Houses are Now Cheaper to Buy Than Rent in Parts of Central Vic
Get a house AND your smashed avo
Houses are becoming so affordable in some parts of Central Victoria that it's becoming cheaper to buy than rent.
A recent report by ANZ has found that in Elmore a mortgage will chew up 20 per cent of your weekly income while the average rent will chew up 27 per cent.
Although it's still a long way to go before we can own a house and have smashed avocado each day for breakfast, it's a step in the right direction for housing affordability.