Research reveals where it’s cheaper to buy than rent
01/08/2025
Domain’s latest research has identified select locations across Australia where it’s now cheaper to buy a home than rent one – but those suburbs are becoming increasingly rare.
For houses, just 6.3% of suburbs in capital cities and 27.3% in regional locations were found to favour buyers. For units, the figures were 14.5% in capital cities and 44.3% in regional locations.
That said, home ownership comes with two key advantages – security of tenure and the potential for long-term capital growth.
The suburb with the biggest gap in favour of buying a house was Baynton in Western Australia, where the weekly cost to own a house was $680 less than renting, while for units, Port Hedland (WA) led the way, with a weekly saving of $430 for owners over renters.
Domain’s data highlights that buyers are more likely to find value in regional areas and the unit market than in capital city houses.
If you’re thinking about buying but unsure how much you could borrow or what your repayments might look like, We can help. As a mortgage broker, We can crunch the numbers, compare lenders and help you assess whether buying could be financially viable in your situation.
