RP Data Buy vs. Rentmedia2.apnonline.com.au/img/media/pdf/RP_Data_Buy... · Servicing an interest...

RP Data Buy vs. RentSummary report

An assessment of the difference between the costs associated with paying a mortgage or paying rent across Australian suburbs

Released November 2012

Note: The complete spread sheet and summary report is available for download from www.myrp.com.au/buyorrent

Summary of resultsWith capital city dwelling values almost six percent lower than when they peaked back in October 2010,discounted variable mortgage rates 125 basis points lower from their 2011 peak and fixed mortgage rates morethan 210 basis points lower, many renters and prospective home buyers are likely to be doing their sums towork out whether it is better for them to pay a mortgage or pay a landlord.

This report, from Australia’s leading property data and analytics company, RP Data, provides a region by regioncomparison on the costs involved with servicing a mortgage and the costs of renting, based on median houseand unit values and median asking rents across each suburb around the country. Please note this analysis doesnot taking into account a number of property acquisition costs or other ongoing costs associated with owning aproperty (described in more detail later in this report), nor does the analysis taking into account the potentialcapital gains or loss over time.

Across the nation, RP Data analysed four different scenarios with regards to the costs associatedwith servicing a mortgage.

The different scenarios resulted in a broad range of suburbs where it is currently cheaper to buythan rent:1. Servicing a principal and interest loan on a variable mortgage rate: 388 suburbs2. Servicing an interest only loan on a variable mortgage rate: 1,975 suburbs3. Servicing a principal and interest loan on a three year fixed mortgage rate: 674 suburbs4. Servicing an interest only loan on a three year fixed mortgage rate: 2,991 suburbs

Number of suburbs cheaper to buy than rent across Australian regions

RegionPrincipal & interest Interest only

Principal & interest Interest only

New South Wales 88 581 186 899Sydney 41 254 85 438Regional NSW 47 327 101 461

Victoria 17 194 36 351Melbourne 3 48 5 133Regional Vic 14 146 31 218

Queensland 147 632 241 866Brisbane 42 229 78 342Regional Qld 105 403 163 524

South Australia 48 214 82 348Adelaide 31 163 55 281Regional SA 17 51 27 67

Western Australia 44 136 51 225Perth 6 74 10 144Regional WA 38 62 41 81

Tasmania 30 124 49 166Hobart 14 56 23 72Regional Tas 16 68 26 94

Northern Territory 11 54 24 72Darwin 2 35 9 53Regional NT 9 19 15 19

Canberra 3 40 5 64

National 388 1,975 674 2,991Combined capitals 142 899 270 1,527Combined regional 246 1,076 404 1,464

Variable interest rate (5.9%) 3 year fixed interest rate (5.39%)

What if you were willing to spend and extra $50 per week?

For those prospective home buyers that are willing to dedicate an extra $50 per week over and above what the standard rental payments

might be in a suburb, the list of potential locations grows substantially. Nationally, there are an

additional 1,031 suburbs where it costs an extra $50 per week to service a mortgage compared

with paying rent (based on a variable interest rate with principal and interest payments). Almost one third of these additional suburbs are located across the state of Queensland, particularly in Greater Brisbane. Suburbs of Sydney also comprise a large proportion of the list.

Principal & interest Interest only Principal & interest Interest onlyOct‐12 388 1,975 674 2,991Aug‐12 238 1,320 328 1,759

Difference 63.0% 49.6% 105.5% 70.0%

Variable interest rate (5.9% / 6.15%) 3 year fixed interest rate (5.39%/5.9%)

Number of suburbs cheaper to buy than rentOctober ‘12 results versus August ‘12 results Compared with the results from August

2012, there has been a significant uplift in the number of suburbs where paying a

mortgage is more affordable than paying a landlord.

Source: rpdata.com. Note figures include results for houses and units. Where a suburb shows it is more affordable to buy compared with renting for houses and units the suburb is counted twice.



Methodology and assumptionsThe analysis looks at the results across four scenarios, specifically:1. Servicing a principal and interest loan on a variable mortgage rate;2. Servicing an interest only loan on a variable mortgage rate;3. Servicing a principal and interest loan on a three year fixed mortgage rate;4. Servicing an interest only loan on a three year fixed mortgage rate; and

The benefit of using these different scenarios is that it highlights to potential purchasers the different optionsthat are available when contemplating purchasing a property and taking on a mortgage. It also highlights thedifferences in results when choosing different types of loan products.

The analysis includes a number of key assumptions:1. A loan to value ratio (LVR) of 90% which means that the purchaser is borrowing 90% of the value of the

home (i.e. they have a 10% deposit).2. A variable mortgage rate of 5.90% per annum.3. A three year fixed mortgage rate of 5.39% per annum (paid in arrears).4. The loan period is 30 years.5. The repayment schedule is monthly.6. The principal is calculated based on the suburb's median house and unit value as at September 2012.7. Rental costs are based on the median weekly advertised rental rate across the suburb over the past 12

months to September 2012.

When considering the figures it is important to note that the analysis does not provide consideration for capitalappreciation or transaction or other costs associated with either home ownership or renting which may includebut are not limited to:1. Maintenance2. Council rates3. Electricity4. Water and sewerage5. Land tax6. Body corporate levies7. Stamp duty8. Legal and conveyancing fees

We would encourage readers to undertake their own research to understand what additional costs may beassociated with owning or renting a particular property.

It is also important to note that interest only loans may not be appropriate for all borrowers because of the risksassociated with the non‐repayment of the loan principal during the interest only period. Availability andeligibility for interest only loans may be limited compared with mortgages based on interest and principalrepayments.

RP Data DisclaimerIn compiling this publication, RP Data has relied upon information supplied by a number of external sources.The publication is supplied on the basis that while the RP Data believes all the information in it is deemedreliable at the time of publication, it does not warrant its accuracy or completeness and to the full extentallowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained bysubscribers, or by any other person or body corporate arising from or in connection with the supply or use ofthe whole or any part of the information in this publication through any cause whatsoever and limits anyliability it may have to the amount paid to RP Data for the supply of such information.


Over the month of September, dwelling valuesrose by 1.4 per cent across Australia’s eight capitalcities, the largest month‐on‐month capital gainsince March 2010. Capital city dwelling valueswere up 2 per cent over the quarter, while overthe first nine months of the year dwelling valuesincreased by 0.8 per cent. Based on the recentresults, the end of May 2012 seems to havemarked the trough in the property cycle, withcapital city dwelling values remaining in the blackover the four months ending September 2012.

‐10.0%

‐5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Sep‐97 Sep‐00 Sep‐03 Sep‐06 Sep‐09 Sep‐12

Annual change

Quarterly change

Annual and quarterly change in capital city home values

Not so coincidentally, housing market conditions have improved after the Reserve Bank of Australia reduced the official cashrate by 75 basis points over May and June of this year, and a further 25 basis points in October, taking the official cash rate to3.25 per cent, which is just 25 basis points higher than the ‘emergency’ lows which were implemented in 2009.

The rise in home values over the four months to September suggests a housing market recovery is underway. However, earlydata for October suggests that the recovery remains delicately balanced. The month of October is likely to see capital cityhomes values slip backwards, highlighting that market conditions remain reasonably soft, and buyers remain in the driver’sseat.

‐12.9%

‐10.7% ‐10.6%

‐7.4% ‐6.9%

‐3.3% ‐3.1%

‐1.3%

‐4.6%

‐14.0%

‐12.0%

‐10.0%

‐8.0%

‐6.0%

‐4.0%

‐2.0%

0.0%

Darwin Brisbane Hobart Perth Melbourne Adelaide Canberra Sydney Australian capitals

Decline in home values from their peak – to September 2012Market conditions vary from city to city and regionto region. At a capital city level, there have beensome substantial corrections to home values sincetheir respective peaks. Darwin values, despiteshowing a recent bounce upwards, remain almost13 per cent lower than when they peaked. Brisbaneand Hobart values are still almost 11 per cent lowerthan their peak, while Perth and Melbourne valuesremain around 7 per cent lower.

The Sydney and Canberra markets have been muchmore resilient to depreciating home values, fallingby just 1.3 per cent and 3.1 per cent from theirrespective peaks.

Although dwelling values are now lower, weeklyrents have generally been rising consistently acrossthe capital cities. Over the past twelve months,capital city rents have increased by 4.2 per cent forhouses and 2.9 per cent for units. The combinationof lower dwelling values and higher rental rates haspushed rental yields higher, improving the grossyield for property investors.

With both dwelling values and mortgage interestrates now lower, the improvements to housingaffordability have been substantial. Prospectivebuyers have a lower priced entry point to themarket and the cost of their debt is substantiallylower.

$360

$380

$400

$420

$440

$460

$480

3.4%

3.5%

3.6%

3.7%

3.8%

3.9%

4.0%

4.1%

4.2%

4.3%

4.4%

Sep‐09 Mar‐10 Sep‐10 Mar‐11 Sep‐11 Mar‐12 Sep‐12

Wee

kly rent

Gross re

ntal yield

Rents Yields

Capital city rental rates and yields

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

Oct‐92 Oct‐96 Oct‐00 Oct‐04 Oct‐08 Oct‐12

Standard variable mortgage rates 3 yr fixed mortgage rates Cash rate

Mortgage rates vs. cash rate

Housing market overview

Source: rpdata.com, RP Data‐Rismark Home Value Indices



Source: rpdata.com, Reserve Bank of Australia


Headline findings

The results across the country based on the different paymentscenarios are detailed below:

1. Servicing a principal and interest loan on a variablemortgage rate: 388 suburbs

2. Servicing an interest only loan on a variable mortgage rate:1,975 suburbs

3. Servicing a principal and interest loan on a three year fixedmortgage rate: 674 suburbs

4. Servicing an interest only loan on a three year fixedmortgage rate: 2,991 suburbs

With lower mortgage rates and a further reduction in themedian house and unit value across some regions, inconjunction with higher rental rates, there has been asignificant uplift in the number of suburbs where monthlymortgage payments are lower than rental payments. Based ona discounted variable rate of 5.9 per cent with principal andinterest payments, there has been a 63 per cent uplift sinceAugust 2012 in the number of suburbs nationally, whereservicing a mortgage is more affordable than renting.

For three year fixed rate mortgages, where interest rates areeven lower at 5.39 per cent, the number of suburbs cheaper topay a mortgage compared with renting, has more than doubledto 674 since our previous report published at the end of August.

