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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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[–] 6 points 2 weeks ago (3 children)

I own an apartment and there's not that many costs. I think rates are like $800 a year and the body corp fees are about $900 a quarter

Mortgage (currently) is only about $900 a fortnight. Works out similar to rent overall, except eventually I get to own it.

Renting is a scam and there should be better protections in place. I only managed to buy my apartment because I lived in a vehicle for 4 years while working full time, and the government shared equity scheme owns 25% of it.

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