In almost one in seven Aussie suburbs is it cheaper to have a mortgage on a house than it is to rent. The difference between paying a bank loan and paying a landlord are blown out in some parts of the country, in favour of homeowners, due to a shortage of properties for lease, which has jacked up asking rents.

Perth's city unit market has the largest gap - there, it costs $584 less a month to be a mortgage holder than it does to rent. Perth's CBD offers unit mortgages that are $146 per week cheaper than renting.

New REIWA president Joe White says stamp duty is stopping people from downsizing, implicating the housing market, while inflation was hurting the industry.

In almost one in seven Aussie suburbs is it cheaper to have a mortgage on a house than it is to rent. The difference between paying a bank loan and paying a landlord are blown out in some parts of the country, in favour of homeowners, due to a shortage of properties for lease, which has jacked up asking rents.
Perth's city unit market has the largest gap - there, it costs $584 less a month to be a mortgage holder than it does to rent. Perth's CBD offers unit mortgages that are $146 per week cheaper than renting.
New REIWA president Joe White says stamp duty is stopping people from downsizing, implicating the housing market, while inflation was hurting the industry.

Gary Adshead will keep you up to date with all the latest breaking stories and issues on 6PR Mornings.

Gary Adshead will keep you up to date with all the latest breaking stories and issues on 6PR Mornings.

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