Number of suburbs cheaper to buy than rent across Australian regions


Statistical DivisionPrincipal & interest Interest only


Canberra, ACT 3 40 5 64Central West, NSW 2 21 5 25Far West, NSW 1 1 1 1Hunter, NSW 13 109 31 160Illawarra, NSW 2 48 11 77Mid‐North Coast, NSW 3 30 10 38Murray, NSW 6 23 9 27Murrumbidgee, NSW 7 22 11 28North Western, NSW 3 8 5 9Northern, NSW 5 22 10 26Richmond‐Tweed, NSW 2 24 3 40South Eastern, NSW 3 19 5 30Sydney, NSW 41 254 85 438New South Wales 88 581 186 899

Darwin, NT 2 35 9 53Northern Territory ‐ Bal, NT 9 19 15 19Northern Territory 11 54 24 72Brisbane, QLD 42 229 78 342Central West, QLD 0 2 0 2Darling Downs, QLD 6 35 12 54Far North, QLD 22 65 30 74Fitzroy, QLD 16 52 30 62Gold Coast, QLD 11 56 17 78Mackay, QLD 17 47 24 49North West, QLD 9 9 9 9Northern, QLD 14 46 20 59South West, QLD 2 3 3 3Sunshine Coast, QLD 5 35 8 53West Moreton, QLD 2 12 3 25Wide Bay‐Burnett, QLD 1 41 7 56Queensland 147 632 241 866Adelaide, SA 31 163 55 281Eyre, SA 0 2 1 4Murray Lands, SA 2 11 6 12Northern, SA 14 25 16 25Outer Adelaide, SA 0 4 1 12South East, SA 0 5 2 5Yorke and Lower North, SA 1 4 1 9South Australia 48 214 82 348Greater Hobart, TAS 14 56 23 72Mersey‐Lyell, TAS 8 28 13 39Northern, TAS 7 38 12 52Southern, TAS 1 2 1 3Tasmania 30 124 49 166Barwon, VIC 1 28 3 39Central Highlands, VIC 2 22 5 34East Gippsland, VIC 0 9 1 14Gippsland, VIC 0 10 2 27Goulburn, VIC 0 20 2 31Loddon, VIC 1 19 3 32Mallee, VIC 5 8 5 9Melbourne, VIC 3 48 5 133Ovens‐Murray, VIC 0 12 2 13Western District, VIC 1 12 3 13Wimmera, VIC 4 6 5 6Victoria 17 194 36 351Central, WA 1 5 2 8Kimberley, WA 5 9 6 9Lower Great Southern, WA 0 2 0 5Midlands, WA 2 3 2 4Perth, WA 6 74 10 144Pilbara, WA 11 11 11 11South Eastern, WA 16 17 16 17South West, WA 3 14 4 26Upper Great Southern, WA 0 1 0 1Western Australia 44 136 51 225National 388 1,975 674 2,991


Principal & interest Interest only Principal & interest Interest onlyOct‐12 388 1,975 674 2,991Aug‐12 238 1,320 328 1,759

Difference 63.0% 49.6% 105.5% 70.0%

Variable interest rate (5.9% / 6.15%) 3 year fixed interest rate (5.39%/5.9%)

Number of suburbs cheaper to buy than rentOctober ‘12 results versus August ‘12 results

The largest number of suburbs, where paying a mortgage iscurrently more affordable than renting, can be found within theBrisbane region. Across the Greater Brisbane region, based onservicing a principal and interest mortgage on a variableinterest rate, there are now 42 suburbs where paying a homeloan is more affordable than paying a landlord. Sydney is notfar behind (41 suburbs), followed by Adelaide (31 suburbs).

Of the major capitals, Melbourne is showing the smallestnumber of suburbs where buying is the more affordable optioncompared with renting, with only 3 suburbs. The low numberof suburbs where it is cheaper to buy than rent can beattributed to the strong run of capital gains that has beenrecorded across Melbourne, together with relatively flat rentalmarkets over recent times.

Nationally, regional areas dominate the list, with 246 suburbsoutside of the capital cities showing a better payments schedulefor buying compared with renting. In comparison, there are 142suburbs across the aggregated capital cities where betterpayment schedules have been recorded for buying as opposedto renting (based on the principal and interest payments on avariable mortgage rate).



What if you were willing to spend and extra $50 per week?

For those prospective home buyers that are willing to dedicatean extra $50 per week over and above what the standard rentalpayments might be in a suburb, the list of potential locationsgrows substantially.

Nationally, there are an additional 1,031 suburbs where it costsan extra $50 per week to service a mortgage compared withpaying rent.

Almost one third of these additional suburbs are located acrossthe state of Queensland, particularly in Greater Brisbane.Suburbs of Sydney also comprise a large proportion of the list.

Region by Region: Number of suburbs where typical mortgage payments are less than $50 extra per week compared with renting

Source: rpdata.com. Note figures include results for houses and units. Where a suburbs shows it is more affordable to buy compared with renting for houses and units the suburb is counted twice.

Statistical DivisionPrincipal & interest Interest only


Canberra, ACT 14 63 28 82

Central West, NSW 16 25 21 25Far West, NSW 1 1 1 1Hunter, NSW 68 167 101 187Illawarra, NSW 35 83 49 103Mid‐North Coast, NSW 23 48 30 60Murray, NSW 20 30 24 32Murrumbidgee, NSW 21 31 24 31North Western, NSW 9 9 9 9Northern, NSW 19 27 23 27Richmond‐Tweed, NSW 13 42 24 56South Eastern, NSW 15 32 22 41Sydney, NSW 150 448 220 616New South Wales 390 943 548 1,188

Darwin, NT 15 49 25 58Northern Territory ‐ Bal, NT 17 19 18 19Northern Territory 32 68 43 77

Brisbane, QLD 158 360 216 424Central West, QLD 2 2 2 2Darling Downs, QLD 29 56 41 59Far North, QLD 48 75 66 84Fitzroy, QLD 44 62 50 63Gold Coast, QLD 31 80 48 92Mackay, QLD 39 50 45 51North West, QLD 9 9 9 9Northern, QLD 38 63 45 69South West, QLD 3 3 3 3Sunshine Coast, QLD 19 62 28 79West Moreton, QLD 9 29 15 30Wide Bay‐Burnett, QLD 34 65 47 74Queensland 463 916 615 1,039

Adelaide, SA 125 326 183 405Eyre, SA 1 6 3 6Murray Lands, SA 11 12 11 12Northern, SA 25 25 25 25Outer Adelaide, SA 4 23 7 31South East, SA 6 8 6 9Yorke and Lower North, SA 4 10 7 12South Australia 176 410 242 500

Greater Hobart, TAS 48 81 56 91Mersey‐Lyell, TAS 25 45 35 45Northern, TAS 33 60 47 65Southern, TAS 2 5 2 6Tasmania 108 191 140 207

Barwon, VIC 22 46 30 54Central Highlands, VIC 20 40 25 48East Gippsland, VIC 8 18 11 19Gippsland, VIC 10 34 20 37Goulburn, VIC 19 35 27 35Loddon, VIC 18 37 26 45Mallee, VIC 9 9 9 9Melbourne, VIC 22 190 57 318Ovens‐Murray, VIC 10 15 13 17Western District, VIC 11 14 13 15Wimmera, VIC 6 7 6 7Victoria 155 445 237 604

Central, WA 3 11 6 16Kimberley, WA 6 9 8 9Lower Great Southern, WA 2 6 5 12Midlands, WA 3 4 3 4Perth, WA 28 155 63 225Pilbara, WA 11 11 11 11South Eastern, WA 17 17 17 20South West, WA 10 36 14 50Upper Great Southern, WA 1 1 1 1Western Australia 81 250 128 348

National 1,419 3,286 1,981 4,045


Number of suburbs where typical mortgage payments are less than $50 extra per week compared with renting

RegionPrincipal & interest Interest only


Cheaper to buy than rent 88 581 186 899$50/week extra 302 362 362 289New South Wales 390 943 548 1,188Cheaper to buy than rent 17 194 36 351$50/week extra 138 251 201 253Victoria 155 445 237 604

Cheaper to buy than rent 147 632 241 866$50/week extra 316 284 374 173Queensland 463 916 615 1,039Cheaper to buy than rent 48 214 82 348$50/week extra 128 196 160 152South Australia 176 410 242 500Cheaper to buy than rent 44 136 51 225$50/week extra 37 114 77 123Western Australia 81 250 128 348Cheaper to buy than rent 30 124 49 166$50/week extra 78 67 91 41Tasmania 108 191 140 207

Cheaper to buy than rent 11 54 24 72$50/week extra 21 14 19 5Northern Territory 32 68 43 77Cheaper to buy than rent 3 40 5 64$50/week extra 11 23 23 18Canberra 14 63 28 82Cheaper to buy than rent 388 1975 674 2991$50/week extra 1,031 1,311 1,307 1,054National 1,419 3,286 1,981 4,045




State by State TablesSuburbs where paying a mortgage is, on

average, more affordable than paying rent based on principal and interest payments on a

variable mortgage rate loan.


New South WalesSee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs

Suburbs where paying a mortgage is, on average, more affordable than paying rent based on principal and interest payments on a variable mortgage rate

Suburb State Statistical Division Council areaDistance from

closest capital city CBD (km)

