According to the latest report from CoreLogic, home seekers in Queensland prefer to buy rather than rent.
The report showed that 55% of homes in Brisbane and 73% of homes in the Queensland area are now cheaper to buy than to rent. This figure was above the national record of 36 percent.
The report showed it was cheaper to buy than rent in 97 Queensland suburbs, based on data recorded in March. Mortgage payments in these suburbs were less than $ 250 per week.
Tim Lawless, research director at CoreLogic, said Queensland has a "healthier" mortgage service rate given the softer housing market conditions in previous growth cycles compared to New Zealand. South Wales and Victoria.
Lawless stated that Brisbane's housing market had seen relatively smaller home value gains over the past decade, making it a more affordable option compared to major capitals.
“In fact, over the past 10 years, home values ??in Brisbane have grown at a much slower rate than in Sydney or Melbourne. Brisbane's values ??have risen 33% since June 2011, up from a 90% increase in home values ??in Sydney and a 58% increase.% increase in home values ??in Melbourne, "he told the Courier Mail.
Top Suburbs:
new farm
,
kariong
,
spring wood
,
field of may
,
rockville
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