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More dwellings cheaper to buy than rent post-COVID By Malavika Santhebennur 15 July 2021 It is now cheaper to service a mortgage than pay rent on a larger proportion of properties compared with pre-COVID-19 crisis, according to new research. CoreLogic’s weekly Property Pulse has revealed that servicing a mortgage has become cheaper than paying rent on 36.2 per cent of Australian properties, higher than the pre-COVID-19 proportion of 33.9 per cent reported in February 2020. The analysis found that just over a quarter (26.2 per cent) of properties are cheaper to buy in the combined capital cities, while this figure jumps to 60.1 per cent in the combined regional cities. ....
More than 1 in 3 Aussie properties cheaper to buy than rent smartpropertyinvestment.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartpropertyinvestment.com.au Daily Mail and Mail on Sunday newspapers.
More than 1 in 3 Aussie properties are cheaper to buy than rent realestatebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestatebusiness.com.au Daily Mail and Mail on Sunday newspapers.
Property market update: Melbourne, February 2021 By Zarah Mae Torrazo 12 March 2021 | 1 minute read SHARE Against a backdrop of surging national property values, Melbourne’s housing market continued to stage a comeback in February, building on the progress it recorded in January. Can the Victorian capital sustain its momentum in the following months? Melbourne’s property market continued its recovery mode in February, leading the gains in the record-breaking surge in national dwelling values during the month. The continued upward trend in Melbourne’s property values indicates that the Victorian capital may have caught up from its weaker performance through 2020. CoreLogic’s research director, Tim Lawless said that the combination of record low mortgage rates, improving economic conditions, government incentives and low advertised supply levels support the conditions for a broad-based boom in Australia’s property markets. ....
High-end capital city markets lead property upswing smartpropertyinvestment.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartpropertyinvestment.com.au Daily Mail and Mail on Sunday newspapers.