TypePrincipal & interest

Interest onlyPrincipal & interest

Interest only

Thurgoona NSW Murray Albury 211.4 U $235 $1,018 $93,052 $83,747 ‐$522 ‐$607 ‐$549 ‐$642Boggabri NSW Northern Narrabri 368.4 H $350 $1,517 $192,309 $173,078 ‐$490 ‐$666 ‐$546 ‐$739Enmore NSW Sydney Marrickville 5.7 U $450 $1,950 $284,410 $255,969 ‐$432 ‐$691 ‐$514 ‐$800Muswellbrook NSW Hunter Muswellbrook 174.5 U $340 $1,473 $199,761 $179,785 ‐$407 ‐$589 ‐$465 ‐$666Fern Bay NSW Hunter Port Stephens 124.3 H $520 $2,253 $361,242 $325,118 ‐$325 ‐$655 ‐$430 ‐$793Berkeley Vale NSW Sydney Wyong 61.2 U $330 $1,430 $207,177 $186,459 ‐$324 ‐$513 ‐$384 ‐$592Cobar NSW North Western Cobar 523.6 H $305 $1,322 $206,325 $185,693 ‐$220 ‐$409 ‐$280 ‐$488Dural NSW Sydney Hornsby 24.4 U $510 $2,210 $373,738 $336,364 ‐$215 ‐$556 ‐$323 ‐$699North Batemans Bay NSW South Eastern Eurobodalla 106.6 U $305 $1,322 $207,835 $187,052 ‐$212 ‐$402 ‐$272 ‐$481Rushcutters Bay NSW Sydney Sydney 2.9 U $498 $2,156 $366,783 $330,105 ‐$198 ‐$533 ‐$304 ‐$673Ambarvale NSW Sydney Campbelltown 45.7 U $310 $1,343 $220,645 $198,581 ‐$165 ‐$367 ‐$229 ‐$451Plumpton NSW Sydney Blacktown 35.9 U $390 $1,690 $286,185 $257,567 ‐$162 ‐$424 ‐$245 ‐$533The Rocks NSW Sydney Sydney 0.4 U $1,025 $4,442 $802,066 $721,859 ‐$160 ‐$893 ‐$393 ‐$1,199Singleton Heights NSW Hunter Singleton 146.5 U $310 $1,343 $222,083 $199,875 ‐$158 ‐$361 ‐$222 ‐$446Lake Albert NSW Murrumbidgee Wagga Wagga 158.2 U $275 $1,192 $195,684 $176,116 ‐$147 ‐$326 ‐$204 ‐$401Windale NSW Hunter Lake Macquarie 106.0 H $320 $1,387 $234,908 $211,417 ‐$133 ‐$347 ‐$201 ‐$437Wentworth NSW Murray Wentworth 340.6 H $225 $975 $158,009 $142,208 ‐$132 ‐$276 ‐$177 ‐$336Watanobbi NSW Sydney Wyong 68.7 U $350 $1,517 $260,293 $234,264 ‐$127 ‐$365 ‐$203 ‐$464Bolton Point NSW Hunter Lake Macquarie 103.0 H $360 $1,560 $269,777 $242,799 ‐$120 ‐$366 ‐$198 ‐$469Mardi NSW Sydney Wyong 65.4 U $320 $1,387 $237,734 $213,961 ‐$118 ‐$335 ‐$187 ‐$426Hunterview NSW Hunter Singleton 146.6 U $450 $1,950 $343,696 $309,326 ‐$115 ‐$429 ‐$215 ‐$561Casino NSW Richmond‐Tweed Richmond Valley 154.0 U $260 $1,127 $190,189 $171,170 ‐$111 ‐$285 ‐$167 ‐$358Campbelltown NSW Sydney Campbelltown 42.2 U $350 $1,517 $263,557 $237,201 ‐$110 ‐$350 ‐$186 ‐$451North Albury NSW Murray Albury 215.9 U $175 $758 $121,645 $109,481 ‐$109 ‐$220 ‐$144 ‐$267Tregear NSW Sydney Blacktown 40.0 H $318 $1,376 $237,640 $213,876 ‐$107 ‐$324 ‐$176 ‐$415Nowra NSW Illawarra Shoalhaven 126.3 U $200 $867 $143,153 $128,838 ‐$102 ‐$233 ‐$144 ‐$288Raymond Terrace NSW Hunter Port Stephens 133.3 U $270 $1,170 $200,164 $180,148 ‐$101 ‐$284 ‐$160 ‐$361Mount Hutton NSW Hunter Lake Macquarie 106.9 U $420 $1,820 $321,948 $289,753 ‐$101 ‐$395 ‐$195 ‐$519Oxley Park NSW Sydney Penrith 39.0 U $370 $1,603 $282,447 $254,202 ‐$96 ‐$354 ‐$177 ‐$462Junee NSW Murrumbidgee Junee 148.5 H $230 $997 $170,370 $153,333 ‐$87 ‐$243 ‐$137 ‐$308Ashmont NSW Murrumbidgee Wagga Wagga 164.1 U $200 $867 $146,116 $131,504 ‐$87 ‐$220 ‐$129 ‐$276Broken Hill NSW Far West Unincorporated NSW 400.4 H $200 $867 $147,145 $132,431 ‐$81 ‐$216 ‐$124 ‐$272Woodberry NSW Hunter Maitland 126.4 H $320 $1,387 $244,803 $220,323 ‐$80 ‐$303 ‐$151 ‐$397Fairfield NSW Sydney Fairfield 23.4 U $340 $1,473 $261,079 $234,971 ‐$80 ‐$318 ‐$155 ‐$418Wellington NSW North Western Wellington 253.4 H $185 $802 $135,520 $121,968 ‐$78 ‐$202 ‐$118 ‐$254Haymarket NSW Sydney Sydney 2.6 U $750 $3,250 $594,995 $535,496 ‐$74 ‐$617 ‐$246 ‐$845Macquarie Fields NSW Sydney Campbelltown 32.4 U $310 $1,343 $237,874 $214,087 ‐$74 ‐$291 ‐$143 ‐$382Emerton NSW Sydney Blacktown 39.0 H $330 $1,430 $254,286 $228,857 ‐$73 ‐$305 ‐$146 ‐$402Leumeah NSW Sydney Campbelltown 40.1 U $290 $1,257 $222,189 $199,970 ‐$71 ‐$273 ‐$135 ‐$358Tolland NSW Murrumbidgee Wagga Wagga 162.0 U $185 $802 $137,066 $123,359 ‐$70 ‐$195 ‐$110 ‐$248Mannering Park NSW Sydney Wyong 83.2 H $320 $1,387 $246,799 $222,119 ‐$69 ‐$295 ‐$141 ‐$389Gillieston Heights NSW Hunter Maitland 125.4 H $450 $1,950 $352,851 $317,566 ‐$66 ‐$389 ‐$169 ‐$524Tuggerah NSW Sydney Wyong 64.6 U $335 $1,452 $259,620 $233,658 ‐$66 ‐$303 ‐$141 ‐$402North Gosford NSW Sydney Gosford 50.8 U $350 $1,517 $272,040 $244,836 ‐$64 ‐$313 ‐$143 ‐$417Werris Creek NSW Northern Liverpool Plains 286.8 H $180 $780 $134,058 $120,652 ‐$64 ‐$187 ‐$103 ‐$238Minto NSW Sydney Campbelltown 38.0 U $300 $1,300 $231,679 $208,511 ‐$63 ‐$275 ‐$130 ‐$363Bradbury NSW Sydney Campbelltown 43.6 U $295 $1,278 $227,969 $205,172 ‐$61 ‐$270 ‐$128 ‐$357Buronga NSW Murray Wentworth 339.5 H $235 $1,018 $179,622 $161,660 ‐$59 ‐$224 ‐$112 ‐$292Mount Druitt NSW Sydney Blacktown 37.4 U $320 $1,387 $249,076 $224,168 ‐$57 ‐$285 ‐$129 ‐$380Concord West NSW Sydney Canada Bay 10.6 U $480 $2,080 $379,193 $341,274 ‐$56 ‐$402 ‐$166 ‐$547Willmot NSW Sydney Blacktown 40.9 H $300 $1,300 $233,091 $209,782 ‐$56 ‐$269 ‐$123 ‐$358Warwick Farm NSW Sydney Liverpool 25.6 U $290 $1,257 $225,002 $202,502 ‐$56 ‐$261 ‐$121 ‐$347Ourimbah NSW Sydney Wyong 61.4 U $330 $1,430 $257,569 $231,812 ‐$55 ‐$290 ‐$130 ‐$389Lethbridge Park NSW Sydney Blacktown 39.6 H $310 $1,343 $241,889 $217,700 ‐$52 ‐$273 ‐$122 ‐$365Blackett NSW Sydney Blacktown 38.3 H $310 $1,343 $241,985 $217,787 ‐$52 ‐$273 ‐$122 ‐$365Brownsville NSW Illawarra Wollongong 78.2 U $250 $1,083 $193,295 $173,966 ‐$51 ‐$228 ‐$108 ‐$302Charmhaven NSW Sydney Wyong 75.2 H $340 $1,473 $267,787 $241,008 ‐$44 ‐$288 ‐$122 ‐$391Elermore Vale NSW Hunter Newcastle 113.0 U $320 $1,387 $252,563 $227,307 ‐$38 ‐$269 ‐$112 ‐$366Singleton NSW Hunter Singleton 143.3 U $330 $1,430 $260,787 $234,708 ‐$38 ‐$276 ‐$114 ‐$376Deniliquin NSW Murray Murray 252.4 H $220 $953 $171,553 $154,398 ‐$38 ‐$194 ‐$87 ‐$260Werrington NSW Sydney Penrith 43.3 U $313 $1,354 $247,245 $222,521 ‐$34 ‐$260 ‐$106 ‐$355Tweed Heads West NSW Richmond‐Tweed Tweed 92.0 U $260 $1,127 $204,979 $184,481 ‐$32 ‐$220 ‐$92 ‐$298South Tamworth NSW Northern Tamworth Regional 306.5 H $280 $1,213 $221,223 $199,101 ‐$32 ‐$234 ‐$97 ‐$319Whalan NSW Sydney Blacktown 38.7 H $323 $1,398 $255,814 $230,233 ‐$32 ‐$266 ‐$106 ‐$363Picton NSW Sydney Wollondilly 65.9 U $290 $1,257 $229,458 $206,512 ‐$32 ‐$241 ‐$98 ‐$329Dubbo NSW North Western Dubbo 301.0 U $220 $953 $172,910 $155,619 ‐$30 ‐$188 ‐$80 ‐$254Rosehill NSW Sydney Parramatta 16.3 U $390 $1,690 $310,993 $279,894 ‐$30 ‐$314 ‐$120 ‐$433Jindabyne NSW South Eastern Snowy River 136.4 U $265 $1,148 $209,530 $188,577 ‐$30 ‐$221 ‐$91 ‐$301North Tamworth NSW Northern Tamworth Regional 311.8 U $270 $1,170 $213,860 $192,474 ‐$28 ‐$224 ‐$90 ‐$305South Grafton NSW Mid‐North Coast Clarence Valley 251.0 H $260 $1,127 $206,073 $185,466 ‐$27 ‐$215 ‐$86 ‐$294Watanobbi NSW Sydney Wyong 68.7 H $350 $1,517 $279,316 $251,384 ‐$26 ‐$281 ‐$107 ‐$388Salamander Bay NSW Hunter Port Stephens 150.1 U $345 $1,495 $275,287 $247,758 ‐$25 ‐$277 ‐$105 ‐$382Wyong NSW Sydney Wyong 67.7 U $300 $1,300 $238,841 $214,957 ‐$25 ‐$243 ‐$94 ‐$334West Kempsey NSW Mid‐North Coast Kempsey 346.5 H $250 $1,083 $199,362 $179,426 ‐$19 ‐$201 ‐$77 ‐$277Lavington NSW Murray Albury 214.7 U $190 $823 $150,791 $135,712 ‐$18 ‐$156 ‐$62 ‐$214Cowra NSW Central West Cowra 165.6 U $168 $726 $132,553 $119,298 ‐$18 ‐$139 ‐$57 ‐$190Cootamundra NSW Murrumbidgee Cootamundra 123.1 H $240 $1,040 $192,018 $172,816 ‐$15 ‐$190 ‐$71 ‐$264Tumut NSW Murrumbidgee Tumut Shire 81.9 U $200 $867 $159,964 $143,968 ‐$13 ‐$159 ‐$59 ‐$220Shalvey NSW Sydney Blacktown 39.5 H $320 $1,387 $258,014 $232,213 ‐$9 ‐$245 ‐$84 ‐$344St Marys NSW Sydney Penrith 41.7 U $340 $1,473 $274,252 $246,827 ‐$9 ‐$260 ‐$89 ‐$365Wyoming NSW Sydney Gosford 52.4 U $325 $1,408 $262,673 $236,406 ‐$6 ‐$246 ‐$82 ‐$346Cooma NSW South Eastern Cooma‐Monaro 107.3 H $250 $1,083 $201,854 $181,669 ‐$6 ‐$190 ‐$64 ‐$267Kempsey NSW Mid‐North Coast Kempsey 348.7 H $255 $1,105 $205,999 $185,399 ‐$5 ‐$193 ‐$65 ‐$272Toukley NSW Sydney Wyong 73.7 U $290 $1,257 $234,624 $211,162 ‐$4 ‐$218 ‐$72 ‐$308Leeton NSW Murrumbidgee Leeton 264.4 U $173 $748 $139,349 $125,414 ‐$4 ‐$131 ‐$44 ‐$184Kandos NSW Central West Mid‐Western Regional 159.3 H $200 $867 $161,833 $145,650 ‐$3 ‐$151 ‐$50 ‐$212Liverpool NSW Sydney Liverpool 27.5 U $320 $1,387 $259,413 $233,472 ‐$2 ‐$239 ‐$77 ‐$338East Tamworth NSW Northern Tamworth Regional 307.7 U $240 $1,040 $194,816 $175,334 $0 ‐$178 ‐$57 ‐$252

