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First Home Guarantee
Rent vs Buy: First Home Guarantee Comparison
Assumptions:
- 6% fixed interest rate (for illustration purposes – real rates may vary).
- 30-year loan term.
- Property grows at 6.4% p.a. (based on 30-year WA average).
- Rent increases at 8.3% p.a. (CoreLogic).
- Principal & Interest repayments calculated using standard amortisation formula.
written by:
Ben Hart
Ben joined the McKinley Plowman team in 2017 as a Marketing & HR Assistant, after completing a Bachelors degree in Marketing & Management from the University of Western Australia. Ben has since stepped up to the role of Marketing Manager and oversees the marketing activities for MP+ and many of our clients.
Ben enjoys helping clients take their businesses to the next level with thoughtful marketing strategies, innovative solutions, and timely reviews to ensure great outcomes. When he's not in the office, you'll find Ben playing football (soccer), watching it, or reading about it.
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