SHOW ME THE MONEY! WE KNOW OF 193 ‘BURBS IN NSW WHERE IT’S CHEAPER TO BUY THAN RENT.
Dream no more guys ‘n’ dolls…..this great Aussie dream is 100% real. Just out, is a long list of suburbs throughout Australia where it’s actually cheaper to buy a property than it is to rent one. Of these figures, NSW came out as the 2nd state in the country where this was actually the case.
The figures are based on a model that compares the average rent for the suburb to the costs of servicing a principal & interest loan on a variable mortgage rate of 5.35%.
Get on it guys. Own your own piece of pie & grab some nice growth at the same time, as the market continues to spiral upwards. Get the full list? Click here and here
