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ISCOVER
The dramatic reduction in interest rates in recent months, moderate property price falls and record rental increases have seen 74 Australian suburbs become cheaper for buying than renting.
Research released by RP Data today revealed that New South Wales has the most cheaper-to-buy-than-rent suburbs available.
The research also showed that there is an almost even split between regional and capital city metro areas in terms of suburbs where it is now cheaper to buy – 54 per cent of locations were regional while 46 per cent were located in metro city areas.
Should interest rates fall another 0.50 per cent, RP Data said this list could double.
Top suburbs where it’s now cheaper to buy than rent
NSW (29 suburbs)
Metro
Rosehill
Regents Park
Haymarket
Wyong
Rushcutters Bay
Regional
North Dubbo
Coomba Park
Tolland
Metford
North Lismore
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QLD (16 suburbs)
Metro
Beachmere
Sunnybank Hills
Highland Park
Pacific Pines
Sippy Downs
Regional
Dysart
Moranbah
Collinsville
Moura
Woree
Victoria (6 suburbs)
Metro
Melton West
South Kingsville
Regional
Yallourn North
Murtoa
Irymple
Dimboola
ACT (4 suburbs)
Hackett
Curtin
Farrer
Hughes
NT (3 suburbs)
Metro
Ludmilla
Regional
The Gap
Gillen
SA (6 suburbs)
Metro
Gilles Plains
Regional
Whyalla Playford
Whyalla Norrie
Port Pirie West
Whyalla
Solomontown
WA (10 suburbs)
Metro
East Perth
Regional
Baynton
South Hedland
Dampier
Kambalda West
Rangeway
