Major bank reveals where it's cheaper to buy than rent

Jack Needham
By Jack Needham
August 21 2021 - 4:15am
Could taking out a mortgage make more sense than renting? Depending on your postcode, the answer could be 'yes'. Photo: Shutterstock

Regional house prices may be skyrocketing, but a combination of record-high rents and favourable lending terms mean that it's still cheaper to buy than rent in many locations, according to NAB.


Jack Needham

Jack Needham

Property News Editor

Jack has been writing about real estate since 2015, covering residential and commercial property markets throughout Australia for the likes of Smart Property Investment and Domain. He has also spent time in the United States researching real estate trends, with a focus on housing affordability issues, for the California Association of Realtors.

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.