It’s Now Cheaper to Buy than Rent in One-Third of Australia

With record-low interest rates available to borrowers, it is now cheaper than ever before to service a home loan.

So much so, that according to the latest data from CoreLogic, 36.52% of Australian properties are more cost-effective to buy and service the debt, than to rent.

These areas are predominantly in regional Australia but also include many of the major cities outside of Sydney and Melbourne. Darwin is the most popular city, with 86.5% of properties cheaper to buy than rent.

‍