Saturday, 23 February 2013

388 suburbs in Australia are now cheaper to buy than rent. Find out where for free!

 

The cost “difference between buying and renting in Australia” has fallen significantly:

    •    Discounted variable mortgage rates are now 1.25% lower than their 2011 peak and fixed mortgage rates are more than 2.10% lower
    •    Capital city property prices are almost 6% lower than when they peaked back in October 2010
    •    Rental rates are rising, up 4.2% over the past year for houses and 2.9% higher for units across the capital cities

ScreenHunter_16 Feb. 24

Get a free listing on Australian property directory over here

 

Data from 2012 to help you make the invest or buy decision

Range of suburbs where it is currently cheaper to buy
than rent:


1. Servicing a principal and interest loan on a variable mortgage rate: 388 suburbs
2. Servicing an interest only loan on a variable mortgage rate: 1,975 suburbs
3. Servicing a principal and interest loan on a three year fixed mortgage rate: 674 suburbs
4. Servicing an interest only loan on a three year fixed mortgage rate: 2,991 suburbs

Full report available here , here and also here

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