RP Data Buy vs. Rentimages.smh.com.au/file/2012/11/05/3770961/buy%20v%20rent.pdf · Variable interest rate (5.9%) 3 year fixed interest rate (5.39%) What if you were willing to spend

RP Data Buy vs. Rent Summary 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

http://www.myrp.com.au/buyorrent

Summary of results With 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 more than 210 basis points lower, many renters and prospective home buyers are likely to be doing their sums to work 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 region comparison on the costs involved with servicing a mortgage and the costs of renting, based on median house and unit values and median asking rents across each suburb around the country. Please note this analysis does not take into account a number of property acquisition costs or other ongoing costs associated with owning a property (described in more detail later in this report), nor does the analysis take into account the potential capital gains or loss over time.

Across the nation, RP Data analysed four different scenarios with regards to the costs associated with servicing a mortgage. The different scenarios resulted in a broad range of suburbs where it is currently cheaper to buy than rent: 1. Servicing a principal and interest loan on a variable mortgage 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 fixed mortgage rate: 674 suburbs 4. 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

Region

Principal &

interest Interest only

Principal &


New South Wales 88 581 186 899

Sydney 41 254 85 438

Regional NSW 47 327 101 461

Victoria 17 194 36 351

Melbourne 3 48 5 133

Regional Vic 14 146 31 218

Queensland 147 632 241 866

Brisbane 42 229 78 342

Regional Qld 105 403 163 524

South Australia 48 214 82 348

Adelaide 31 163 55 281

Regional SA 17 51 27 67

Western Australia 44 136 51 225

Perth 6 74 10 144

Regional WA 38 62 41 81

Tasmania 30 124 49 166

Hobart 14 56 23 72

Regional Tas 16 68 26 94

Northern Territory 11 54 24 72

Darwin 2 35 9 53

Regional NT 9 19 15 19

Canberra 3 40 5 64

National 388 1,975 674 2,991

Combined capitals 142 899 270 1,527

Combined 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 only

Oct-12 388 1,975 674 2,991

Aug-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 rent October ‘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 assumptions

The 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 options that are available when contemplating purchasing a property and taking on a mortgage. It also highlights the differences 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 capital appreciation or transaction or other costs associated with either home ownership or renting which may include but are not limited to: 1. Maintenance 2. Council rates 3. Electricity 4. Water and sewerage 5. Land tax 6. Body corporate levies 7. Stamp duty 8. Legal and conveyancing fees We would encourage readers to undertake their own research to understand what additional costs may be associated 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 risks associated with the non-repayment of the loan principal during the interest only period. Availability and eligibility for interest only loans may be limited compared with mortgages based on interest and principal repayments.

RP Data Disclaimer In 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 deemed reliable at the time of publication, it does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to RP Data for the supply of such information.



Over the month of September, dwelling values rose by 1.4 per cent across Australia’s eight capital cities, the largest month-on-month capital gain since March 2010. Capital city dwelling values were up 2 per cent over the quarter, while over the first nine months of the year dwelling values increased by 0.8 per cent. Based on the recent results, the end of May 2012 seems to have marked the trough in the property cycle, with capital city dwelling values remaining in the black over 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 cash rate by 75 basis points over May and June of this year, and a further 25 basis points in October, taking the official cash rate to 3.25 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, early data for October suggests that the recovery remains delicately balanced. The month of October is likely to see capital city homes values slip backwards, highlighting that market conditions remain reasonably soft, and buyers remain in the driver’s seat.

-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 2012 Market conditions vary from city to city and region to region. At a capital city level, there have been some substantial corrections to home values since their respective peaks. Darwin values, despite showing a recent bounce upwards, remain almost 13 per cent lower than when they peaked. Brisbane and Hobart values are still almost 11 per cent lower than their peak, while Perth and Melbourne values remain around 7 per cent lower.

The Sydney and Canberra markets have been much more resilient to depreciating home values, falling by just 1.3 per cent and 3.1 per cent from their respective peaks.

Although dwelling values are now lower, weekly rents have generally been rising consistently across the capital cities. Over the past twelve months, capital city rents have increased by 4.2 per cent for houses and 2.9 per cent for units. The combination of lower dwelling values and higher rental rates has pushed rental yields higher, improving the gross yield for property investors.

With both dwelling values and mortgage interest rates now lower, the improvements to housing affordability have been substantial. Prospective buyers have a lower priced entry point to the market and the cost of their debt is substantially lower.

$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

We

ekl

y re

nt

Gro

ss r

en

tal

yie

ld

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 payment scenarios are detailed below:

1. Servicing a principal and interest loan on a variable mortgage 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 fixed mortgage rate: 674 suburbs

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

With lower mortgage rates and a further reduction in the median house and unit value across some regions, in conjunction with higher rental rates, there has been a significant uplift in the number of suburbs where monthly mortgage payments are lower than rental payments. Based on a discounted variable rate of 5.9 per cent with principal and interest payments, there has been a 63 per cent uplift since August 2012 in the number of suburbs nationally, where servicing a mortgage is more affordable than renting.

