Rents growing strongly

Conditions favour buyers as rents grow strongly

Rents have surged over the past year, with houses outperforming units, according to SQM Research.

Meanwhile, thanks to record-low interest rates, conditions favour buyers over renters.

It’s cheaper to buy than rent 59.1% of three-bedroom houses and 83.8% of two-bedroom units throughout Australia, according to REA Insights.

This analysis is based on the assumption buyers have a 20% deposit and property prices will grow by 3% per year over the next decade.

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