1 × Standard $115 /wk Get a quote

Rent vs buy

Standard Cube, 10sqm

Rent or buy? The real numbers.

Renting a 10sqm cabin costs $115 a week. Buying a comparable one costs tens of thousands up front. Move the slider to see where the lines cross.

6 months

Renting is a 10sqm Standard Cube at $115 a week plus a typical $600 Canterbury delivery. Ownership figures are the low end of each range and include transport and set-up.

Rent a Standard Cube$0
Hand it back any time after six months. No maintenance.
Buy a used cabin$19,300 to $22,300
Buy a new LBP-built cabin$29,100 to $46,100
Build a permanent sleepoutabout $35,000

The options, side by side.

OptionUpfrontOngoingFlexibility
Rent a 10sqm Cube CabinDelivery fee and one week’s rent$115 a weekHigh. Hand it back any time after six months.
Buy a new 10sqm LBP-built cabin$28,000 to $45,000Maintenance onlyLow. Moving it costs $500 to $1,500 each time.
Buy a used cabin$18,000 to $20,000Higher maintenanceLow. It may not be LBP-built.
Build a permanent sleepout$25,000 to $50,000NoneNone. Consent is sometimes needed.

Which one wins.

A

When renting wins

  • You need it for a few years, not for good. Against an equivalent new cabin, renting stays cheaper for roughly four and a half years or more.
  • You are not sure how long you will need it. A six-month term that rolls on beats a purchase that is hard to sell quickly.
  • The work moves. Sites change. Hire a cabin and shift it as needed.
  • You need it soon. A hired cabin is delivered finished, without a purchase and consent process first.
  • The cash is better used in the business. Hiring means no maintenance and no ownership risk.

B

When buying wins

  • You need it for five years or more in one place. Over a long fixed term, ownership eventually costs less.
  • You want to customise it. You cannot repaint, add a loft or fit a wet room in a hire cabin.
  • It adds value to your property. A consented, permanently placed sleepout can return more than it cost to build.

C

The costs people forget

  • Consent. A relocatable structure is treated differently from a permanent build by most councils. Check with yours before assuming either way.
  • Insurance. Some policies exclude structures that are not LBP-built or not consented. If you buy a cheap used cabin, call your insurer first.
  • Relocation. Moving a cabin you own costs $500 to $1,500 each time.
  • Resale. A well-kept LBP-built cabin holds its value. A cheap used one may be hard to resell.

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