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
Three bedroom houses
Two bedroom units
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