cheaper to BUY than rent

REVEALED: The top 10 suburbs in each capital city where it’s cheaper to BUY than rent

PHOTO: In Adelaide, Elizabeth South is $772 a month cheaper to buy than rent for three bedroom homes

  • New analysis has revealed the suburbs where it is cheaper to buy than rent
  • More than half of dwellings are now estimated to be better for home ownership 
  • Suburbs where buying is more affordable than renting include Brisbane City 

The suburbs where it is cheaper to buy than rent for both homes and units have been revealed.

More than half of properties across Australia are now more affordable to purchase than lease out, new analysis by realestate.com.au shows, as interest rates remain at record lows.

Economists crunched the numbers to determine 56.8 per cent of dwellings are cheaper to buy, taking into account current property prices and a decade-long analysis of finances associated with renting and buying.

CHEAPER TO BUY THAN RENT

Greater capital city

Sydney

Melbourne

Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

 

Three bedroom houses

Tacoma

Watford Park

Kilcoy

Elizabeth South

Hilbert

Clarendon Vale

Zuccoli

Coombs

 

Two bedroom units

Kangy Angy

Frankston North

Brisbane City

Glanville

Wanneroo

Glebe

Darwin City

WE DON’T ROAST OUR BEANS UNTIL WE HAVE YOUR ORDER

Fergs Coffee

READ MORE VIA THE DAILY MAIL

MOST POPULAR