3 year fixed interest rate (5.39%)Key Statistics Estimated difference between buying and renting

Median weekly asking rent

Monthly rental cost

Median value

Principal

Variable interest rate (5.9%)


VictoriaSee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs






Interest only

Docklands VIC Melbourne Melbourne 1.7 H $963 $4,171 $493,185 $443,867 ‐$1,538 ‐$1,988 ‐$1,681 ‐$2,177Carlton VIC Melbourne Melbourne 2.0 U $373 $1,614 $243,074 $218,767 ‐$317 ‐$539 ‐$387 ‐$632Abbotsford VIC Melbourne Yarra 4.3 U $475 $2,058 $360,868 $324,781 ‐$132 ‐$461 ‐$237 ‐$600Dimboola VIC Wimmera Hindmarsh 303.1 H $160 $693 $107,470 $96,723 ‐$120 ‐$218 ‐$151 ‐$259Warracknabeal VIC Wimmera Yarriambiack 286.0 H $155 $672 $105,864 $95,278 ‐$107 ‐$203 ‐$137 ‐$244California Gully VIC Loddon Greater Bendigo 135.9 U $230 $997 $169,615 $152,654 ‐$91 ‐$246 ‐$140 ‐$311Red Cliffs VIC Mallee Mildura 340.6 H $215 $932 $157,818 $142,036 ‐$89 ‐$233 ‐$135 ‐$294Irymple VIC Mallee Mildura 335.3 H $270 $1,170 $202,516 $182,264 ‐$89 ‐$274 ‐$148 ‐$351Mildura VIC Mallee Mildura 333.3 U $190 $823 $144,303 $129,873 ‐$53 ‐$185 ‐$95 ‐$240Merbein VIC Mallee Mildura 327.4 H $200 $867 $152,548 $137,293 ‐$52 ‐$192 ‐$97 ‐$250Dennington VIC Western District Moyne 229.1 H $370 $1,603 $294,141 $264,727 ‐$33 ‐$302 ‐$118 ‐$414Ararat VIC Central Highlands Ararat 184.8 H $225 $975 $176,575 $158,918 ‐$32 ‐$194 ‐$84 ‐$261Mildura VIC Mallee Mildura 333.3 H $245 $1,062 $193,398 $174,058 ‐$29 ‐$206 ‐$85 ‐$280Corio VIC Barwon Greater Geelong 58.0 U $240 $1,040 $189,544 $170,590 ‐$28 ‐$201 ‐$83 ‐$274Murtoa VIC Wimmera Yarriambiack 257.9 H $150 $650 $116,553 $104,898 ‐$28 ‐$134 ‐$62 ‐$179Soldiers Hill VIC Central Highlands Ballarat 101.2 U $213 $921 $171,082 $153,974 ‐$8 ‐$164 ‐$57 ‐$229Stawell VIC Wimmera Northern Grampians 212.3 H $210 $910 $169,912 $152,921 ‐$3 ‐$158 ‐$52 ‐$223

