Mortgage Refinance Calculator
Estimate potential savings with our Mortgage Refinance Calculator. Compare rates, adjust your loan term, and start planning your refinancing strategy!
View nowRent Affordability Calculator
Calculate How Much Rent You Can Afford
Carlisle Homes’ Rent Affordability Calculator is designed to make renting simpler and stress-free. By entering your weekly income, expected rent payments, and other expenses, this tool calculates your rent-to-income ratio to help you determine if a rental property fits within your budget. Whether you’re moving into a new rental or planning an upgrade, Carlisle’s calculator offers valuable insights so you can make informed decisions that align with your lifestyle and financial goals.
How To Calculate Your Rent Affordability
To calculate how much rent you can afford, enter your weekly income before tax, the rent payments you're considering or currently paying, and your estimated household expenses such as utilities, groceries, and transport. Providing accurate details will give you a clear picture of your rent affordability and help you budget more effectively.
Award-Winning Home Builder
Carlisle Homes is thrilled to be recognised as Australia's Most Professional Major Builder for 2023 by the Housing Industry Association (HIA). The HIA's annual awards program is the highest measurement of excellence within the residential building industry. So if you’re looking for award-winning home designs, ours are among the best in Australia.
How Does the Rent Affordability Calculator Work?
Carlisle’s Rent Affordability Calculator assesses your weekly income and calculates how much affordable rent you can pay without overstretching your budget. It considers your weekly or monthly rent and estimated living costs such as utilities, groceries, and transportation. By factoring in your other costs, the calculator estimates whether your rent fits within your overall budget.
This tool assumes your income and expenses remain steady. It's designed to help you understand how much you can comfortably spend on rental properties while still saving for goals like a house deposit.
Supported by Finance Experts
Carlisle Homes’ Rent Affordability Calculator was developed with support from our finance team to estimate the costs involved in renting. While it offers valuable insights and practical pointers for budgeting, it’s important to remember that these are estimates. Use this calculator as a guide to help you understand your budget and make informed decisions as you plan your next rental.
2024 Master Builders Australia Large Residential Builder
2023 HIA Victoria’s Most Professional Builder
2023 HIA Australia’s Most Professional Builder
2023 Master Builders Australia Large Residential Builder
2023 Australian Achiever Awards Excellence in Customer Service
2022 HIA Victoria’s Most Professional Builder
2022 Master Builders Australia Large Residential Builder
2022 Australian Achiever Awards Excellence in Customer Service
2021 HIA Australia’s Most Professional Builder
2020 HIA Victoria Most Professional Builder
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Mortgage Repayment Calculator
Estimate your monthly home loan repayments and see how extra payments and interest rates affect your balance. Start planning your financial future now!
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Home Loan Calculator
Estimate your monthly home loan repayments with our calculator. Compare options and confidently plan your budget—start your journey to homeownership now!
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Deposit Savings Calculator
Use Carlisle Home’s Deposit Savings Calculator to track your savings progress and reach your savings goals. Estimate how much interest you’ll earn!
View nowWe work with industry-leading finance specialists
Our in-house construction finance specialists offer you free, transparent and no obligation financial services, to save you time and money, and get you into your new home faster.
These industry-leading mortgage experts will take the time to ask the right questions to help you compare hundreds of loan options and find the most suitable loan for your individual needs.
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Complete the form to start your home building journey today.
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Your information is collected by Carlisle Homes Pty Ltd and will be used and held in accordance with our Privacy Policy. This information is collected for the purpose of inclusion on our communications database and for the purpose of providing access to key features on our website. The purpose of this communications database is to provide members with information about Carlisle Homes and/or our related services or products. For further information on our Privacy Policy or our complaints process please read our Privacy Policy.
Success stories
Michael & Tina
From plans to renovate and extend to custom designed duplex townhomes – this busy young family soon realised that knocking down and rebuilding was their only option to build the home of their dreams.
See their story
Mitar & Tracey
With location a priority and a very clear idea of what they wanted in a new home, this clever couple made early plans to knockdown and rebuild.
See their story
Sameer & Priya
Offering so much space and brightness, this young family fell in love with the Montague Grand floorplan and could see the possibilities in creating a home exactly as they wanted.
See their story
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Frequently Asked Questions
How accurate is the Rent Affordability Calculator?
Our Rent Affordability Calculator estimates the weekly rent and other expenses you enter. While it’s a useful guide, actual costs may vary depending on additional factors such as fees from real estate agents and property-specific expenses.
Does the calculator include all living costs?
Yes, the calculator factors your weekly rent and estimated living costs such as utilities, groceries, and transport. However, it does not include one-off expenses like a rental property clean or moving costs, which you should account for separately.
How can this calculator help when working with property managers and real estate agents?
The calculator helps you understand your budget before discussing potential rental options with property managers or real estate agents. It provides a clear estimate of what you can afford regarding weekly rent, helping you negotiate more confidently.
Does the calculator account for lease terms like fixed or flexible leases?
While the calculator estimates how much rent you can afford, it doesn’t differentiate between fixed leases and flexible arrangements. Property managers typically offer guidance on lease terms during the rental process.
How much rent can I afford?
A common guideline for determining how much rent you can afford is the 30% rule, which suggests that you should spend no more than 30% of your gross monthly income on rent. For example, if your monthly income is $5,000, you should aim to spend no more than $1,500 on rent.
However, other factors like your total living expenses, existing debts, and savings goals should be considered. You can also use a rent affordability calculator to input your income and expenses, giving you a more personalised estimate of what you can comfortably afford without overstretching your budget.