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

Number of suburbs cheaper to buy than rent across Australian regions


Statistical Division

Principal &


Principal &


Canberra, ACT 3 40 5 64

Central West, NSW 2 21 5 25

Far West, NSW 1 1 1 1

Hunter, NSW 13 109 31 160

Illawarra, NSW 2 48 11 77

Mid-North Coast, NSW 3 30 10 38

Murray, NSW 6 23 9 27

Murrumbidgee, NSW 7 22 11 28

North Western, NSW 3 8 5 9

Northern, NSW 5 22 10 26

Richmond-Tweed, NSW 2 24 3 40

South Eastern, NSW 3 19 5 30

Sydney, NSW 41 254 85 438

New South Wales 88 581 186 899

Darwin, NT 2 35 9 53

Northern Territory - Bal, NT 9 19 15 19


Brisbane, QLD 42 229 78 342

Central West, QLD 0 2 0 2

Darling Downs, QLD 6 35 12 54

Far North, QLD 22 65 30 74

Fitzroy, QLD 16 52 30 62

Gold Coast, QLD 11 56 17 78

Mackay, QLD 17 47 24 49

North West, QLD 9 9 9 9

Northern, QLD 14 46 20 59

South West, QLD 2 3 3 3

Sunshine Coast, QLD 5 35 8 53

West Moreton, QLD 2 12 3 25

Wide Bay-Burnett, QLD 1 41 7 56

Queensland 147 632 241 866

Adelaide, SA 31 163 55 281

Eyre, SA 0 2 1 4

Murray Lands, SA 2 11 6 12

Northern, SA 14 25 16 25

Outer Adelaide, SA 0 4 1 12

South East, SA 0 5 2 5

Yorke and Lower North, SA 1 4 1 9


Greater Hobart, TAS 14 56 23 72

Mersey-Lyell, TAS 8 28 13 39

Northern, TAS 7 38 12 52

Southern, TAS 1 2 1 3

Tasmania 30 124 49 166

Barwon, VIC 1 28 3 39

Central Highlands, VIC 2 22 5 34

East Gippsland, VIC 0 9 1 14

Gippsland, VIC 0 10 2 27

Goulburn, VIC 0 20 2 31

Loddon, VIC 1 19 3 32

Mallee, VIC 5 8 5 9

Melbourne, VIC 3 48 5 133

Ovens-Murray, VIC 0 12 2 13

Western District, VIC 1 12 3 13

Wimmera, VIC 4 6 5 6

Victoria 17 194 36 351

Central, WA 1 5 2 8

Kimberley, WA 5 9 6 9

Lower Great Southern, WA 0 2 0 5

Midlands, WA 2 3 2 4

Perth, WA 6 74 10 144

Pilbara, WA 11 11 11 11

South Eastern, WA 16 17 16 17

South West, WA 3 14 4 26

Upper Great Southern, WA 0 1 0 1


National 388 1,975 674 2,991


Principal & interest Interest only Principal & interest Interest only

Oct-12 388 1,975 674 2,991

Aug-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 rent October ‘12 results versus August ‘12 results

The largest number of suburbs, where paying a mortgage is currently more affordable than renting, can be found within the Brisbane region. Across the Greater Brisbane region, based on servicing a principal and interest mortgage on a variable interest rate, there are now 42 suburbs where paying a home loan is more affordable than paying a landlord. Sydney is not far behind (41 suburbs), followed by Adelaide (31 suburbs).

Of the major capitals, Melbourne is showing the smallest number of suburbs where buying is the more affordable option compared with renting, with only 3 suburbs. The low number of suburbs where it is cheaper to buy than rent can be attributed to the strong run of capital gains that has been recorded across Melbourne, together with relatively flat rental markets over recent times.

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




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.

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.

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 Division

Principal &


Principal &


Canberra, ACT 14 63 28 82

Central West, NSW 16 25 21 25

Far West, NSW 1 1 1 1

Hunter, NSW 68 167 101 187

Illawarra, NSW 35 83 49 103

Mid-North Coast, NSW 23 48 30 60

Murray, NSW 20 30 24 32

Murrumbidgee, NSW 21 31 24 31

North Western, NSW 9 9 9 9

Northern, NSW 19 27 23 27

Richmond-Tweed, NSW 13 42 24 56

South Eastern, NSW 15 32 22 41

Sydney, NSW 150 448 220 616

New South Wales 390 943 548 1,188

Darwin, NT 15 49 25 58

Northern Territory - Bal, NT 17 19 18 19


Brisbane, QLD 158 360 216 424

Central West, QLD 2 2 2 2

Darling Downs, QLD 29 56 41 59

Far North, QLD 48 75 66 84

Fitzroy, QLD 44 62 50 63

Gold Coast, QLD 31 80 48 92

Mackay, QLD 39 50 45 51

North West, QLD 9 9 9 9

Northern, QLD 38 63 45 69

South West, QLD 3 3 3 3

Sunshine Coast, QLD 19 62 28 79

West Moreton, QLD 9 29 15 30

Wide Bay-Burnett, QLD 34 65 47 74

Queensland 463 916 615 1,039

Adelaide, SA 125 326 183 405

Eyre, SA 1 6 3 6

Murray Lands, SA 11 12 11 12

Northern, SA 25 25 25 25

Outer Adelaide, SA 4 23 7 31

South East, SA 6 8 6 9

Yorke and Lower North, SA 4 10 7 12


Greater Hobart, TAS 48 81 56 91

Mersey-Lyell, TAS 25 45 35 45

Northern, TAS 33 60 47 65

Southern, TAS 2 5 2 6

Tasmania 108 191 140 207

Barwon, VIC 22 46 30 54

Central Highlands, VIC 20 40 25 48

East Gippsland, VIC 8 18 11 19

Gippsland, VIC 10 34 20 37

Goulburn, VIC 19 35 27 35

Loddon, VIC 18 37 26 45

Mallee, VIC 9 9 9 9

Melbourne, VIC 22 190 57 318

Ovens-Murray, VIC 10 15 13 17

Western District, VIC 11 14 13 15

Wimmera, VIC 6 7 6 7

Victoria 155 445 237 604

Central, WA 3 11 6 16

Kimberley, WA 6 9 8 9

Lower Great Southern, WA 2 6 5 12

Midlands, WA 3 4 3 4

Perth, WA 28 155 63 225

Pilbara, WA 11 11 11 11

South Eastern, WA 17 17 17 20

South West, WA 10 36 14 50

Upper Great Southern, WA 1 1 1 1


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

Region

Principal &


Principal &


Cheaper to buy than rent 88 581 186 899

$50/week extra 302 362 362 289

New South Wales 390 943 548 1,188


$50/week extra 138 251 201 253

Victoria 155 445 237 604


$50/week extra 316 284 374 173

Queensland 463 916 615 1,039


$50/week extra 128 196 160 152



$50/week extra 37 114 77 123



$50/week extra 78 67 91 41

Tasmania 108 191 140 207


$50/week extra 21 14 19 5



$50/week extra 11 23 23 18

Canberra 14 63 28 82


$50/week extra 1,031 1,311 1,307 1,054

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





State by State Tables Suburbs 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 Wales See 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 area

