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Is it cheaper to buy than rent – and where?
By Maja Garaca Djurdjevic
30 April 2021
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1 minute read
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According to REA’s inaugural
Insights Buy or Rent Report, it is cheaper to buy than rent more than half of properties in Australia, thanks to the Reserve Bank and its low-rate perseverance.
And while results naturally differ by property type, REA’s research – which hinges on current prices and a 10-year analysis of all the costs associated with buying and renting – concludes that just over half of houses are cheaper to buy over the next 10 years, while this rings true for as many as 75 per cent of units.