Where it’s cheaper to buy property than rent across Australia
Property News - 01 July 2021
By Sue Williams Domain Reporter
It is currently cheaper to buy a home than pay rent in over a third of all the Australian suburbs for which there are reliable statistics, a landmark Domain study has found.
Even more shocking is the fact that, in some cases, those mortgage repayments can add up to less than half the weekly rent.
And while buying is cheaper mostly in regional areas of the country, and on the outskirts of cities, some of the biggest bargains are found in some desirable areas, such as Mollymook Beach on the south coast of NSW and Portland on Victoria’s southwest coast.
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