Distance from

closest capital city

CBD (km)

TypePrincipal &

interestInterest only

Principal &


Thurgoona NSW Murray Albury 211.4 U $235 $1,018 $93,052 $83,747 -$522 -$607 -$549 -$642

Boggabri NSW Northern Narrabri 368.4 H $350 $1,517 $192,309 $173,078 -$490 -$666 -$546 -$739

Enmore NSW Sydney Marrickville 5.7 U $450 $1,950 $284,410 $255,969 -$432 -$691 -$514 -$800

Muswellbrook NSW Hunter Muswellbrook 174.5 U $340 $1,473 $199,761 $179,785 -$407 -$589 -$465 -$666

Fern Bay NSW Hunter Port Stephens 124.3 H $520 $2,253 $361,242 $325,118 -$325 -$655 -$430 -$793

Berkeley Vale NSW Sydney Wyong 61.2 U $330 $1,430 $207,177 $186,459 -$324 -$513 -$384 -$592

Cobar NSW North Western Cobar 523.6 H $305 $1,322 $206,325 $185,693 -$220 -$409 -$280 -$488

Dural NSW Sydney Hornsby 24.4 U $510 $2,210 $373,738 $336,364 -$215 -$556 -$323 -$699

North Batemans Bay NSW South Eastern Eurobodalla 106.6 U $305 $1,322 $207,835 $187,052 -$212 -$402 -$272 -$481

Rushcutters Bay NSW Sydney Sydney 2.9 U $498 $2,156 $366,783 $330,105 -$198 -$533 -$304 -$673

Ambarvale NSW Sydney Campbelltown 45.7 U $310 $1,343 $220,645 $198,581 -$165 -$367 -$229 -$451

Plumpton NSW Sydney Blacktown 35.9 U $390 $1,690 $286,185 $257,567 -$162 -$424 -$245 -$533

The Rocks NSW Sydney Sydney 0.4 U $1,025 $4,442 $802,066 $721,859 -$160 -$893 -$393 -$1,199

Singleton Heights NSW Hunter Singleton 146.5 U $310 $1,343 $222,083 $199,875 -$158 -$361 -$222 -$446

Lake Albert NSW Murrumbidgee Wagga Wagga 158.2 U $275 $1,192 $195,684 $176,116 -$147 -$326 -$204 -$401

Windale NSW Hunter Lake Macquarie 106.0 H $320 $1,387 $234,908 $211,417 -$133 -$347 -$201 -$437

Wentworth NSW Murray Wentworth 340.6 H $225 $975 $158,009 $142,208 -$132 -$276 -$177 -$336

Watanobbi NSW Sydney Wyong 68.7 U $350 $1,517 $260,293 $234,264 -$127 -$365 -$203 -$464

Bolton Point NSW Hunter Lake Macquarie 103.0 H $360 $1,560 $269,777 $242,799 -$120 -$366 -$198 -$469

Mardi NSW Sydney Wyong 65.4 U $320 $1,387 $237,734 $213,961 -$118 -$335 -$187 -$426

Hunterview NSW Hunter Singleton 146.6 U $450 $1,950 $343,696 $309,326 -$115 -$429 -$215 -$561

Casino NSW Richmond-Tweed Richmond Valley 154.0 U $260 $1,127 $190,189 $171,170 -$111 -$285 -$167 -$358

Campbelltown NSW Sydney Campbelltown 42.2 U $350 $1,517 $263,557 $237,201 -$110 -$350 -$186 -$451

North Albury NSW Murray Albury 215.9 U $175 $758 $121,645 $109,481 -$109 -$220 -$144 -$267

Tregear NSW Sydney Blacktown 40.0 H $318 $1,376 $237,640 $213,876 -$107 -$324 -$176 -$415

Nowra NSW Illawarra Shoalhaven 126.3 U $200 $867 $143,153 $128,838 -$102 -$233 -$144 -$288

Raymond Terrace NSW Hunter Port Stephens 133.3 U $270 $1,170 $200,164 $180,148 -$101 -$284 -$160 -$361

Mount Hutton NSW Hunter Lake Macquarie 106.9 U $420 $1,820 $321,948 $289,753 -$101 -$395 -$195 -$519

Oxley Park NSW Sydney Penrith 39.0 U $370 $1,603 $282,447 $254,202 -$96 -$354 -$177 -$462

Junee NSW Murrumbidgee Junee 148.5 H $230 $997 $170,370 $153,333 -$87 -$243 -$137 -$308

Ashmont NSW Murrumbidgee Wagga Wagga 164.1 U $200 $867 $146,116 $131,504 -$87 -$220 -$129 -$276

Broken Hill NSW Far West Unincorporated NSW 400.4 H $200 $867 $147,145 $132,431 -$81 -$216 -$124 -$272

Woodberry NSW Hunter Maitland 126.4 H $320 $1,387 $244,803 $220,323 -$80 -$303 -$151 -$397

Fairfield NSW Sydney Fairfield 23.4 U $340 $1,473 $261,079 $234,971 -$80 -$318 -$155 -$418

Wellington NSW North Western Wellington 253.4 H $185 $802 $135,520 $121,968 -$78 -$202 -$118 -$254

Haymarket NSW Sydney Sydney 2.6 U $750 $3,250 $594,995 $535,496 -$74 -$617 -$246 -$845

Macquarie Fields NSW Sydney Campbelltown 32.4 U $310 $1,343 $237,874 $214,087 -$74 -$291 -$143 -$382

Emerton NSW Sydney Blacktown 39.0 H $330 $1,430 $254,286 $228,857 -$73 -$305 -$146 -$402

Leumeah NSW Sydney Campbelltown 40.1 U $290 $1,257 $222,189 $199,970 -$71 -$273 -$135 -$358

