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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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27pc boost in suburbs cheaper to buy than rent

By Staff Reporter
30 July 2009 | 1 minute read

For 94 suburbs across Australia it has become cheaper to buy than rent, a report by RP Data has found.

The report, prepared on behalf of the Commonwealth Bank, said the mortgage-friendly suburbs included Hackett in Canberra, Darlington in Sydney, Beachmere in Brisbane and Carlton in Melbourne.

According to the report, the number of suburbs where it is now cheaper to service a monthly mortgage payment increased from 74 to 94 in the six months to July.

Victoria and Queensland both added 10 extra suburbs to the list compared with six months ago.

27pc boost in suburbs cheaper to buy than rent
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.