{"id":798579,"date":"2026-07-14T00:01:09","date_gmt":"2026-07-14T00:01:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/798579\/"},"modified":"2026-07-14T00:01:09","modified_gmt":"2026-07-14T00:01:09","slug":"renting-cheaper-than-buying-in-most-australian-capital-cities","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/798579\/","title":{"rendered":"Renting cheaper than buying in most Australian capital cities"},"content":{"rendered":"<p>Hobart&#8217;s median house price of $779,000 results in estimated monthly repayments of approximately $3,736, compared with a median monthly rent of around $2,726 \u2014 a gap of about 37%. The relatively narrow difference between repayments and rent may be of interest to buyers considering entry into a capital city market at a lower price point than mainland counterparts.<\/p>\n<p>Darwin is the only capital city where the cost gap between buying and renting is minimal. With a median house price of $709,000 and estimated monthly repayments of approximately $3,405, Darwin buyers pay just 5% more per month than renters, who pay a median of $3,259.<\/p>\n<p>Australian capital cities\u2019 unit price-to-rent ratio ranking\u00a0<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/0376_639195288523482371.png\" style=\"width: 100%; height: 100%;\"\/>\u00a0Median unit price data: Cotality quarterly rental review, April 2025<\/p>\n<p>The unit market presents a different affordability picture. Brisbane ranks as the least affordable city for unit buyers, with mortgage repayments around 43% higher than rent. Based on a median unit price of $844,844, buyers would face monthly repayments of approximately $4,052, compared with an average unit rent of $2,843.<\/p>\n<p>Adelaide and Sydney unit buyers also face higher repayments than renters, at around 34% and 30% respectively. Melbourne and Perth see smaller gaps of 17% and 15%, while Canberra&#8217;s gap is approximately 10%, with monthly repayments of $2,870 against rent of $2,617. Darwin remains the standout for unit affordability, with mortgage repayments averaging $2,124 against a median monthly rent of $2,648 \u2014 a gap of roughly 20%.<\/p>\n","protected":false},"excerpt":{"rendered":"Hobart&#8217;s median house price of $779,000 results in estimated monthly repayments of approximately $3,736, compared with a median&hellip;\n","protected":false},"author":2,"featured_media":798580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,13810,53976,44,11135],"class_list":["post-798579","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-buying","tag-capital-cities","tag-news","tag-renting"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/798579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=798579"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/798579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/798580"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=798579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=798579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=798579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}