Tolland NSW Murrumbidgee Wagga Wagga 162.0 U $185 $802 $137,066 $123,359 -$70 -$195 -$110 -$248

Mannering Park NSW Sydney Wyong 83.2 H $320 $1,387 $246,799 $222,119 -$69 -$295 -$141 -$389

Gillieston Heights NSW Hunter Maitland 125.4 H $450 $1,950 $352,851 $317,566 -$66 -$389 -$169 -$524

Tuggerah NSW Sydney Wyong 64.6 U $335 $1,452 $259,620 $233,658 -$66 -$303 -$141 -$402

North Gosford NSW Sydney Gosford 50.8 U $350 $1,517 $272,040 $244,836 -$64 -$313 -$143 -$417

Werris Creek NSW Northern Liverpool Plains 286.8 H $180 $780 $134,058 $120,652 -$64 -$187 -$103 -$238

Minto NSW Sydney Campbelltown 38.0 U $300 $1,300 $231,679 $208,511 -$63 -$275 -$130 -$363

Bradbury NSW Sydney Campbelltown 43.6 U $295 $1,278 $227,969 $205,172 -$61 -$270 -$128 -$357

Buronga NSW Murray Wentworth 339.5 H $235 $1,018 $179,622 $161,660 -$59 -$224 -$112 -$292

Mount Druitt NSW Sydney Blacktown 37.4 U $320 $1,387 $249,076 $224,168 -$57 -$285 -$129 -$380

Concord West NSW Sydney Canada Bay 10.6 U $480 $2,080 $379,193 $341,274 -$56 -$402 -$166 -$547

Willmot NSW Sydney Blacktown 40.9 H $300 $1,300 $233,091 $209,782 -$56 -$269 -$123 -$358

Warwick Farm NSW Sydney Liverpool 25.6 U $290 $1,257 $225,002 $202,502 -$56 -$261 -$121 -$347

Ourimbah NSW Sydney Wyong 61.4 U $330 $1,430 $257,569 $231,812 -$55 -$290 -$130 -$389

Lethbridge Park NSW Sydney Blacktown 39.6 H $310 $1,343 $241,889 $217,700 -$52 -$273 -$122 -$365

Blackett NSW Sydney Blacktown 38.3 H $310 $1,343 $241,985 $217,787 -$52 -$273 -$122 -$365

Brownsville NSW Illawarra Wollongong 78.2 U $250 $1,083 $193,295 $173,966 -$51 -$228 -$108 -$302

Charmhaven NSW Sydney Wyong 75.2 H $340 $1,473 $267,787 $241,008 -$44 -$288 -$122 -$391

Elermore Vale NSW Hunter Newcastle 113.0 U $320 $1,387 $252,563 $227,307 -$38 -$269 -$112 -$366

Singleton NSW Hunter Singleton 143.3 U $330 $1,430 $260,787 $234,708 -$38 -$276 -$114 -$376

Deniliquin NSW Murray Murray 252.4 H $220 $953 $171,553 $154,398 -$38 -$194 -$87 -$260

Werrington NSW Sydney Penrith 43.3 U $313 $1,354 $247,245 $222,521 -$34 -$260 -$106 -$355

Tweed Heads West NSW Richmond-Tweed Tweed 92.0 U $260 $1,127 $204,979 $184,481 -$32 -$220 -$92 -$298

South Tamworth NSW Northern Tamworth Regional 306.5 H $280 $1,213 $221,223 $199,101 -$32 -$234 -$97 -$319

Whalan NSW Sydney Blacktown 38.7 H $323 $1,398 $255,814 $230,233 -$32 -$266 -$106 -$363

Picton NSW Sydney Wollondilly 65.9 U $290 $1,257 $229,458 $206,512 -$32 -$241 -$98 -$329

Dubbo NSW North Western Dubbo 301.0 U $220 $953 $172,910 $155,619 -$30 -$188 -$80 -$254

Rosehill NSW Sydney Parramatta 16.3 U $390 $1,690 $310,993 $279,894 -$30 -$314 -$120 -$433

Jindabyne NSW South Eastern Snowy River 136.4 U $265 $1,148 $209,530 $188,577 -$30 -$221 -$91 -$301

North Tamworth NSW Northern Tamworth Regional 311.8 U $270 $1,170 $213,860 $192,474 -$28 -$224 -$90 -$305

South Grafton NSW Mid-North Coast Clarence Valley 251.0 H $260 $1,127 $206,073 $185,466 -$27 -$215 -$86 -$294

Watanobbi NSW Sydney Wyong 68.7 H $350 $1,517 $279,316 $251,384 -$26 -$281 -$107 -$388

Salamander Bay NSW Hunter Port Stephens 150.1 U $345 $1,495 $275,287 $247,758 -$25 -$277 -$105 -$382

Wyong NSW Sydney Wyong 67.7 U $300 $1,300 $238,841 $214,957 -$25 -$243 -$94 -$334

West Kempsey NSW Mid-North Coast Kempsey 346.5 H $250 $1,083 $199,362 $179,426 -$19 -$201 -$77 -$277

Lavington NSW Murray Albury 214.7 U $190 $823 $150,791 $135,712 -$18 -$156 -$62 -$214

Cowra NSW Central West Cowra 165.6 U $168 $726 $132,553 $119,298 -$18 -$139 -$57 -$190

Cootamundra NSW Murrumbidgee Cootamundra 123.1 H $240 $1,040 $192,018 $172,816 -$15 -$190 -$71 -$264

Tumut NSW Murrumbidgee Tumut Shire 81.9 U $200 $867 $159,964 $143,968 -$13 -$159 -$59 -$220

Shalvey NSW Sydney Blacktown 39.5 H $320 $1,387 $258,014 $232,213 -$9 -$245 -$84 -$344

St Marys NSW Sydney Penrith 41.7 U $340 $1,473 $274,252 $246,827 -$9 -$260 -$89 -$365