Key Statistics Estimated difference between buying and renting


Monthly rental cost

Median value

Principal









Interest only

Moranbah QLD Mackay Isaac 805.1 H $1,500 $6,500 $682,060 $613,854 ‐$2,859 ‐$3,482 ‐$3,057 ‐$3,743Blackwater QLD Fitzroy Central Highlands 615.8 H $900 $3,900 $442,933 $398,640 ‐$1,536 ‐$1,940 ‐$1,664 ‐$2,109Dysart QLD Mackay Isaac 725.5 H $980 $4,247 $560,729 $504,656 ‐$1,253 ‐$1,765 ‐$1,416 ‐$1,980Miles QLD Darling Downs Dalby 297.0 H $650 $2,817 $301,297 $271,167 ‐$1,208 ‐$1,483 ‐$1,296 ‐$1,599Kunda Park QLD Sunshine Coast Sunshine Coast 90.1 U $645 $2,795 $353,355 $318,020 ‐$909 ‐$1,231 ‐$1,011 ‐$1,367Emerald QLD Fitzroy Central Highlands 654.6 U $545 $2,362 $293,660 $264,294 ‐$794 ‐$1,062 ‐$879 ‐$1,175Wandoan QLD Darling Downs Dalby 344.1 H $600 $2,600 $353,923 $318,531 ‐$711 ‐$1,034 ‐$813 ‐$1,169Capella QLD Fitzroy Central Highlands 700.7 H $600 $2,600 $371,060 $333,954 ‐$619 ‐$958 ‐$727 ‐$1,100Roma QLD South West Roma 430.5 H $550 $2,383 $331,577 $298,419 ‐$613 ‐$916 ‐$709 ‐$1,043Chinchilla QLD Darling Downs Dalby 250.8 U $490 $2,123 $283,797 $255,417 ‐$608 ‐$868 ‐$691 ‐$976Minyama QLD Sunshine Coast Sunshine Coast 86.7 U $445 $1,928 $253,972 $228,575 ‐$573 ‐$805 ‐$646 ‐$902Mackay Harbour QLD Mackay Mackay 805.3 U $845 $3,662 $580,086 $522,077 ‐$565 ‐$1,095 ‐$733 ‐$1,317Scottville QLD Mackay Whitsunday 932.1 H $435 $1,885 $247,447 $222,702 ‐$564 ‐$790 ‐$636 ‐$885Parkside QLD North West Mount Isa 1301.4 H $530 $2,297 $325,139 $292,625 ‐$561 ‐$858 ‐$655 ‐$982Sippy Downs QLD Sunshine Coast Sunshine Coast 83.1 U $370 $1,603 $196,669 $177,002 ‐$553 ‐$733 ‐$611 ‐$808Sunset QLD North West Mount Isa 1301.4 H $545 $2,362 $347,024 $312,322 ‐$509 ‐$826 ‐$610 ‐$959Collinsville QLD Mackay Whitsunday 932.9 H $450 $1,950 $270,264 $243,238 ‐$507 ‐$754 ‐$586 ‐$857Kamerunga QLD Far North Cairns 1398.5 U $360 $1,560 $206,961 $186,265 ‐$455 ‐$644 ‐$515 ‐$723Emerald QLD Fitzroy Central Highlands 654.6 H $650 $2,817 $444,720 $400,248 ‐$443 ‐$849 ‐$572 ‐$1,019Soldiers Hill QLD North West Mount Isa 1299.2 H $530 $2,297 $349,726 $314,753 ‐$430 ‐$749 ‐$531 ‐$883Blacks Beach QLD Mackay Mackay 811.6 U $480 $2,080 $312,307 $281,076 ‐$413 ‐$698 ‐$503 ‐$817Pioneer QLD North West Mount Isa 1301.6 H $520 $2,253 $348,000 $313,200 ‐$396 ‐$713 ‐$497 ‐$847Healy QLD North West Mount Isa 1303.1 H $585 $2,535 $400,969 $360,872 ‐$395 ‐$761 ‐$511 ‐$914Townview QLD North West Mount Isa 1302.4 H $520 $2,253 $353,850 $318,465 ‐$364 ‐$688 ‐$467 ‐$823Ooralea QLD Mackay Mackay 802.4 H $650 $2,817 $469,812 $422,831 ‐$309 ‐$738 ‐$445 ‐$917East Mackay QLD Mackay Mackay 806.0 U $420 $1,820 $285,024 $256,522 ‐$298 ‐$559 ‐$381 ‐$668Flinders View QLD Brisbane Ipswich 31.7 U $210 $910 $114,988 $103,489 ‐$296 ‐$401 ‐$330 ‐$445Cloncurry QLD North West Cloncurry 1355.6 H $400 $1,733 $270,457 $243,411 ‐$290 ‐$537 ‐$368 ‐$640Bakers Creek QLD Mackay Mackay 798.4 H $470 $2,037 $329,082 $296,174 ‐$280 ‐$580 ‐$375 ‐$706Mornington QLD North West Mount Isa 1301.8 H $498 $2,156 $354,619 $319,157 ‐$263 ‐$587 ‐$366 ‐$722Garbutt QLD Northern Townsville 1114.3 U $320 $1,387 $211,808 $190,627 ‐$256 ‐$449 ‐$317 ‐$530Smithfield QLD Far North Cairns 1403.6 U $200 $867 $117,852 $106,067 ‐$238 ‐$345 ‐$272 ‐$390Logan Central QLD Brisbane Logan 20.8 U $250 $1,083 $160,752 $144,677 ‐$225 ‐$372 ‐$272 ‐$433South Gladstone QLD Fitzroy Gladstone 438.2 U $428 $1,853 $306,110 $275,499 ‐$218 ‐$498 ‐$307 ‐$615Mount Lofty QLD Darling Downs Toowoomba 103.5 U $255 $1,105 $167,752 $150,977 ‐$210 ‐$363 ‐$258 ‐$427Redlynch QLD Far North Cairns 1394.0 U $285 $1,235 $192,730 $173,457 ‐$206 ‐$382 ‐$262 ‐$456Winston QLD North West Mount Isa 1300.1 H $480 $2,080 $351,248 $316,123 ‐$205 ‐$526 ‐$307 ‐$660Parramatta Park QLD Far North Cairns 1390.2 U $265 $1,148 $177,381 $159,643 ‐$201 ‐$363 ‐$253 ‐$431Brisbane City QLD Brisbane Brisbane 0.5 U $620 $2,687 $466,134 $419,521 ‐$198 ‐$624 ‐$334 ‐$802Waterford QLD Brisbane Logan 28.7 U $310 $1,343 $217,239 $195,515 ‐$184 ‐$382 ‐$247 ‐$465Bungalow QLD Far North Cairns 1389.3 U $210 $910 $137,272 $123,545 ‐$177 ‐$303 ‐$217 ‐$355Hillcrest QLD Brisbane Logan 22.0 U $340 $1,473 $243,263 $218,937 ‐$175 ‐$397 ‐$245 ‐$490Eimeo QLD Mackay Mackay 813.9 U $500 $2,167 $374,694 $337,225 ‐$166 ‐$509 ‐$275 ‐$652Cairns City QLD Far North Cairns 1389.5 U $400 $1,733 $293,812 $264,431 ‐$165 ‐$433 ‐$250 ‐$546Westcourt QLD Far North Cairns 1390.1 U $190 $823 $123,939 $111,545 ‐$162 ‐$275 ‐$198 ‐$322Pimlico QLD Northern Townsville 1110.8 U $310 $1,343 $221,750 $199,575 ‐$160 ‐$362 ‐$224 ‐$447Woodridge QLD Brisbane Logan 19.1 U $250 $1,083 $173,289 $155,960 ‐$158 ‐$317 ‐$209 ‐$383Riverhills QLD Brisbane Brisbane 15.5 U $433 $1,874 $321,752 $289,577 ‐$157 ‐$450 ‐$250 ‐$573Bellbird Park QLD Brisbane Ipswich 24.1 U $265 $1,148 $186,019 $167,417 ‐$155 ‐$325 ‐$209 ‐$396Caboolture South QLD Brisbane Moreton Bay 42.7 U $278 $1,203 $196,892 $177,203 ‐$151 ‐$331 ‐$209 ‐$407Bundamba QLD Brisbane Ipswich 26.2 U $243 $1,051 $168,838 $151,954 ‐$150 ‐$304 ‐$199 ‐$368Depot Hill QLD Fitzroy Rockhampton 518.7 H $265 $1,148 $187,362 $168,626 ‐$148 ‐$319 ‐$202 ‐$391Meadowbrook QLD Brisbane Logan 24.4 U $335 $1,452 $244,272 $219,845 ‐$148 ‐$371 ‐$219 ‐$464Cardwell QLD Far North Cassowary Coast 1249.4 U $330 $1,430 $241,158 $217,042 ‐$143 ‐$363 ‐$213 ‐$455Stratford QLD Far North Cairns 1396.1 U $285 $1,235 $204,763 $184,287 ‐$142 ‐$329 ‐$201 ‐$407Earlville QLD Far North Cairns 1389.7 U $220 $953 $152,096 $136,886 ‐$141 ‐$280 ‐$186 ‐$338Cranbrook QLD Northern Townsville 1110.7 U $288 $1,246 $207,813 $187,032 ‐$136 ‐$326 ‐$197 ‐$406Manoora QLD Far North Cairns 1392.2 U $210 $910 $145,622 $131,060 ‐$133 ‐$266 ‐$175 ‐$321Manunda QLD Far North Cairns 1391.5 U $200 $867 $138,413 $124,572 ‐$128 ‐$254 ‐$168 ‐$307Edmonton QLD Far North Cairns 1382.9 U $200 $867 $138,555 $124,700 ‐$127 ‐$254 ‐$167 ‐$307Barney Point QLD Fitzroy Gladstone 440.1 H $490 $2,123 $374,828 $337,345 ‐$122 ‐$465 ‐$231 ‐$608Dolphin Heads QLD Mackay Mackay 814.2 U $480 $2,080 $366,974 $330,277 ‐$121 ‐$456 ‐$227 ‐$597West Gladstone QLD Fitzroy Gladstone 439.6 U $450 $1,950 $343,831 $309,448 ‐$115 ‐$429 ‐$214 ‐$560Loganlea QLD Brisbane Logan 24.9 U $280 $1,213 $205,957 $185,361 ‐$114 ‐$302 ‐$174 ‐$381Kingston QLD Brisbane Logan 22.7 U $315 $1,365 $234,375 $210,938 ‐$114 ‐$328 ‐$182 ‐$418Wynnum West QLD Brisbane Brisbane 12.5 U $380 $1,647 $287,309 $258,578 ‐$113 ‐$375 ‐$196 ‐$485Highland Park QLD Gold Coast Gold Coast 67.4 U $330 $1,430 $247,906 $223,115 ‐$107 ‐$333 ‐$179 ‐$428Andergrove QLD Mackay Mackay 809.1 U $420 $1,820 $321,036 $288,932 ‐$106 ‐$399 ‐$199 ‐$522Goodna QLD Brisbane Ipswich 20.1 U $275 $1,192 $204,479 $184,031 ‐$100 ‐$287 ‐$159 ‐$365Hyde Park QLD Northern Townsville 1110.5 U $280 $1,213 $208,727 $187,854 ‐$99 ‐$290 ‐$160 ‐$370Charleville QLD South West Murweh 679.9 H $230 $997 $168,284 $151,456 ‐$98 ‐$252 ‐$147 ‐$316Cairns North QLD Far North Cairns 1392.0 U $265 $1,148 $197,192 $177,473 ‐$96 ‐$276 ‐$153 ‐$351Railway Estate QLD Northern Townsville 1109.5 U $295 $1,278 $221,593 $199,434 ‐$95 ‐$298 ‐$160 ‐$383Robertson QLD Brisbane Brisbane 10.8 U $390 $1,690 $298,929 $269,036 ‐$94 ‐$367 ‐$181 ‐$482Freshwater QLD Far North Cairns 1396.8 U $275 $1,192 $206,160 $185,544 ‐$91 ‐$279 ‐$151 ‐$358Mackay QLD Mackay Mackay 804.2 U $420 $1,820 $324,096 $291,686 ‐$90 ‐$386 ‐$184 ‐$510New Auckland QLD Fitzroy Gladstone 437.0 U $450 $1,950 $348,457 $313,611 ‐$90 ‐$408 ‐$191 ‐$541Calliope QLD Fitzroy Gladstone 422.7 H $590 $2,557 $463,273 $416,946 ‐$84 ‐$507 ‐$218 ‐$684Sun Valley QLD Fitzroy Gladstone 437.4 H $540 $2,340 $422,733 $380,460 ‐$83 ‐$469 ‐$206 ‐$631North Mackay QLD Mackay Mackay 806.2 U $370 $1,603 $285,519 $256,967 ‐$79 ‐$340 ‐$162 ‐$449Clermont QLD Mackay Isaac 770.5 H $500 $2,167 $391,215 $352,094 ‐$78 ‐$436 ‐$192 ‐$585Mudgeeraba QLD Gold Coast Gold Coast 75.2 U $365 $1,582 $281,691 $253,522 ‐$78 ‐$335 ‐$160 ‐$443Hermit Park QLD Northern Townsville 1109.6 U $265 $1,148 $200,952 $180,857 ‐$76 ‐$259 ‐$134 ‐$336Waterford West QLD Brisbane Logan 26.4 U $265 $1,148 $201,140 $181,026 ‐$75 ‐$258 ‐$133 ‐$335Blackstone QLD Brisbane Ipswich 28.2 H $330 $1,430 $254,171 $228,754 ‐$73 ‐$305 ‐$147 ‐$403Whitfield QLD Far North Cairns 1393.5 U $255 $1,105 $193,462 $174,116 ‐$72 ‐$249 ‐$128 ‐$323Mooroobool QLD Far North Cairns 1390.9 U $240 $1,040 $181,302 $163,172 ‐$72 ‐$238 ‐$125 ‐$307



