It’s Cheaper to Buy Than to Rent for Over a Third of Australian Properties

It’s Cheaper to Buy Than to Rent for Over a Third of Australian Properties
A real estate advertising board is seen next to a house in Canberra, Australia, March 1, 2019. AAP Image/Lukas Coch
Rebecca Zhu
Updated:

Buying is now cheaper than renting in over one-third of Australian properties, aided by eight months of record low-interest rates, property researcher CoreLogic found.

The company’s analysis showed that it is cheaper to repay home loans than to rent for 36.3 percent of Australians properties, up from the 33.9 percent reported in Feb. 2020.