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For 94 suburbs across Australia it has become cheaper to buy than rent, a report by RP Data has found.
The report, prepared on behalf of the Commonwealth Bank, said the mortgage-friendly suburbs included Hackett in Canberra, Darlington in Sydney, Beachmere in Brisbane and Carlton in Melbourne.
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According to the report, the number of suburbs where it is now cheaper to service a monthly mortgage payment increased from 74 to 94 in the six months to July.
Victoria and Queensland both added 10 extra suburbs to the list compared with six months ago.
