Premium Only Content

Renting Or Buying A House In New Zealand - Which Is Best?
In this video we take a deep dive into some real-life numbers and compare the pros and cons of renting versus buying an average house in New Zealand. If you can save enough for a deposit to purchase a house (or even if you don't) we compare 2 options in this scenario - either purchasing a property or renting and investing the deposit for investment gains. We'll show you what the final numbers come out as based on our personal last 20 years of data. The results may surprise you!
⏱️ Video Chapters ⏱️
00:00 Intro
00:50 Background On Our House
01:37 Making Some Assumptions For Purchasing vs Renting
02:35 Caveats For Our Comparisons
03:20 Renting A House - Pros
04:03 Renting A House - Cons
04:26 Buying A House - Pros
05:11 Buying A House - Cons
06:20 Getting The Numbers - Historical Rental Prices In My Suburb
06:53 Historical House Prices In My Suburb
07:19 Historical Rates/Property Tax For My House
07:43 Historical Insurance Costs For My House
08:08 Maintenance Costs/Guesstimates In My Suburb
08:47 Summary Of Baseline Numbers
09:00 Inflation Over Time In New Zealand - Some Comparisons
10:47 Project Rental Prices Over The Next 30 Years
12:03 Projected House Prices Over The Next 30 Years
12:57 Projected Rates/Property Tax Over The Next 30 Years
13:51 Projected Insurance Costs Over The Next 30 Years
14:16 Projected Maintenance Costs Over The Next 30 Years
14:30 Opportunity Cost When Renting And Investing The House Deposit
15:30 Renting Vs Buying For A Single Person
21:31 Renting Vs Buying For A Couple (Or With Flatmates)
23:50 Summary
Mortgage Calculator: https://www.opespartners.co.nz/mortgage/calculator
Fix Or Float Your Mortgage?: https://www.consumer.org.nz/articles/mortgages-should-you-fix-or-float
Historic New Zealand Interest Rates: https://teara.govt.nz/en/graph/23100/interest-rates-1966-2008
✅ Subscribe for more frugal living and financial tips: https://www.youtube.com/ProjectFrugal?sub_confirmation=1
✅ Share this video with a friend: https://youtu.be/zx-hjS9Qpn0
Watch More:
💰 Frugal Living: https://www.youtube.com/playlist?list=PLCBFnCxFTkF1pHbniXl7NOuiHoUz6CTu4
💲 Financial Independence: https://www.youtube.com/playlist?list=PLCBFnCxFTkF3vKw_stH-tdttQX9iDEJYI
💓 Life: https://www.youtube.com/playlist?list=PLCBFnCxFTkF3rBa7qCtQPF8W3cCxCxol-
Let’s connect on Facebook!
📱 https://www.facebook.com/ProjectFrugalNZ
Let's connect on Instagram!
📱 https://www.instagram.com/ProjectFrugalNZ
Thanks for watching!
-
LIVE
IsaiahLCarter
1 hour agoAPOSTATE RADIO 016: WPATH's Pseudoscientific Insanity (feat. Mia Hughes)
287 watching -
LIVE
EricJohnPizzaArtist
5 days agoAwesome Sauce PIZZA ART LIVE Ep. #49: Rumble Gaming Night featuring Scottish Viking Gaming!
119 watching -
13:23
Exploring With Nug
22 hours ago $2.14 earnedWe Recovered A Stolen Truck From The Swamp!
28.5K2 -
28:59
Athlete & Artist Show
3 hours ago $0.90 earnedFlorida Panthers Sweep Oilers in Stanley Cup Final?
9.9K -
1:09:12
Adam Does Movies
1 day ago $0.52 earned31 On 31 - Law & Disorder Edition - Ranking 31 Mob Movies!
10.3K2 -
LIVE
SpartakusLIVE
2 hours agoNEW Easter Egg, SPECIALIST || Duos w/ @GloryJean followed by quads later!
87 watching -
LIVE
sophiesnazz
4 hours ago $2.57 earnedSEASON 4 UPDATE l PLAYING WI @spartakusLIVE !socials
640 watching -
1:04:22
Squaring The Circle, A Randall Carlson Podcast
1 day ago#049 Mysteries Of The Moon: Lunar Insights - Squaring The Circle: A Randall Carlson Podcast
11.8K3 -
18:48
Odd Man Out
3 days agoNew charges? This is really starting to feel like nothing more than a smear campaign
16.5K54 -
1:46:53
SHIFT
1 day ago $1.10 earned[LIVE] BIKINI FASHION MIAMI SWIM WEEK 2025 | Moxy by Fusion Fashion Events
9.74K1