World
Cheaper to buy units than rent, PropTrack data shows
Renters in many major capital cities would now be financially better off buying the apartment or unit that they live in, according to new analysis that further highlights the ongoing rental affordability crunch for lower-income households. The data from private analytics company PropTrack compares the forecast cost of renting a property for 10 years versus purchasing one with a 20 per cent deposit, adding in stamp duty and rates. Early last year, it found about one-quarter of properties nationally were cheaper to buy than rent. This has now risen to a third. This trend is far more acute when you split out apartments or units.Subscribe: [ 🔗 Click ‼️ ] Read more here: [ 🔗 Click ‼️ ] ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It s news when you want it, from Australia s most trusted news organisation. For more from ABC News, click here: [ 🔗 Click ‼️ ] Watch more ABC News content ad-free on ABC iview: [ 🔗 Click ‼️ ] Go deeper on our ABC News In-depth channel: [ 🔗 Click ‼️ ] Like ABC News on Facebook: [ 🔗 Click ‼️ ] Follow ABC News on Instagram: [ 🔗 Click ‼️ ] Follow ABC News on Twitter: [ 🔗 Click ‼️ ] Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia :::: Visit my YouTube channel @ ABC News (Australia) ( [ 🔗 Click ‼️ ]] )
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