What Does Home Ownership
Actually Cost?
Mortgage repayments, council rates and insurance. You want to know what you're getting yourself into, right? Calculate it here with ease!
Show costs per
Mortgage Repayments
Based on purchase price, deposit & interest rate
$
$
Loan Size
$600,000
Weekly Repayment
$893
$1,786 per fortnight · $3,871 per month
Council Rates
Average annual rates by district
Weekly Rates
$46
$92 per fortnight · $200 per month
Home Insurance
Estimated premium — house & contents
Weekly Insurance
$40
$81 per fortnight · $175 per month
Your Total Ownership Costs
Mortgage + Council Rates + Insurance combined
Mortgage
$893
per week
Council Rates
$46
per week
Insurance
$40
per week
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Disclaimer: These figures are estimates only and are intended as a general guide. Mortgage repayments assume a principal & interest table loan. Council rates are based on publicly available district averages and will vary depending on your property's capital value. Insurance estimates are indicative only — actual premiums depend on your insurer, property age, construction type and location. This tool does not constitute financial advice. Patrick Sargisson is a Mortgage Adviser at Guardian Smith Mortgages.