68 Channel Street, Russell Island, sold for $160,000 in January. It’s a three bedroom, one bathroom, two car space house on a 546sq m block of land.
The analysis looked at suburbs where the median price for houses and units saw mortgage repayments - both variable and fixed - sit under $250 per week. It was based on a 30-year loan with a principal and interest variable rate of 3.65 per cent and a 2.35 per cent three-year fixed rate loan.
Houses made up the bulk of the suburbs where it was cheaper to buy than rent - two of which were in Greater Brisbane, Russell Island and Toogoolawah, and a massive 58 across the rest of the state.