Bhg
  • Shop
  • News
  • Food
  • DIY
  • Garden
  • Renovating
  • Decorating
  • Property
  • Health
  • TV
Bhg
  • Shop
  • News
  • Food
  • DIY
  • Garden
  • Renovating
  • Decorating
  • Property
  • Health
  • TV
Subscribe
YOU’LL NEED A WEDGE TO HANG THAT DOOR
Watch 6:32

YOU’LL NEED A WEDGE TO HANG THAT DOOR

{headline}

{headline}

5 legal ways to reduce your capital gains tax on investment property

5 legal ways to reduce your capital gains tax on investment property

How you can save money on your home loan by going green

How you can save money on your home loan by going green

This is how long it takes to save a home deposit in Sydney

This is how long it takes to save a home deposit in Sydney

The potential property hotspots for 2020

The potential property hotspots for 2020

{headline}

{headline}

The January 2020 changes all first home buyers need to know about

The January 2020 changes all first home buyers need to know about

Why you should reconsider hosting an open house inspection

Why you should reconsider hosting an open house inspection

How to know if a home isn’t worth the listed price

How to know if a home isn’t worth the listed price

{headline}

{headline}

Three things you should never do at an open house inspection

Three things you should never do at an open house inspection

How to find the right suburb for your ‘forever’ home

How to find the right suburb for your ‘forever’ home

4 pre-sale home updates that aren’t worth the money

4 pre-sale home updates that aren’t worth the money

Simple things you can do to increase the value of your home

Simple things you can do to increase the value of your home

How real estate ads are trying to trick you

How real estate ads are trying to trick you

5 things no one tells you about buying an investment property

5 things no one tells you about buying an investment property

 How to find and buy your dream home

How to find and buy your dream home

  1. Home
  2. Finance

The suburbs in Australia where it’s cheaper to buy than rent

Closer to capital cities than you may think. - by Laura Barry
  • 13 Nov 2019

It’s no secret that buying property in Australia is a tough dream to realise for first home buyers, but it seems like there are still some suburbs in Australia where it is cheaper to buy a property than it is to rent.

WATCH: where to find the most expensive properties in Australia 

 

It may seem hard to believe that there are any suburbs left in Australia where first home buyers don’t feel priced out of the market, but that’s exactly what new research created for the Australian Financial Review suggests – and the locations are that far away from capital cities.

The research was conducted by CoreLogic and it identified a number of Australian suburbs where it is cheaper to buy property than rent, based on a 20% deposit for a 30-year loan at a 4.25% variable rate.

Suburbs where buying is cheaper than renting

Carlton, Victoria

An average monthly mortgage repayment of $1439, versus monthly rental cost of $2122

Ropes Crossing, NSW

An average monthly mortgage repayment of $1919 versus a monthly rental cost of $2083

Adelaide, SA

An average monthly mortgage repayment of $1502 versus a monthly rental cost of $1912

Logan Central, QLD

An average monthly mortgage repayment of $1014 versus a monthly rental cost of $1495

Gagebrook, Tasmania

An average monthly mortgage repayment of $951 versus a monthly rental cost of $1683

Wyoming, NSW

An average monthly mortgage repayment of $1973 versus a monthly rental cost of $2124

Cooloongup, WA

An average monthly mortgage repayment of $999 versus a monthly rental cost of $1396

Charnwood, ACT

An average monthly mortgage repayment of $1792 versus a monthly rental cost of $2118

You might also like:

Survey reveals nice lawns can increase your property value by up to $100K

  • Property
  • Finance
Laura Barry
Laura Barry
Laura Barry is a writer, bookworm and interior design enthusiast with a love for reporting on all things homes, travel and lifestyle. When not tapping away at her keyboard, Laura can be found making endless cups of tea or perusing the shelves of Sydney’s many bookstores.

Get your mag delivered!-Save 29% off the cover price!

Subscribe for $4.95 per issue

Subscribe Now
Get your mag delivered!

Get your mag delivered!-Save 29% off the cover price!

Subscribe for $4.95 per issue

Subscribe Now
Get your mag delivered!

Recommended to you

YOU’LL NEED A WEDGE TO HANG THAT DOOR
Watch 6:32

YOU’LL NEED A WEDGE TO HANG THAT DOOR

{headline}

{headline}

5 legal ways to reduce your capital gains tax on investment property

5 legal ways to reduce your capital gains tax on investment property

How you can save money on your home loan by going green

How you can save money on your home loan by going green

This is how long it takes to save a home deposit in Sydney

This is how long it takes to save a home deposit in Sydney

The potential property hotspots for 2020

The potential property hotspots for 2020

{headline}

{headline}

The January 2020 changes all first home buyers need to know about

The January 2020 changes all first home buyers need to know about

Why you should reconsider hosting an open house inspection

Why you should reconsider hosting an open house inspection

How to know if a home isn’t worth the listed price

How to know if a home isn’t worth the listed price

{headline}

{headline}

Three things you should never do at an open house inspection

Three things you should never do at an open house inspection

How to find the right suburb for your ‘forever’ home

How to find the right suburb for your ‘forever’ home

4 pre-sale home updates that aren’t worth the money

4 pre-sale home updates that aren’t worth the money

Simple things you can do to increase the value of your home

Simple things you can do to increase the value of your home

How real estate ads are trying to trick you

How real estate ads are trying to trick you

5 things no one tells you about buying an investment property

5 things no one tells you about buying an investment property

 How to find and buy your dream home

How to find and buy your dream home

Bhg
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Bhg Magazine Subscribe
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

Brands

  • All Recipes
  • BHG Shop
  • Girlfriend
  • Home Beautiful
  • New Idea
  • New Idea Food
  • Practical Parenting

Our Network

  • marie claire
  • Beauty Crew
  • Who
  • Women's Weekly Food
  • Bounty Parents
  • That’s Life
  • Perth Now
  • The West Australian
  • 7Plus
  • Airtasker
  • 7NEWS
  • SocietyOne
  • Health Engine
  • Starts at 60
© 2021 Are Media PTY LTD
Get more from Better Homes and Gardens

Magazine Subscription Offer

Get your mag delivered!-Save 29% off the cover price!

Shop This Offer
Get your mag delivered!