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Rent or buy calculator

Renting but looking to buy?

Our rent or buy calculator helps you compare the cost of renting versus owning a home, so you can make an informed decision based on your goals and budget.
$
%
years

Using your current rental payments, you could be paying off an estimated loan of:

$244,953

With a 20 % deposit of $0, your total buying power could be

$0
This calculator is designed to give you an estimate of what size loan your rental payments may be able to service, using the interest rate and loan term you have selected in the calculator. It is not an indication of your borrowing power and has not taken into account factors that would be considered in a credit assessment if you apply for a home loan. The results do not constitute any agreement by any lender to provide credit. Initial calculations are based on average rent for a 2 bedroom apartment in Australia of $650 per week at 5.80% for 30 years, paying principle and interest.
If you're currently renting in across Busselton or surrounding areas in Western Australia and wondering if it's time to buy, talk to your local mortgage broker ar Geo Bay Finance.

We help you understand what the numbers mean for your situation and explore whether buying now, investing in property or continuing to rent makes the most sense for your financial situation right now. But we don't stop there. Your broker will aslo help you map out a plan for the future.

With access to over 50 lenders, we can guide you through your options now, so you can make your next move sooner.

Next steps

Ready to take the next step toward your property goals? Whether you’re planning to buy, refinance or invest, our team at Geo Bay Finance is here to help. Book a chat today and we’ll walk you through your options with clear, practical advice tailored to your needs.
Let's Talk
Ben Bevan Mortgage Broker Western Australia
Ben Beven
Finance & Mortgage Broker

Calculator FAQs

  • Income and Expenses: The calculator assumes the income entered is accurate and does not factor in living expenses or existing debts, which lenders will assess separately.

  • Interest Rate and Loan Term: A default interest rate of 5.5% and a 30-year loan term are used unless adjusted. Changes to these inputs will affect the results.

  • Repayment Capacity: The calculation assumes up to 30% of your gross monthly income is allocated to loan repayments.

  • Indicative Only: Results are estimates and may vary based on individual lender policies and criteria.

  • Purpose: This tool provides general guidance only and is not a substitute for personalized financial advice or a lender’s assessment.

Calculate my borrowing power

Borrowing power refers to the amount a lender may allow you to borrow based on your income, expenses, debts, and financial situation. It’s an estimate and can vary between lenders.

No, the borrowing calculator provides an estimate only. This estimate would include any existing loans you have. The final amount will depend on a lender's assessment of your full financial situation, including their specific lending criteria.

Approval times can vary between lenders. Generally, pre-approval can take a few days, while full approval may take one to two weeks once all documents are provided. We handle the process and keep you updated every step of the way.

Call us, were here to help

Our expert insights will help guide you through the process and get you to your goal sooner.

As your broker a question

As us anything. We dont charge for our services and are here to help, so drop us a question or book in a time to chat.
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We get it, you’re in the moment. Apply online and we will send you the top 3 rates for your loan.
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Lending solutions tailored just for you

Busselton
Wester Australia
6280
0417 759 442
Geo Bay Collective Pty Ltd (ACN: 681 231 676 & Credit Representative: 572138) trading as Geo Bay Finance is
authorised under Australian Credit License 384 324.
This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.
  • 2026
Geo Bay Finance

Loan type: Residential property

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Your next move starts with hello

Getting finance sorted starts with a simple chat. Share your idea with us, and we’ll help turn it into reality — minus the stress.
Call us now on 0417 759 442