500	500									Rent
	Other (Insp, Valuation, Motgage Ins) $:	200	200									Final net investment value:	42,916.44
	Total property purchase costs:	19,614										Plus money saved & invested over the period:	13,662.58
												Less total rent paid over the period:	196,059.18
	Mortgage		Amount	or	% of PP			Loan amount:	334,614.20			Less initial deposit:	35,000.00
	Downpayment or deposit $:	35,000		###	10.0%			Monthly repayment:	2,071.17
	Loan interest - real rate (AAPR) %:	6.3%										Total to live in property over the period:	-174,480.16
	Loan term - years:	30						Total loan payments over the period:	248,540.50			Averaged monthly over the period:	-1,454.00
								Total interest:	196,161.60
								Total principal payments:	52,378.90
	Annual Expenses		Amount	or	% of PP			Outstanding mortgage at sale:	282,235.30
	House insurance (0.3) $:	1,050		###	0.3%							Buy WINS by a total of:	23,503.93
	Maintenance (1) $:	3,500		###	1.0%							Averaged monthly over the period:	195.87
	Council & water rates (0.7) $:	2,450		###	0.7%
	Other Annual Expenses $:	-		-
	Total annual expenses:	7,000						Total expenses paid over the period:	84,042.75
	Cost of Property Sale		Amount	or	% of SP
	Agents commission (3) %:	15,543		###	3.0%
	Conveyencing $:	740	500
	Advertising $:	2,960	2,000					Total annual cost differences:	136,524.07
	Use future value? 'Y' if yes:	Y						Total annual cost differences - compound:	150,186.65
	Total cost of property sale:	19,243						Total saved & invested over the period (rent):	13,662.58
	Renting Expenses		Amount	or	% of PP			Monthly rent start:	1,458.33
	Rental rate per week (5) $:	337		337	5.0%			Monthly rent end:	1,866.79
	Annual rent increase rate (2.5) %:	2.5%						Annual rent start:	17,500.00
								Total rent paid over the period:	196,059.18
	Investment Details
	Personal tax rate inc medicare (48.5) %	48.5%						Initial investment amount:	35,000.00
	Expected investment return pa %:	4.0%						Gross invesment value:	51,808.55
								Less tax on investment:	8,892.11
								Final net investment value:	42,916.44
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