Brighter Buying

#9 Brissie burbs where it’s cheaper to buy than rent

by Karleen Jentz, Copywriter 26 May 2017

Renting because you can’t afford to buy? Think again. There are suburbs in Brisbane where it’s cheaper to pay off a mortgage than it is to pay weekly rent.

Sound too good to be true? Well has crunched the numbers based on median rents and monthly mortgage repayments and they say it’s possible.

However, some caveats apply:

  • The rule only holds true for units.
  • Most locations are in the outer suburbs – with the exception of inner city units (we kid you not).
  • You will need to save up a 20 per cent deposit.

The other point to note is that the analysis doesn’t consider the costs associated with owning a property, such as council rates. On the upside, it also doesn’t consider that you might get some neat capital growth over the long term.

So, if you dream of getting into the property market your dream might be closer than you think in the suburbs below, including a northside first timer favourite: Brendale.

How much cheaper a month to buy than rent:

  1. Woodridge (3 bed unit) $338
  2. Kuraby (3 bed unit) $337
  3. Meadowbrook (3 bed unit) $334
  4. Browns Plains (3 bed unit) $305
  5. Brendale (3 bed unit) $287
  6. Slacks Creek (2 bed unit) $284
  7. Woodridge (2 bed unit) $274
  8. Brisbane city (2 bed unit) $267
  9. Kingston (3 bed unit) $265

Ready to buy? View our current listings for sale.

Red hot for renting? Check our listings for rent.