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Mortgage repayments are now cheaper than rent in some Australian suburbs. Is yours among them? (www.theguardian.com)
submitted 3 weeks ago by to c/australia@aussie.zone
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In one in 10 suburbs and towns across the country, repayments are less than $200 a week higher than rent, for the typical property. In some suburbs, they are actually cheaper.

I hope someone here who is renting can find a place of their own.

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[–] 3 points 3 weeks ago* (last edited 3 weeks ago)

It's also affected by Universities where there is high demand for rental because of all the students.

For example, suburbs in Vic where renting is more expensive than buying include Melbourne (with RMIT and VU campuses), Carlton (Melb Uni and RMIT), Travancore (near the teaching hospitals, Melb Uni and RMIT Brunswick), and Notting Hill (Monash and Deakin).

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