Monthly rental cost

Median value

Principal


QueenslandSee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs







Interest only

Kooralbyn QLD West Moreton Scenic Rim 69.9 U $160 $693 $116,453 $104,808 ‐$72 ‐$178 ‐$105 ‐$223Bundall QLD Gold Coast Gold Coast 70.8 U $385 $1,668 $299,261 $269,335 ‐$71 ‐$344 ‐$158 ‐$459Edge Hill QLD Far North Cairns 1393.4 U $200 $867 $149,191 $134,272 ‐$70 ‐$206 ‐$114 ‐$264Kuraby QLD Brisbane Brisbane 16.2 U $373 $1,614 $289,295 $260,366 ‐$70 ‐$334 ‐$154 ‐$445Yorkeys Knob QLD Far North Cairns 1402.3 U $240 $1,040 $182,629 $164,366 ‐$65 ‐$232 ‐$118 ‐$302Rockhampton City QLD Fitzroy Rockhampton 520.5 H $280 $1,213 $215,168 $193,651 ‐$65 ‐$261 ‐$127 ‐$344Holloways Beach QLD Far North Cairns 1400.1 U $230 $997 $174,707 $157,236 ‐$64 ‐$224 ‐$115 ‐$290Beenleigh QLD Brisbane Logan 31.6 U $255 $1,105 $195,339 $175,805 ‐$62 ‐$241 ‐$119 ‐$315Maryborough QLD Wide Bay‐Burnett Fraser Coast 218.9 U $230 $997 $175,062 $157,556 ‐$62 ‐$222 ‐$113 ‐$289Merrimac QLD Gold Coast Gold Coast 72.8 U $350 $1,517 $272,550 $245,295 ‐$62 ‐$311 ‐$141 ‐$415White Rock QLD Far North Cairns 1385.3 U $310 $1,343 $240,177 $216,159 ‐$61 ‐$281 ‐$131 ‐$372Acacia Ridge QLD Brisbane Brisbane 12.8 U $330 $1,430 $256,460 $230,814 ‐$61 ‐$295 ‐$135 ‐$393Pacific Pines QLD Gold Coast Gold Coast 59.4 U $360 $1,560 $281,415 $253,274 ‐$58 ‐$315 ‐$139 ‐$422Helensvale QLD Gold Coast Gold Coast 58.0 U $400 $1,733 $314,059 $282,653 ‐$57 ‐$344 ‐$148 ‐$464Collingwood Park QLD Brisbane Ipswich 23.9 U $265 $1,148 $204,700 $184,230 ‐$56 ‐$243 ‐$115 ‐$321Slacks Creek QLD Brisbane Logan 21.1 U $270 $1,170 $209,593 $188,634 ‐$51 ‐$243 ‐$112 ‐$323Currajong QLD Northern Townsville 1111.8 U $260 $1,127 $201,651 $181,486 ‐$50 ‐$234 ‐$109 ‐$311Nambour QLD Sunshine Coast Sunshine Coast 94.1 U $280 $1,213 $218,095 $196,286 ‐$49 ‐$248 ‐$112 ‐$332Brendale QLD Brisbane Moreton Bay 17.0 U $323 $1,398 $253,298 $227,968 ‐$45 ‐$277 ‐$119 ‐$374Harristown QLD Darling Downs Toowoomba 109.3 U $250 $1,083 $194,775 $175,298 ‐$44 ‐$221 ‐$100 ‐$296Woree QLD Far North Cairns 1387.3 U $190 $823 $146,071 $131,464 ‐$44 ‐$177 ‐$86 ‐$233Oxley QLD Brisbane Brisbane 11.2 U $385 $1,668 $304,591 $274,132 ‐$42 ‐$321 ‐$131 ‐$437Gatton QLD West Moreton Lockyer Valley 75.2 U $258 $1,116 $201,239 $181,115 ‐$42 ‐$225 ‐$100 ‐$302Deception Bay QLD Brisbane Moreton Bay 32.2 U $296 $1,283 $234,061 $210,655 ‐$33 ‐$247 ‐$101 ‐$336Coomera QLD Gold Coast Gold Coast 52.2 U $450 $1,950 $359,104 $323,194 ‐$33 ‐$361 ‐$137 ‐$498Browns Plains QLD Brisbane Logan 21.5 U $320 $1,387 $253,777 $228,399 ‐$32 ‐$264 ‐$106 ‐$361Archerfield QLD Brisbane Brisbane 10.9 H $345 $1,495 $274,193 $246,774 ‐$31 ‐$282 ‐$111 ‐$387Berserker QLD Fitzroy Rockhampton 521.1 U $320 $1,387 $253,913 $228,522 ‐$31 ‐$263 ‐$105 ‐$360Warner QLD Brisbane Moreton Bay 19.2 U $310 $1,343 $245,821 $221,239 ‐$31 ‐$256 ‐$102 ‐$350New Auckland QLD Fitzroy Gladstone 437.0 H $578 $2,503 $462,979 $416,681 ‐$31 ‐$454 ‐$165 ‐$631Kirwan QLD Northern Townsville 1112.4 U $340 $1,473 $270,487 $243,438 ‐$29 ‐$276 ‐$108 ‐$380Hemmant QLD Brisbane Brisbane 10.3 U $350 $1,517 $278,615 $250,754 ‐$29 ‐$284 ‐$110 ‐$390Heatley QLD Northern Townsville 1111.7 U $230 $997 $181,268 $163,141 ‐$29 ‐$195 ‐$82 ‐$264Burleigh Waters QLD Gold Coast Gold Coast 79.0 U $350 $1,517 $278,953 $251,058 ‐$28 ‐$282 ‐$108 ‐$389West End QLD Northern Townsville 1112.0 U $300 $1,300 $238,721 $214,849 ‐$26 ‐$244 ‐$95 ‐$335West Rockhampton QLD Fitzroy Rockhampton 521.5 H $330 $1,430 $263,493 $237,144 ‐$23 ‐$264 ‐$100 ‐$365Nerang QLD Gold Coast Gold Coast 63.2 U $330 $1,430 $263,862 $237,476 ‐$21 ‐$262 ‐$98 ‐$363Fortitude Valley QLD Brisbane Brisbane 1.7 U $470 $2,037 $377,603 $339,843 ‐$21 ‐$366 ‐$130 ‐$510Redbank Plains QLD Brisbane Ipswich 26.8 U $265 $1,148 $211,309 $190,178 ‐$20 ‐$213 ‐$82 ‐$294Mundingburra QLD Northern Townsville 1109.3 U $278 $1,203 $221,904 $199,714 ‐$18 ‐$221 ‐$82 ‐$305Wurtulla QLD Sunshine Coast Sunshine Coast 80.2 U $350 $1,517 $280,888 $252,799 ‐$17 ‐$274 ‐$99 ‐$381Lawnton QLD Brisbane Moreton Bay 21.5 U $285 $1,235 $228,191 $205,372 ‐$17 ‐$225 ‐$83 ‐$313Rosslea QLD Northern Townsville 1108.6 U $285 $1,235 $228,210 $205,389 ‐$17 ‐$225 ‐$83 ‐$312Algester QLD Brisbane Brisbane 15.8 U $370 $1,603 $297,281 $267,553 ‐$16 ‐$288 ‐$103 ‐$402Aitkenvale QLD Northern Townsville 1110.3 U $315 $1,365 $253,065 $227,759 ‐$14 ‐$245 ‐$87 ‐$342Dinmore QLD Brisbane Ipswich 23.7 H $275 $1,192 $220,725 $198,653 ‐$13 ‐$215 ‐$77 ‐$299Rockville QLD Darling Downs Toowoomba 107.8 U $233 $1,008 $186,244 $167,620 ‐$13 ‐$183 ‐$67 ‐$255Vincent QLD Northern Townsville 1112.0 H $330 $1,430 $265,430 $238,887 ‐$13 ‐$255 ‐$90 ‐$357Sunnybank Hills QLD Brisbane Brisbane 13.8 U $390 $1,690 $314,380 $282,942 ‐$12 ‐$299 ‐$103 ‐$419Springfield QLD Brisbane Ipswich 23.6 U $330 $1,430 $265,799 $239,219 ‐$11 ‐$254 ‐$88 ‐$356Norman Gardens QLD Fitzroy Rockhampton 524.2 U $330 $1,430 $266,151 $239,536 ‐$9 ‐$252 ‐$86 ‐$354Victoria Point QLD Brisbane Redland 28.6 U $370 $1,603 $298,661 $268,795 ‐$9 ‐$282 ‐$96 ‐$396Crestmead QLD Brisbane Logan 24.4 H $330 $1,430 $266,474 $239,827 ‐$8 ‐$251 ‐$85 ‐$353West Mackay QLD Mackay Mackay 804.5 H $495 $2,145 $400,645 $360,581 ‐$6 ‐$372 ‐$122 ‐$525Runcorn QLD Brisbane Brisbane 15.0 U $375 $1,625 $303,480 $273,132 ‐$5 ‐$282 ‐$93 ‐$398Elanora QLD Gold Coast Gold Coast 85.1 U $350 $1,517 $283,229 $254,906 ‐$5 ‐$263 ‐$87 ‐$372Woodridge QLD Brisbane Logan 19.1 H $300 $1,300 $243,085 $218,777 ‐$2 ‐$224 ‐$73 ‐$317Sunnybank QLD Brisbane Brisbane 12.4 U $410 $1,777 $332,459 $299,213 ‐$2 ‐$306 ‐$98 ‐$433Varsity Lakes QLD Gold Coast Gold Coast 78.2 U $420 $1,820 $340,755 $306,680 ‐$1 ‐$312 ‐$100 ‐$442South Mackay QLD Mackay Mackay 802.2 U $400 $1,733 $324,598 $292,138 ‐$1 ‐$297 ‐$95 ‐$421



Monthly rental cost

Median value

Principal


Queensland (cont’d)See accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs








Interest only

Gilles Plains SA Adelaide Port Adelaide Enfield 9.8 U $350 $1,517 $241,636 $217,472 ‐$227 ‐$447 ‐$297 ‐$540Port Pirie West SA Northern Port Pirie City and Dists 204.6 H $200 $867 $129,604 $116,644 ‐$175 ‐$293 ‐$212 ‐$343Whyalla Stuart SA Northern Whyalla 232.9 H $310 $1,343 $222,507 $200,256 ‐$156 ‐$359 ‐$220 ‐$444Berri SA Murray Lands Berri and Barmera 197.3 U $170 $737 $112,081 $100,873 ‐$138 ‐$241 ‐$171 ‐$284Athol Park SA Adelaide Charles Sturt 9.0 U $320 $1,387 $234,768 $211,291 ‐$133 ‐$348 ‐$202 ‐$438Elizabeth Downs SA Adelaide Playford 26.5 U $200 $867 $137,602 $123,842 ‐$132 ‐$258 ‐$172 ‐$310Port Augusta West SA Northern Port Augusta 282.4 U $180 $780 $124,720 $112,248 ‐$114 ‐$228 ‐$150 ‐$276Evanston SA Adelaide Gawler 35.9 U $198 $856 $139,986 $125,987 ‐$109 ‐$236 ‐$149 ‐$290Davoren Park SA Adelaide Playford 26.6 H $240 $1,040 $175,357 $157,821 ‐$104 ‐$264 ‐$155 ‐$331Gawler West SA Adelaide Gawler 37.6 U $240 $1,040 $175,560 $158,004 ‐$103 ‐$263 ‐$154 ‐$330Whyalla Norrie SA Northern Whyalla 232.3 H $285 $1,235 $212,418 $191,176 ‐$101 ‐$295 ‐$163 ‐$376Elizabeth North SA Adelaide Playford 25.8 U $210 $910 $151,950 $136,755 ‐$99 ‐$238 ‐$143 ‐$296Elizabeth Vale SA Adelaide Playford 20.4 U $191 $828 $137,341 $123,607 ‐$95 ‐$220 ‐$134 ‐$272Salisbury SA Adelaide Salisbury 18.1 U $220 $953 $161,073 $144,966 ‐$93 ‐$241 ‐$140 ‐$302Elizabeth South SA Adelaide Playford 21.0 U $200 $867 $144,949 $130,454 ‐$93 ‐$225 ‐$135 ‐$281Elizabeth Park SA Adelaide Playford 24.9 U $205 $888 $149,514 $134,563 ‐$90 ‐$227 ‐$134 ‐$284Elizabeth East SA Adelaide Playford 23.0 U $210 $910 $153,700 $138,330 ‐$90 ‐$230 ‐$134 ‐$289Whyalla Playford SA Northern Whyalla 231.3 U $215 $932 $158,440 $142,596 ‐$86 ‐$231 ‐$132 ‐$291Smithfield Plains SA Adelaide Playford 28.4 U $195 $845 $142,726 $128,453 ‐$83 ‐$213 ‐$124 ‐$268Reynella SA Adelaide Onkaparinga 20.4 U $260 $1,127 $196,197 $176,577 ‐$79 ‐$258 ‐$136 ‐$334Elizabeth North SA Adelaide Playford 25.8 H $240 $1,040 $180,561 $162,505 ‐$76 ‐$241 ‐$128 ‐$310Davoren Park SA Adelaide Playford 26.6 U $190 $823 $141,375 $127,238 ‐$69 ‐$198 ‐$110 ‐$252Smithfield Plains SA Adelaide Playford 28.4 H $240 $1,040 $182,344 $164,110 ‐$67 ‐$233 ‐$119 ‐$303Elizabeth Grove SA Adelaide Playford 21.9 U $200 $867 $150,335 $135,302 ‐$64 ‐$201 ‐$108 ‐$259Whyalla SA Northern Whyalla 229.7 U $223 $964 $168,785 $151,907 ‐$63 ‐$217 ‐$112 ‐$282Pooraka SA Adelaide Salisbury 11.3 U $260 $1,127 $201,226 $181,103 ‐$52 ‐$236 ‐$111 ‐$313Bedford Park SA Adelaide Mitcham 11.3 U $270 $1,170 $209,738 $188,764 ‐$50 ‐$242 ‐$111 ‐$322Elizabeth Park SA Adelaide Playford 24.9 H $251 $1,088 $194,433 $174,990 ‐$50 ‐$227 ‐$106 ‐$302Roxby Downs SA Northern Roxby Downs 510.9 H $580 $2,513 $462,380 $416,142 ‐$45 ‐$467 ‐$179 ‐$644Tailem Bend SA Murray Lands The Coorong 90.3 H $200 $867 $154,983 $139,485 ‐$39 ‐$181 ‐$84 ‐$240Risdon Park South SA Northern Port Pirie City and Dists 198.2 U $155 $672 $118,588 $106,729 ‐$39 ‐$147 ‐$73 ‐$192Port Pirie South SA Northern Port Pirie City and Dists 197.7 H $235 $1,018 $184,160 $165,744 ‐$35 ‐$203 ‐$89 ‐$274Balaklava SA Yorke and Lower NorthWakefield 87.9 H $240 $1,040 $189,175 $170,258 ‐$30 ‐$203 ‐$85 ‐$275Peterborough SA Northern Peterborough 218.5 H $135 $585 $104,071 $93,664 ‐$29 ‐$124 ‐$60 ‐$164Northfield SA Adelaide Port Adelaide Enfield 9.2 U $268 $1,159 $212,131 $190,918 ‐$27 ‐$220 ‐$88 ‐$302Pennington SA Adelaide Charles Sturt 9.4 U $280 $1,213 $222,923 $200,631 ‐$23 ‐$227 ‐$88 ‐$312Whyalla Stuart SA Northern Whyalla 232.9 U $195 $845 $153,955 $138,560 ‐$23 ‐$164 ‐$68 ‐$223Port Noarlunga SA Adelaide Onkaparinga 27.9 U $245 $1,062 $194,800 $175,320 ‐$22 ‐$200 ‐$78 ‐$274Salisbury North SA Adelaide Salisbury 20.1 U $235 $1,018 $186,889 $168,200 ‐$21 ‐$191 ‐$75 ‐$263Risdon Park SA Northern Port Pirie City and Dists 200.7 U $160 $693 $126,018 $113,416 ‐$21 ‐$136 ‐$57 ‐$184Paralowie SA Adelaide Salisbury 18.5 U $243 $1,051 $193,058 $173,752 ‐$20 ‐$197 ‐$76 ‐$270Elizabeth Downs SA Adelaide Playford 26.5 H $240 $1,040 $191,660 $172,494 ‐$17 ‐$192 ‐$72 ‐$265Whyalla Norrie SA Northern Whyalla 232.3 U $200 $867 $160,440 $144,396 ‐$10 ‐$157 ‐$57 ‐$218Solomontown SA Northern Port Pirie City and Dists 200.5 H $190 $823 $152,371 $137,134 ‐$10 ‐$149 ‐$54 ‐$207Elizabeth Grove SA Adelaide Playford 21.9 H $250 $1,083 $201,252 $181,127 ‐$9 ‐$193 ‐$67 ‐$270Hillcrest SA Adelaide Port Adelaide Enfield 8.0 U $260 $1,127 $209,620 $188,658 ‐$8 ‐$199 ‐$68 ‐$279Devon Park SA Adelaide Port Adelaide Enfield 4.3 U $383 $1,658 $309,128 $278,215 ‐$7 ‐$290 ‐$97 ‐$408Elizabeth East SA Adelaide Playford 23.0 H $260 $1,127 $210,947 $189,852 ‐$1 ‐$193 ‐$62 ‐$274



