To buy, or to rent? How housing affordability stacks up across the states

To buy, or to rent? How housing affordability stacks up across the states

It's an age old question: is it cheaper to buy or rent? A new report by property group Domain has revealed that servicing a mortgage on a house is cheaper in 6 per cent of suburbs around the country. For units, it's almost 23 per cent. But in Perth, nearly 83 per cent of apartments are cheaper to buy than rent. And while that may be a win for buyers, it highlights the struggles for those in the rental market.

Is renting the new way to buy? – Belton

There is no doubt that the buy-to-let sector is in a good place. Landlords are looking to add to their portfolios, average rents are up 7% year on year, and tenant demand is still strong. The post Is renting the new way to buy? – Belton appeared first on Mortgage Solutions.