Wyoming NSW Sydney Gosford 52.4 U $325 $1,408 $262,673 $236,406 -$6 -$246 -$82 -$346

Cooma NSW South Eastern Cooma-Monaro 107.3 H $250 $1,083 $201,854 $181,669 -$6 -$190 -$64 -$267

Kempsey NSW Mid-North Coast Kempsey 348.7 H $255 $1,105 $205,999 $185,399 -$5 -$193 -$65 -$272

Toukley NSW Sydney Wyong 73.7 U $290 $1,257 $234,624 $211,162 -$4 -$218 -$72 -$308

Leeton NSW Murrumbidgee Leeton 264.4 U $173 $748 $139,349 $125,414 -$4 -$131 -$44 -$184

Kandos NSW Central West Mid-Western Regional 159.3 H $200 $867 $161,833 $145,650 -$3 -$151 -$50 -$212

Liverpool NSW Sydney Liverpool 27.5 U $320 $1,387 $259,413 $233,472 -$2 -$239 -$77 -$338

East 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

valuePrincipal

Variable interest rate (5.9%)



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



Distance from


CBD (km)

TypePrincipal &


Principal &


Docklands VIC Melbourne Melbourne 1.7 H $963 $4,171 $493,185 $443,867 -$1,538 -$1,988 -$1,681 -$2,177

Carlton VIC Melbourne Melbourne 2.0 U $373 $1,614 $243,074 $218,767 -$317 -$539 -$387 -$632

Abbotsford VIC Melbourne Yarra 4.3 U $475 $2,058 $360,868 $324,781 -$132 -$461 -$237 -$600

Dimboola VIC Wimmera Hindmarsh 303.1 H $160 $693 $107,470 $96,723 -$120 -$218 -$151 -$259

Warracknabeal VIC Wimmera Yarriambiack 286.0 H $155 $672 $105,864 $95,278 -$107 -$203 -$137 -$244

California Gully VIC Loddon Greater Bendigo 135.9 U $230 $997 $169,615 $152,654 -$91 -$246 -$140 -$311

Red Cliffs VIC Mallee Mildura 340.6 H $215 $932 $157,818 $142,036 -$89 -$233 -$135 -$294

Irymple VIC Mallee Mildura 335.3 H $270 $1,170 $202,516 $182,264 -$89 -$274 -$148 -$351

Mildura VIC Mallee Mildura 333.3 U $190 $823 $144,303 $129,873 -$53 -$185 -$95 -$240

Merbein VIC Mallee Mildura 327.4 H $200 $867 $152,548 $137,293 -$52 -$192 -$97 -$250

Dennington VIC Western District Moyne 229.1 H $370 $1,603 $294,141 $264,727 -$33 -$302 -$118 -$414

Ararat VIC Central Highlands Ararat 184.8 H $225 $975 $176,575 $158,918 -$32 -$194 -$84 -$261

Mildura VIC Mallee Mildura 333.3 H $245 $1,062 $193,398 $174,058 -$29 -$206 -$85 -$280

Corio VIC Barwon Greater Geelong 58.0 U $240 $1,040 $189,544 $170,590 -$28 -$201 -$83 -$274

Murtoa VIC Wimmera Yarriambiack 257.9 H $150 $650 $116,553 $104,898 -$28 -$134 -$62 -$179

Soldiers Hill VIC Central Highlands Ballarat 101.2 U $213 $921 $171,082 $153,974 -$8 -$164 -$57 -$229

Stawell VIC Wimmera Northern Grampians 212.3 H $210 $910 $169,912 $152,921 -$3 -$158 -$52 -$223


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal







Distance from


CBD (km)

TypePrincipal &


Principal &


Moranbah QLD Mackay Isaac 805.1 H $1,500 $6,500 $682,060 $613,854 -$2,859 -$3,482 -$3,057 -$3,743

Blackwater QLD Fitzroy Central Highlands 615.8 H $900 $3,900 $442,933 $398,640 -$1,536 -$1,940 -$1,664 -$2,109

Dysart QLD Mackay Isaac 725.5 H $980 $4,247 $560,729 $504,656 -$1,253 -$1,765 -$1,416 -$1,980

Miles QLD Darling Downs Dalby 297.0 H $650 $2,817 $301,297 $271,167 -$1,208 -$1,483 -$1,296 -$1,599

Kunda Park QLD Sunshine Coast Sunshine Coast 90.1 U $645 $2,795 $353,355 $318,020 -$909 -$1,231 -$1,011 -$1,367

Emerald QLD Fitzroy Central Highlands 654.6 U $545 $2,362 $293,660 $264,294 -$794 -$1,062 -$879 -$1,175

Wandoan QLD Darling Downs Dalby 344.1 H $600 $2,600 $353,923 $318,531 -$711 -$1,034 -$813 -$1,169

Capella QLD Fitzroy Central Highlands 700.7 H $600 $2,600 $371,060 $333,954 -$619 -$958 -$727 -$1,100

Roma QLD South West Roma 430.5 H $550 $2,383 $331,577 $298,419 -$613 -$916 -$709 -$1,043

Chinchilla QLD Darling Downs Dalby 250.8 U $490 $2,123 $283,797 $255,417 -$608 -$868 -$691 -$976

Minyama QLD Sunshine Coast Sunshine Coast 86.7 U $445 $1,928 $253,972 $228,575 -$573 -$805 -$646 -$902

Mackay Harbour QLD Mackay Mackay 805.3 U $845 $3,662 $580,086 $522,077 -$565 -$1,095 -$733 -$1,317

Scottville QLD Mackay Whitsunday 932.1 H $435 $1,885 $247,447 $222,702 -$564 -$790 -$636 -$885

Parkside QLD North West Mount Isa 1301.4 H $530 $2,297 $325,139 $292,625 -$561 -$858 -$655 -$982

Sippy Downs QLD Sunshine Coast Sunshine Coast 83.1 U $370 $1,603 $196,669 $177,002 -$553 -$733 -$611 -$808

