This calculator helps explore the potential advantage of either leasing or purchasing a property over time and decide whether it’s better to buy or rent a home based on inputs you enter and suppositions.
Conclusion: This calculator does not consider the tax implications of buying and renting a property and return on any savings or investment. In the renting scenario, it is accepted that a year comprises of 26 fortnights or 52 weeks which is considered 364 days rather than 365 or 366 days.