Tag: mortgage loan

It’s Cheaper to Buy Than to Rent for Over a Third of Australian Properties

Buying is now cheaper than renting in over one-third of Australian properties, aided by eight months of record low-interest rates, property researcher CoreLogic found. The company’s analysis showed that it is cheaper to repay home loans than to rent for 36.3 percent of Australians properties, up from the 33.9 percent reported in Feb. 2020. CoreLogic…


Total Value of Australian Homes Surpasses $8 Trillion

The red-hot Australian housing market has broken another record as the total value of the residential real estate has reached an estimated $8.1 trillion (US$6.2 trillion) in April, property analyst CoreLogic revealed. “This puts Australian residential property at around four times the size of Australian GDP and around $1 trillion more than the combined value…