Sunset QLD North West Mount Isa 1301.4 H $545 $2,362 $347,024 $312,322 -$509 -$826 -$610 -$959

Collinsville QLD Mackay Whitsunday 932.9 H $450 $1,950 $270,264 $243,238 -$507 -$754 -$586 -$857

Kamerunga QLD Far North Cairns 1398.5 U $360 $1,560 $206,961 $186,265 -$455 -$644 -$515 -$723

Emerald QLD Fitzroy Central Highlands 654.6 H $650 $2,817 $444,720 $400,248 -$443 -$849 -$572 -$1,019

Soldiers Hill QLD North West Mount Isa 1299.2 H $530 $2,297 $349,726 $314,753 -$430 -$749 -$531 -$883

Blacks Beach QLD Mackay Mackay 811.6 U $480 $2,080 $312,307 $281,076 -$413 -$698 -$503 -$817

Pioneer QLD North West Mount Isa 1301.6 H $520 $2,253 $348,000 $313,200 -$396 -$713 -$497 -$847

Healy QLD North West Mount Isa 1303.1 H $585 $2,535 $400,969 $360,872 -$395 -$761 -$511 -$914

Townview QLD North West Mount Isa 1302.4 H $520 $2,253 $353,850 $318,465 -$364 -$688 -$467 -$823

Ooralea QLD Mackay Mackay 802.4 H $650 $2,817 $469,812 $422,831 -$309 -$738 -$445 -$917

East Mackay QLD Mackay Mackay 806.0 U $420 $1,820 $285,024 $256,522 -$298 -$559 -$381 -$668

Flinders View QLD Brisbane Ipswich 31.7 U $210 $910 $114,988 $103,489 -$296 -$401 -$330 -$445

Cloncurry QLD North West Cloncurry 1355.6 H $400 $1,733 $270,457 $243,411 -$290 -$537 -$368 -$640

Bakers Creek QLD Mackay Mackay 798.4 H $470 $2,037 $329,082 $296,174 -$280 -$580 -$375 -$706

Mornington QLD North West Mount Isa 1301.8 H $498 $2,156 $354,619 $319,157 -$263 -$587 -$366 -$722

Garbutt QLD Northern Townsville 1114.3 U $320 $1,387 $211,808 $190,627 -$256 -$449 -$317 -$530

Smithfield QLD Far North Cairns 1403.6 U $200 $867 $117,852 $106,067 -$238 -$345 -$272 -$390

Logan Central QLD Brisbane Logan 20.8 U $250 $1,083 $160,752 $144,677 -$225 -$372 -$272 -$433

South Gladstone QLD Fitzroy Gladstone 438.2 U $428 $1,853 $306,110 $275,499 -$218 -$498 -$307 -$615

Mount Lofty QLD Darling Downs Toowoomba 103.5 U $255 $1,105 $167,752 $150,977 -$210 -$363 -$258 -$427

Redlynch QLD Far North Cairns 1394.0 U $285 $1,235 $192,730 $173,457 -$206 -$382 -$262 -$456

Winston QLD North West Mount Isa 1300.1 H $480 $2,080 $351,248 $316,123 -$205 -$526 -$307 -$660

Parramatta Park QLD Far North Cairns 1390.2 U $265 $1,148 $177,381 $159,643 -$201 -$363 -$253 -$431

Brisbane City QLD Brisbane Brisbane 0.5 U $620 $2,687 $466,134 $419,521 -$198 -$624 -$334 -$802

Waterford QLD Brisbane Logan 28.7 U $310 $1,343 $217,239 $195,515 -$184 -$382 -$247 -$465

Bungalow QLD Far North Cairns 1389.3 U $210 $910 $137,272 $123,545 -$177 -$303 -$217 -$355

Hillcrest QLD Brisbane Logan 22.0 U $340 $1,473 $243,263 $218,937 -$175 -$397 -$245 -$490

Eimeo QLD Mackay Mackay 813.9 U $500 $2,167 $374,694 $337,225 -$166 -$509 -$275 -$652

Cairns City QLD Far North Cairns 1389.5 U $400 $1,733 $293,812 $264,431 -$165 -$433 -$250 -$546

Westcourt QLD Far North Cairns 1390.1 U $190 $823 $123,939 $111,545 -$162 -$275 -$198 -$322

Pimlico QLD Northern Townsville 1110.8 U $310 $1,343 $221,750 $199,575 -$160 -$362 -$224 -$447

Woodridge QLD Brisbane Logan 19.1 U $250 $1,083 $173,289 $155,960 -$158 -$317 -$209 -$383

Riverhills QLD Brisbane Brisbane 15.5 U $433 $1,874 $321,752 $289,577 -$157 -$450 -$250 -$573

Bellbird Park QLD Brisbane Ipswich 24.1 U $265 $1,148 $186,019 $167,417 -$155 -$325 -$209 -$396

Caboolture South QLD Brisbane Moreton Bay 42.7 U $278 $1,203 $196,892 $177,203 -$151 -$331 -$209 -$407

Bundamba QLD Brisbane Ipswich 26.2 U $243 $1,051 $168,838 $151,954 -$150 -$304 -$199 -$368

Depot Hill QLD Fitzroy Rockhampton 518.7 H $265 $1,148 $187,362 $168,626 -$148 -$319 -$202 -$391

Meadowbrook QLD Brisbane Logan 24.4 U $335 $1,452 $244,272 $219,845 -$148 -$371 -$219 -$464

Cardwell QLD Far North Cassowary Coast 1249.4 U $330 $1,430 $241,158 $217,042 -$143 -$363 -$213 -$455

Stratford QLD Far North Cairns 1396.1 U $285 $1,235 $204,763 $184,287 -$142 -$329 -$201 -$407

Earlville QLD Far North Cairns 1389.7 U $220 $953 $152,096 $136,886 -$141 -$280 -$186 -$338

Cranbrook QLD Northern Townsville 1110.7 U $288 $1,246 $207,813 $187,032 -$136 -$326 -$197 -$406

