{"id":31170,"date":"2021-03-14T09:14:54","date_gmt":"2021-03-13T20:14:54","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31170"},"modified":"2021-03-14T09:14:54","modified_gmt":"2021-03-13T20:14:54","slug":"sydney-burbs-where-buying-is-cheaper-than-renting","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/sydney-burbs-where-buying-is-cheaper-than-renting\/","title":{"rendered":"Sydney \u2018burbs where buying is cheaper than renting"},"content":{"rendered":"

PHOTO: Erika Moncada recently moved into Ed Square in Edmondson Park after realising the area offered better value. Picture: Julian Andrews Source: News Corp Australia<\/em><\/span><\/strong><\/p>\n

It is cheaper for new homeowners to pay down a mortgage than stump up rent in some Sydney<\/a> areas despite a recent explosion in prices, new economic data reveals. SEE THE LIST<\/p>\n

Rock bottom interest rates have made homeownership cheaper than renting in many Sydney pockets despite a recent explosion in prices.<\/p>\n

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Data published this week showed Sydney prices hit a record high this month after soaring 5.7 per cent since October but monthly mortgage repayments are still lower than rent in many instances, especially for apartment buyers.<\/p>\n

Home buyers got the biggest savings compared to renters in the Sydney areas with a high concentration of recently built units, analysis of mortgage and price data revealed.<\/p>\n

They included Liverpool, Granville and Guildford, where paying down a mortgage on an apartment was an average of about $100-$250 cheaper per month than renting at current rates.<\/p>\n

\"Suburbs<\/div>\n

Suburbs where it is cheaper to buy than rent. NSW real estate. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

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

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