One Australian city where its becoming cheaper to buy than rent...
Lower mortgage rates, improved access to credit, a boost in housing market confidence post the federal election and recent tax cuts are likely the primary drivers for the increase in buyer confidence seen over the June period.
For Adelaide in particular, housing affordability is the best it’s been since 2016, new ANZ –CoreLogic Report finds. Record low interest rates, coupled with CoreLogic report findings that Adelaide CBD is a region where it’s cheaper to buy than rent*, makes now the perfect time to secure a property to live or invest in.
* based on percentage of income required to service a deposit and home loan verse income required to rent.