Manoora QLD Far North Cairns 1392.2 U $210 $910 $145,622 $131,060 -$133 -$266 -$175 -$321

Manunda QLD Far North Cairns 1391.5 U $200 $867 $138,413 $124,572 -$128 -$254 -$168 -$307

Edmonton QLD Far North Cairns 1382.9 U $200 $867 $138,555 $124,700 -$127 -$254 -$167 -$307

Barney Point QLD Fitzroy Gladstone 440.1 H $490 $2,123 $374,828 $337,345 -$122 -$465 -$231 -$608

Dolphin Heads QLD Mackay Mackay 814.2 U $480 $2,080 $366,974 $330,277 -$121 -$456 -$227 -$597

West Gladstone QLD Fitzroy Gladstone 439.6 U $450 $1,950 $343,831 $309,448 -$115 -$429 -$214 -$560

Loganlea QLD Brisbane Logan 24.9 U $280 $1,213 $205,957 $185,361 -$114 -$302 -$174 -$381

Kingston QLD Brisbane Logan 22.7 U $315 $1,365 $234,375 $210,938 -$114 -$328 -$182 -$418

Wynnum West QLD Brisbane Brisbane 12.5 U $380 $1,647 $287,309 $258,578 -$113 -$375 -$196 -$485

Highland Park QLD Gold Coast Gold Coast 67.4 U $330 $1,430 $247,906 $223,115 -$107 -$333 -$179 -$428

Andergrove QLD Mackay Mackay 809.1 U $420 $1,820 $321,036 $288,932 -$106 -$399 -$199 -$522

Goodna QLD Brisbane Ipswich 20.1 U $275 $1,192 $204,479 $184,031 -$100 -$287 -$159 -$365

Hyde Park QLD Northern Townsville 1110.5 U $280 $1,213 $208,727 $187,854 -$99 -$290 -$160 -$370

Charleville QLD South West Murweh 679.9 H $230 $997 $168,284 $151,456 -$98 -$252 -$147 -$316

Cairns North QLD Far North Cairns 1392.0 U $265 $1,148 $197,192 $177,473 -$96 -$276 -$153 -$351

Railway Estate QLD Northern Townsville 1109.5 U $295 $1,278 $221,593 $199,434 -$95 -$298 -$160 -$383

Robertson QLD Brisbane Brisbane 10.8 U $390 $1,690 $298,929 $269,036 -$94 -$367 -$181 -$482

Freshwater QLD Far North Cairns 1396.8 U $275 $1,192 $206,160 $185,544 -$91 -$279 -$151 -$358

Mackay QLD Mackay Mackay 804.2 U $420 $1,820 $324,096 $291,686 -$90 -$386 -$184 -$510

New Auckland QLD Fitzroy Gladstone 437.0 U $450 $1,950 $348,457 $313,611 -$90 -$408 -$191 -$541

Calliope QLD Fitzroy Gladstone 422.7 H $590 $2,557 $463,273 $416,946 -$84 -$507 -$218 -$684

Sun Valley QLD Fitzroy Gladstone 437.4 H $540 $2,340 $422,733 $380,460 -$83 -$469 -$206 -$631

North Mackay QLD Mackay Mackay 806.2 U $370 $1,603 $285,519 $256,967 -$79 -$340 -$162 -$449

Clermont QLD Mackay Isaac 770.5 H $500 $2,167 $391,215 $352,094 -$78 -$436 -$192 -$585

Mudgeeraba QLD Gold Coast Gold Coast 75.2 U $365 $1,582 $281,691 $253,522 -$78 -$335 -$160 -$443

Hermit Park QLD Northern Townsville 1109.6 U $265 $1,148 $200,952 $180,857 -$76 -$259 -$134 -$336

Waterford West QLD Brisbane Logan 26.4 U $265 $1,148 $201,140 $181,026 -$75 -$258 -$133 -$335

Blackstone QLD Brisbane Ipswich 28.2 H $330 $1,430 $254,171 $228,754 -$73 -$305 -$147 -$403

Whitfield QLD Far North Cairns 1393.5 U $255 $1,105 $193,462 $174,116 -$72 -$249 -$128 -$323

Mooroobool QLD Far North Cairns 1390.9 U $240 $1,040 $181,302 $163,172 -$72 -$238 -$125 -$307

Kooralbyn QLD West Moreton Scenic Rim 69.9 U $160 $693 $116,453 $104,808 -$72 -$178 -$105 -$223

Bundall QLD Gold Coast Gold Coast 70.8 U $385 $1,668 $299,261 $269,335 -$71 -$344 -$158 -$459

Edge Hill QLD Far North Cairns 1393.4 U $200 $867 $149,191 $134,272 -$70 -$206 -$114 -$264

Kuraby QLD Brisbane Brisbane 16.2 U $373 $1,614 $289,295 $260,366 -$70 -$334 -$154 -$445

Yorkeys Knob QLD Far North Cairns 1402.3 U $240 $1,040 $182,629 $164,366 -$65 -$232 -$118 -$302

Rockhampton City QLD Fitzroy Rockhampton 520.5 H $280 $1,213 $215,168 $193,651 -$65 -$261 -$127 -$344

Holloways Beach QLD Far North Cairns 1400.1 U $230 $997 $174,707 $157,236 -$64 -$224 -$115 -$290

Beenleigh QLD Brisbane Logan 31.6 U $255 $1,105 $195,339 $175,805 -$62 -$241 -$119 -$315

Maryborough QLD Wide Bay-Burnett Fraser Coast 218.9 U $230 $997 $175,062 $157,556 -$62 -$222 -$113 -$289

Merrimac QLD Gold Coast Gold Coast 72.8 U $350 $1,517 $272,550 $245,295 -$62 -$311 -$141 -$415

White Rock QLD Far North Cairns 1385.3 U $310 $1,343 $240,177 $216,159 -$61 -$281 -$131 -$372

Acacia Ridge QLD Brisbane Brisbane 12.8 U $330 $1,430 $256,460 $230,814 -$61 -$295 -$135 -$393

