692 suburbs in Australia are now cheaper to buy than rent!

By Lisa Kalucy
692 suburbs in Australia are now cheaper to buy than rent. Find out where for free!
The cost difference between buying and renting in Australia has fallen significantly:

•    Discounted variable mortgage rates are now 1.75% lower than their 2011 peak and fixed mortgage rates are 2.65% lower

•    Capital city property prices are 2.9% lower than when they peaked in October 2010

•    Rental rates are rising, up 3.2% over the past year for houses and 2.8% higher for units across the capital cities

Source rpdata – Commonwealth Bank
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