Australian Suburbs Where it's Cheaper to Buy than Rent

To own, or to rent? That's the question many investors and home owners ask themselves.

So how do you know which option is better for your hip pocket, now and for your future? The location of your property can help determine which avenue is smarter.

This infographic shows the top three suburbs in Queensland, Victoria and New South Wales that make more sense to purchase than to rent.

Here's a look at the suburbs which are smarter to own than to rent in each state by dwelling type and number of bedrooms right now.

The data is taken from our latest smarter to own than rent suburbs report - which we publish on the first of each month.

The full report includes the top 50 suburbs in each state and territory, which is free to download.

smarter to own than rent suburbs

Housing market slowdown intensifies as demand pressures mount

Cotality’s national Home Value Index (HVI) fell 0.4% in June, the largest monthly decline since December 2022, led by drops in Sydney (‑1.2%), Melbourne (‑1.0%) and the ACT (‑0.6%).

Cash rate target unchanged at 4.35 per cent

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent.

National values stall in May amid stronger housing headwinds

Cotality’s national Home Value Index held steady in May, signalling a further loss of momentum across most housing markets. Beneath the flat national result, Sydney and Melbourne are leading the downturn, with dwelling values declining 0.9% and 0.8% respectively over the month, and now sitting 2.1% and 2.9% below their cyclical peaks in November last year. The ACT also recorded a modest fall, with values down 0.2% in May.

Property Investment Blog

Australian Suburbs Where it's Cheaper to Buy than Rent

Australian Suburbs Where it's Cheaper to Buy than Rent

Real Estate Investar Editor

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