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Buying still cheaper than renting in 518 Australian suburbs

Press coverage 29 October 2022 Summary of published coverage
Buying still cheaper than renting in 518 Australian suburbs

CoreLogic analysis identified 518 suburbs where monthly mortgage repayments on a house came in below average rents, with the Northern Territory, Western Australia and Queensland offering the greatest share and New South Wales, Victoria and the ACT very few. Unit buyers had a wider choice again. Commentators attributed rapid rent increases to lost rental stock, citing PIPA findings that Queensland supply fell about 30 per cent in two years.

Reported by

Jayden Fennell, Broker News, 29 October 2022

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