{"id":26480,"date":"2020-07-30T16:21:00","date_gmt":"2020-07-30T04:21:00","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26480"},"modified":"2020-07-30T16:21:00","modified_gmt":"2020-07-30T04:21:00","slug":"once-in-a-generation-opportunity-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/once-in-a-generation-opportunity-to-buy-a-home\/","title":{"rendered":"\u2018Once in a generation opportunity\u2019 to buy a home"},"content":{"rendered":"

PHOTO: Increased housing supply in areas like Parramatta is giving buyers more options. Picture: AAP Source: News Corp Australia<\/em><\/span><\/strong><\/p>\n

Record low interest rates and falling property prices have created a \u201conce in a generation\u201d situation where it is cheaper to own property than to rent it.<\/p>\n

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New research revealed paying off a mortgage on units in some Sydney pockets has become up to $400 per month cheaper than the typical rent \u2013 despite rents also falling in recent months.<\/p>\n

Homeowners got some of the biggest savings in areas with a high concentration of new housing, especially high-rise apartments, the analysis of mortgage and property sales data revealed.<\/p>\n<\/div>\n

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Open Home draw hundreds – NEW ZEALAND<\/a><\/h2>\n<\/header>\n<\/div>\n

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The areas included a cluster of suburbs sandwiched between Sydney Olympic Park and Parramatta such as Granville, Merrylands, Homebush and Guildford.<\/p>\n

Paying a mortgage on a median priced unit in these areas was about $100-$430 cheaper per month than renting.<\/p>\n

Apartment owners also got considerable savings further west in Penrith and Liverpool.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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