THERE is some good news for those who feel high property prices have locked them out of the buying market – renting is becoming more affordable.
A massive slowdown in rent increases when combined with rising pay packets means renting is now more affordable this year, according to analysis by comparison sitefinder.com.au.
Finder money expert Bessie Hassan said they had analysed how much rents had changed nationally compared with wages.
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When wage growth and rental drops are taken into account, renting has become more affordable.