True Property Value Calculator
The blue calculator displays an estimation of the value of a property based on the amount of rent being paid at that property (or a similar house / unit). It removes the notion of shelter used as a speculative investment, and follows the principle that the cost of servicing a home loan should be reasonably close to the cost of renting.
The red calculator displays how much a home will cost in 30 years, determined by a yearly capital growth percentage. Often touted is the figure that a property will double every seven years, this calculator shows what will happen if you compare a house price in 30 years to CPI-increased salary.
Simply enter the price of a house you’ve seen for sale recently, and your current salary, and watch the joys of compound interest destroy the home-ownership dreams of future generations….