Monthly rental cost

Median value

Principal


South AustraliaSee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs








Interest only

Ledge Point WA Midlands Gingin 104.8 H $1,500 $6,500 $508,225 $457,403 ‐$3,787 ‐$4,251 ‐$3,934 ‐$4,446Port Hedland WA Pilbara Port Hedland 1321.1 H $2,300 $9,967 $1,283,300 $1,154,970 ‐$3,116 ‐$4,288 ‐$3,488 ‐$4,779Port Hedland WA Pilbara Port Hedland 1321.1 U $1,625 $7,042 $758,861 $682,975 ‐$2,991 ‐$3,684 ‐$3,211 ‐$3,974South Hedland WA Pilbara Port Hedland 1312.7 H $1,800 $7,800 $909,299 $818,369 ‐$2,946 ‐$3,776 ‐$3,210 ‐$4,124Nickol WA Pilbara Roebourne 1250.5 H $1,700 $7,367 $882,166 $793,949 ‐$2,657 ‐$3,463 ‐$2,913 ‐$3,801Pegs Creek WA Pilbara Roebourne 1251.4 H $1,500 $6,500 $742,284 $668,056 ‐$2,538 ‐$3,215 ‐$2,753 ‐$3,499Millars Well WA Pilbara Roebourne 1251.2 H $1,500 $6,500 $769,794 $692,815 ‐$2,391 ‐$3,094 ‐$2,614 ‐$3,388Baynton WA Pilbara Roebourne 1249.0 H $1,725 $7,475 $1,013,634 $912,271 ‐$2,064 ‐$2,990 ‐$2,358 ‐$3,377Bulgarra WA Pilbara Roebourne 1252.3 H $1,350 $5,850 $766,130 $689,517 ‐$1,760 ‐$2,460 ‐$1,982 ‐$2,753Dampier WA Pilbara Roebourne 1257.8 H $1,500 $6,500 $920,370 $828,333 ‐$1,587 ‐$2,427 ‐$1,854 ‐$2,779Derby WA Kimberley Derby‐West Kimberley 945.4 H $925 $4,008 $494,147 $444,732 ‐$1,370 ‐$1,822 ‐$1,514 ‐$2,011Pegs Creek WA Pilbara Roebourne 1251.4 U $950 $4,117 $527,045 $474,341 ‐$1,303 ‐$1,784 ‐$1,456 ‐$1,986Bulgarra WA Pilbara Roebourne 1252.3 U $900 $3,900 $551,255 $496,130 ‐$957 ‐$1,461 ‐$1,117 ‐$1,672Burswood WA Perth Victoria Park 3.3 H $990 $4,290 $667,741 $600,967 ‐$725 ‐$1,335 ‐$919 ‐$1,591Merredin WA Midlands Merredin 236.6 H $325 $1,408 $195,918 $176,326 ‐$362 ‐$541 ‐$419 ‐$616Collie WA South West Collie 158.6 U $390 $1,690 $251,776 $226,598 ‐$346 ‐$576 ‐$419 ‐$672Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.1 U $370 $1,603 $245,016 $220,514 ‐$295 ‐$519 ‐$366 ‐$613Piccadilly WA South Eastern Kalgoorlie/Boulder 548.9 H $445 $1,928 $308,816 $277,934 ‐$280 ‐$562 ‐$369 ‐$680Perth WA Perth Perth 0.7 U $600 $2,600 $435,321 $391,789 ‐$276 ‐$674 ‐$402 ‐$840Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.1 H $430 $1,863 $298,943 $269,049 ‐$268 ‐$541 ‐$354 ‐$655Ascot WA Perth Belmont 7.2 U $500 $2,167 $358,140 $322,326 ‐$255 ‐$582 ‐$359 ‐$719Piccadilly WA South Eastern Kalgoorlie/Boulder 548.9 U $370 $1,603 $258,756 $232,880 ‐$222 ‐$458 ‐$297 ‐$557Somerville WA South Eastern Kalgoorlie/Boulder 547.2 H $590 $2,557 $440,108 $396,097 ‐$207 ‐$609 ‐$335 ‐$778Kambalda West WA South Eastern Coolgardie 549.4 H $300 $1,300 $204,895 $184,406 ‐$206 ‐$393 ‐$266 ‐$472Coolgardie WA South Eastern Coolgardie 514.5 H $260 $1,127 $174,309 $156,878 ‐$196 ‐$355 ‐$247 ‐$422Boulder WA South Eastern Kalgoorlie/Boulder 549.6 H $370 $1,603 $266,667 $240,000 ‐$180 ‐$423 ‐$257 ‐$525Kununurra WA Kimberley Wyndham‐East Kimberley 409.5 H $640 $2,773 $486,806 $438,125 ‐$175 ‐$619 ‐$316 ‐$805Kambalda East WA South Eastern Coolgardie 560.3 H $240 $1,040 $162,717 $146,445 ‐$171 ‐$320 ‐$219 ‐$382Withers WA South West Bunbury 158.7 U $230 $997 $154,943 $139,449 ‐$170 ‐$311 ‐$214 ‐$370South Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.8 U $300 $1,300 $212,822 $191,540 ‐$164 ‐$358 ‐$226 ‐$440Lamington WA South Eastern Kalgoorlie/Boulder 548.9 H $475 $2,058 $360,152 $324,137 ‐$136 ‐$465 ‐$240 ‐$602Broome WA Kimberley Broome 1107.5 U $550 $2,383 $421,464 $379,318 ‐$133 ‐$518 ‐$256 ‐$680Somerville WA South Eastern Kalgoorlie/Boulder 547.2 U $380 $1,647 $286,322 $257,690 ‐$118 ‐$380 ‐$201 ‐$489Girrawheen WA Perth Wanneroo 12.5 U $340 $1,473 $258,045 $232,241 ‐$96 ‐$331 ‐$171 ‐$430Hannans WA South Eastern Kalgoorlie/Boulder 548.6 H $550 $2,383 $432,193 $388,974 ‐$76 ‐$471 ‐$202 ‐$636South Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.8 H $380 $1,647 $295,086 $265,577 ‐$71 ‐$341 ‐$157 ‐$454Kununurra WA Kimberley Wyndham‐East Kimberley 409.5 U $535 $2,318 $422,461 $380,215 ‐$63 ‐$449 ‐$186 ‐$611South Boulder WA South Eastern Kalgoorlie/Boulder 550.1 H $360 $1,560 $282,042 $253,838 ‐$54 ‐$312 ‐$136 ‐$420Djugun WA Kimberley Broome 1106.1 U $550 $2,383 $436,553 $392,898 ‐$53 ‐$452 ‐$180 ‐$619Boulder WA South Eastern Kalgoorlie/Boulder 549.6 U $298 $1,289 $232,538 $209,284 ‐$48 ‐$260 ‐$115 ‐$349West Perth WA Perth Perth 1.8 U $600 $2,600 $479,813 $431,832 ‐$39 ‐$477 ‐$178 ‐$660Carey Park WA South West Bunbury 157.0 U $320 $1,387 $253,231 $227,908 ‐$35 ‐$266 ‐$108 ‐$363Orelia WA Perth Kwinana 31.4 U $245 $1,062 $196,817 $177,135 ‐$11 ‐$191 ‐$68 ‐$266Rangeway WA Central Geraldton‐Greenough 371.2 H $260 $1,127 $209,359 $188,423 ‐$9 ‐$200 ‐$70 ‐$280



