Connect with us

Local News

Sydney house market: Lakemba and Punchbowl last region where it is cheaper to buy than rent

Published

on

Record low interest rates have made homeownership cheaper than renting in many Sydney suburbs despite house prices growing at the fastest rate since 1988.

With dwelling values are up 6.7 per cent since the start of the year to $928,028, monthly mortgage repayments remain lower than rent in many instances, especially for apartment buyers.

MORE: Inside Karl Stefanovic’s waterfront mansion

Celebs flock to new hideaway to rival Byron

Rita Ora renting epic Sydney Harbour mansion

Property buyers got the biggest savings compared to renters in Sydney’s west with a high concentration of apartments and/or renters.

PRD revealed Lakemba, Merrylands, Punchbowl and Wiley Park are the only suburbs left in Sydney where it was cheaper to buy an…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

As thousands of locals cash in on the ‘Dine and Discover’ voucher system, some m…
Yerong Creek water tower art mural final design draws criticism from residents | The Daily Advertiser