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Economy · Finance

Mortgage repayments are now cheaper than rent in some Australian suburbs. Is yours among them?

Luca Ittimani · The Guardian · World
Published 17 Oct 2026, 10:00 am·1 h ago·1 min read
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As house prices plateau, the gap between the cost of buying and renting is narrowing in dozens of suburbs Get our breaking news email , free app or daily news podcast High rents and falling property prices have opened a rare window for Australian tenants to become homeowners, with mortgage repayments cheaper than rent in dozens of suburbs. Guardian Australia’s analysis of Cotality data shows that median rents in inner-city Melbourne, suburban Canberra and Darwin are now nearly matching weekly home loan repayments. In one in 10 suburbs and towns across the country, repayments are less than…

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