Monthly rental cost

Median value

Principal


Western AustraliaSee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs








Interest only

Herdsmans Cove TAS Greater Hobart Brighton 15.4 H $218 $943 $137,040 $123,336 ‐$211 ‐$336 ‐$251 ‐$389Ravenswood TAS Northern Launceston 1019.4 U $170 $737 $99,640 $89,676 ‐$205 ‐$296 ‐$234 ‐$334Chigwell TAS Greater Hobart Glenorchy 11.5 H $280 $1,213 $189,642 $170,678 ‐$201 ‐$374 ‐$256 ‐$447Risdon Vale TAS Greater Hobart Clarence 8.9 H $260 $1,127 $179,149 $161,234 ‐$170 ‐$334 ‐$222 ‐$402Gagebrook TAS Greater Hobart Brighton 16.0 H $215 $932 $144,469 $130,022 ‐$160 ‐$292 ‐$202 ‐$348Rocherlea TAS Northern Launceston 168.0 H $200 $867 $135,791 $122,212 ‐$142 ‐$266 ‐$181 ‐$318Bridgewater TAS Greater Hobart Brighton 18.9 H $250 $1,083 $177,821 $160,039 ‐$134 ‐$296 ‐$186 ‐$364Zeehan TAS Mersey‐Lyell West Coast 196.8 H $150 $650 $97,517 $87,765 ‐$129 ‐$218 ‐$158 ‐$256Queenstown TAS Mersey‐Lyell West Coast 171.2 H $140 $607 $90,723 $81,651 ‐$122 ‐$205 ‐$149 ‐$240Hillcrest TAS Mersey‐Lyell Burnie 234.4 H $220 $953 $156,604 $140,944 ‐$117 ‐$260 ‐$163 ‐$320Mayfield TAS Northern Launceston 173.6 H $210 $910 $148,748 $133,873 ‐$116 ‐$252 ‐$159 ‐$309Campbell Town TAS Northern Northern Midlands 107.3 H $250 $1,083 $182,391 $164,152 ‐$110 ‐$276 ‐$163 ‐$346Waverley TAS Northern Launceston 162.4 H $220 $953 $158,321 $142,489 ‐$108 ‐$253 ‐$154 ‐$313New Norfolk TAS Greater Hobart Derwent Valley 24.8 H $250 $1,083 $182,840 $164,556 ‐$107 ‐$274 ‐$160 ‐$344Warrane TAS Greater Hobart Clarence 5.9 H $290 $1,257 $217,623 $195,861 ‐$95 ‐$294 ‐$158 ‐$377Clarendon Vale TAS Greater Hobart Clarence 9.8 H $213 $921 $155,380 $139,842 ‐$91 ‐$233 ‐$136 ‐$293East Devonport TAS Mersey‐Lyell Devonport 203.6 U $210 $910 $154,591 $139,132 ‐$85 ‐$226 ‐$130 ‐$285Rokeby TAS Greater Hobart Clarence 9.4 H $250 $1,083 $187,326 $168,593 ‐$83 ‐$254 ‐$138 ‐$326Rosebery TAS Mersey‐Lyell West Coast 191.1 H $140 $607 $98,715 $88,844 ‐$80 ‐$170 ‐$108 ‐$208Brighton TAS Greater Hobart Brighton 22.1 U $260 $1,127 $201,428 $181,285 ‐$51 ‐$235 ‐$110 ‐$312Acton TAS Mersey‐Lyell Burnie 233.5 H $220 $953 $169,045 $152,141 ‐$51 ‐$205 ‐$100 ‐$270Goodwood TAS Greater Hobart Glenorchy 6.7 H $270 $1,170 $209,913 $188,922 ‐$49 ‐$241 ‐$110 ‐$321Glenorchy TAS Greater Hobart Glenorchy 6.6 U $245 $1,062 $191,590 $172,431 ‐$39 ‐$214 ‐$94 ‐$287Shorewell Park TAS Mersey‐Lyell Burnie 234.5 H $193 $834 $151,510 $136,359 ‐$25 ‐$164 ‐$69 ‐$222Mowbray TAS Northern Launceston 164.9 H $260 $1,127 $206,908 $186,217 ‐$22 ‐$211 ‐$82 ‐$290Montello TAS Mersey‐Lyell Burnie 234.9 H $240 $1,040 $191,615 $172,454 ‐$17 ‐$192 ‐$73 ‐$265Mowbray TAS Northern Launceston 164.9 U $223 $964 $178,605 $160,745 ‐$11 ‐$174 ‐$63 ‐$242Claremont TAS Greater Hobart Glenorchy 13.3 H $288 $1,246 $231,425 $208,283 ‐$10 ‐$222 ‐$78 ‐$310Huonville TAS Southern Huon Valley 27.8 U $268 $1,159 $216,627 $194,964 ‐$3 ‐$201 ‐$66 ‐$283Claremont TAS Greater Hobart Glenorchy 13.3 U $230 $997 $186,220 $167,598 ‐$3 ‐$173 ‐$57 ‐$244



Monthly rental cost

Median value

Principal








Interest only

Gillen NT Northern Territory ‐ BaAlice Springs 1291.0 U $400 $1,733 $282,625 $254,363 ‐$225 ‐$483 ‐$307 ‐$591The Gap NT Northern Territory ‐ BaAlice Springs 1291.5 U $398 $1,723 $291,849 $262,664 ‐$165 ‐$431 ‐$249 ‐$543Sadadeen NT Northern Territory ‐ BaAlice Springs 1291.0 H $520 $2,253 $401,770 $361,593 ‐$109 ‐$476 ‐$225 ‐$629Larapinta NT Northern Territory ‐ BaAlice Springs 1287.0 U $390 $1,690 $304,988 $274,489 ‐$62 ‐$340 ‐$150 ‐$457Sadadeen NT Northern Territory ‐ BaAlice Springs 1291.0 U $395 $1,712 $311,298 $280,168 ‐$50 ‐$334 ‐$140 ‐$453Araluen NT Northern Territory ‐ BaAlice Springs 1289.3 U $420 $1,820 $335,236 $301,712 ‐$30 ‐$337 ‐$128 ‐$465Katherine NT Northern Territory ‐ BaKatherine 269.9 H $420 $1,820 $338,185 $304,367 ‐$15 ‐$324 ‐$113 ‐$453Desert Springs NT Northern Territory ‐ BaAlice Springs 1291.7 U $463 $2,004 $373,585 $336,227 ‐$10 ‐$351 ‐$118 ‐$494Tiwi NT Darwin Darwin 11.9 U $450 $1,950 $363,966 $327,569 ‐$7 ‐$339 ‐$113 ‐$479Moulden NT Darwin Palmerston 15.1 U $390 $1,690 $316,007 $284,406 ‐$3 ‐$292 ‐$95 ‐$413The Gap NT Northern Territory ‐ BaAlice Springs 1291.5 H $465 $2,015 $377,384 $339,646 $0 ‐$345 ‐$110 ‐$489



Monthly rental cost

Median value

Principal






Interest only

Canberra City ACT Canberra Unincorporated ACT 0.3 U $590 $2,557 $435,591 $392,032 ‐$231 ‐$629 ‐$358 ‐$796Macquarie ACT Canberra Unincorporated ACT 6.7 U $450 $1,950 $335,919 $302,327 ‐$157 ‐$464 ‐$254 ‐$592Franklin ACT Canberra Unincorporated ACT 9.6 U $420 $1,820 $322,688 $290,419 ‐$97 ‐$392 ‐$191 ‐$516



Monthly rental cost

Median value

Principal


TasmaniaSee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs

Australian Capital TerritorySee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs

Northern TerritorySee accompanying spread sheet ‘RP Data Buy v Rent analysis Oct 2012.xlsx’ for buy versus rent analysis on all suburbs



Statistical division maps


New South Wales

Victoria


Queensland

South Australia


Western Australia

Tasmania


Northern Territory

Australian Capital Territory


About RP Data

Established in 1991, RP Data is the leading supplier of commercial and residential propertyinformation services throughout Australia and New Zealand. Subscription clients to RP Data’s propertyinformation service include over 10,000 real estate agents, valuers, property developers, financialinstitutions and government departments. RP Data is also the largest supplier of electronic valuationsand consumer property reports in Australia generating over 30 million electronic valuations everymonth.

Our recent acquisitions of the Valex Group (made up of Valuation Exchange and Megaw & HoggNational Valuers) and Sandstone’s VMS division has allowed us to expand this role further. Bycombining our leading databases and analytics with existing property valuation managementprocesses, platforms and a leading valuation firm, we’re able to develop more efficient valuationsolutions while reducing the risks associated with mortgage lending.

The name RP Data is synonymous with the property and commercial markets. We have forged astrong reputation as leaders in the provision of comprehensive ‘real‐time’ data that has proven to cutcosts, increase productivity and deliver a real and rapid return on investment.

Used by thousands of corporations and consumers seeking property information, RP Data is proud toboast the Reserve Bank of Australia as one of our key customers along with many multi‐nationalcorporations, financial institutions, real estate professionals, developers, investors and more recently,the broader consumer market through our user‐friendly consumer brand – myrpdata.com

Through our five‐star property information services, we are able to ensure that the quality of our dataand extended information services give our customers the confidence to make sound and wellresearched decisions about property.

As the pioneers of online property information, we are at the forefront of innovation throughcontinual investment in emerging state‐of‐the‐art technologies which are user‐friendly and cost‐effective for customers at all levels.

Our key value to our clients lies in the delivery of vast and accurate property information andanalytics. Whether our clients need to increase listings to sell more, manage their risk portfolioeffectively, market to current and future clients who are transacting in property, or simply streamlinethe way they do business, RP Data has the solution.

It's not just data, it's RP Data.


Disclaimers

Disclaimers

Queensland Data© The State of Queensland (Department of Environment and Resource Management) 2012. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2012)]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason.

South Australian DataThis information is based on data supplied by the South Australian Government and is published by permission. The South Australian Government does not accept any responsibility for the accuracy or completeness of the published information or suitability for any purpose of the published information or the underlying data.

New South Wales DataContains property sales information provided under licence from the Land and Property Information (“LPI”). RP Data is authorised as a Property Sales Information provider by the LPI.

Victorian DataTo the extent that this report has been developed using information owned by the State of Victoria, the State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the information contained in this report and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

Western Australian DataBased on information provided by and with the permission of the Western Australian Land Information Authority (2012) trading as Landgate.

Australian Capital Territory DataThe Territory Data is the property of the Australian Capital Territory. No part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission. Enquiries should be directed to: Director, Customer Services ACT Planning and Land Authority GPO Box 1908 Canberra ACT 2601.

Tasmanian DataThis product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents:a) give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; andb) do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon

the data.

Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au


Date post:	30-May-2020
Category:	Documents
Upload:	others
View:	2 times
Download:	0 times

RP Data Buy vs. Rentmedia2.apnonline.com.au/img/media/pdf/RP_Data_Buy... · Servicing an interest...

Documents