We love home ownership in Australia, but does it really stack up over time? Firstly your rent will go up, somewhat in line with inflation and a fully paid property should improve your financial wellbeing in retirement.
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Disclaimer: The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorized Credit Representative.