Pacific Pines QLD Gold Coast Gold Coast 59.4 U $360 $1,560 $281,415 $253,274 -$58 -$315 -$139 -$422

Helensvale QLD Gold Coast Gold Coast 58.0 U $400 $1,733 $314,059 $282,653 -$57 -$344 -$148 -$464

Collingwood Park QLD Brisbane Ipswich 23.9 U $265 $1,148 $204,700 $184,230 -$56 -$243 -$115 -$321

Slacks Creek QLD Brisbane Logan 21.1 U $270 $1,170 $209,593 $188,634 -$51 -$243 -$112 -$323

Currajong QLD Northern Townsville 1111.8 U $260 $1,127 $201,651 $181,486 -$50 -$234 -$109 -$311

Nambour QLD Sunshine Coast Sunshine Coast 94.1 U $280 $1,213 $218,095 $196,286 -$49 -$248 -$112 -$332

Brendale QLD Brisbane Moreton Bay 17.0 U $323 $1,398 $253,298 $227,968 -$45 -$277 -$119 -$374

Harristown QLD Darling Downs Toowoomba 109.3 U $250 $1,083 $194,775 $175,298 -$44 -$221 -$100 -$296

Woree QLD Far North Cairns 1387.3 U $190 $823 $146,071 $131,464 -$44 -$177 -$86 -$233

Oxley QLD Brisbane Brisbane 11.2 U $385 $1,668 $304,591 $274,132 -$42 -$321 -$131 -$437

Gatton QLD West Moreton Lockyer Valley 75.2 U $258 $1,116 $201,239 $181,115 -$42 -$225 -$100 -$302

Deception Bay QLD Brisbane Moreton Bay 32.2 U $296 $1,283 $234,061 $210,655 -$33 -$247 -$101 -$336

Coomera QLD Gold Coast Gold Coast 52.2 U $450 $1,950 $359,104 $323,194 -$33 -$361 -$137 -$498

Browns Plains QLD Brisbane Logan 21.5 U $320 $1,387 $253,777 $228,399 -$32 -$264 -$106 -$361

Archerfield QLD Brisbane Brisbane 10.9 H $345 $1,495 $274,193 $246,774 -$31 -$282 -$111 -$387

Berserker QLD Fitzroy Rockhampton 521.1 U $320 $1,387 $253,913 $228,522 -$31 -$263 -$105 -$360

Warner QLD Brisbane Moreton Bay 19.2 U $310 $1,343 $245,821 $221,239 -$31 -$256 -$102 -$350

New Auckland QLD Fitzroy Gladstone 437.0 H $578 $2,503 $462,979 $416,681 -$31 -$454 -$165 -$631

Kirwan QLD Northern Townsville 1112.4 U $340 $1,473 $270,487 $243,438 -$29 -$276 -$108 -$380

Hemmant QLD Brisbane Brisbane 10.3 U $350 $1,517 $278,615 $250,754 -$29 -$284 -$110 -$390

Heatley QLD Northern Townsville 1111.7 U $230 $997 $181,268 $163,141 -$29 -$195 -$82 -$264

Burleigh Waters QLD Gold Coast Gold Coast 79.0 U $350 $1,517 $278,953 $251,058 -$28 -$282 -$108 -$389

West End QLD Northern Townsville 1112.0 U $300 $1,300 $238,721 $214,849 -$26 -$244 -$95 -$335

West Rockhampton QLD Fitzroy Rockhampton 521.5 H $330 $1,430 $263,493 $237,144 -$23 -$264 -$100 -$365

Nerang QLD Gold Coast Gold Coast 63.2 U $330 $1,430 $263,862 $237,476 -$21 -$262 -$98 -$363

Fortitude Valley QLD Brisbane Brisbane 1.7 U $470 $2,037 $377,603 $339,843 -$21 -$366 -$130 -$510

Redbank Plains QLD Brisbane Ipswich 26.8 U $265 $1,148 $211,309 $190,178 -$20 -$213 -$82 -$294

Mundingburra QLD Northern Townsville 1109.3 U $278 $1,203 $221,904 $199,714 -$18 -$221 -$82 -$305

Wurtulla QLD Sunshine Coast Sunshine Coast 80.2 U $350 $1,517 $280,888 $252,799 -$17 -$274 -$99 -$381

Lawnton QLD Brisbane Moreton Bay 21.5 U $285 $1,235 $228,191 $205,372 -$17 -$225 -$83 -$313

Rosslea QLD Northern Townsville 1108.6 U $285 $1,235 $228,210 $205,389 -$17 -$225 -$83 -$312

Algester QLD Brisbane Brisbane 15.8 U $370 $1,603 $297,281 $267,553 -$16 -$288 -$103 -$402

Aitkenvale QLD Northern Townsville 1110.3 U $315 $1,365 $253,065 $227,759 -$14 -$245 -$87 -$342

Dinmore QLD Brisbane Ipswich 23.7 H $275 $1,192 $220,725 $198,653 -$13 -$215 -$77 -$299

Rockville QLD Darling Downs Toowoomba 107.8 U $233 $1,008 $186,244 $167,620 -$13 -$183 -$67 -$255

Vincent QLD Northern Townsville 1112.0 H $330 $1,430 $265,430 $238,887 -$13 -$255 -$90 -$357

Sunnybank Hills QLD Brisbane Brisbane 13.8 U $390 $1,690 $314,380 $282,942 -$12 -$299 -$103 -$419

Springfield QLD Brisbane Ipswich 23.6 U $330 $1,430 $265,799 $239,219 -$11 -$254 -$88 -$356

Norman Gardens QLD Fitzroy Rockhampton 524.2 U $330 $1,430 $266,151 $239,536 -$9 -$252 -$86 -$354

Victoria Point QLD Brisbane Redland 28.6 U $370 $1,603 $298,661 $268,795 -$9 -$282 -$96 -$396

Crestmead QLD Brisbane Logan 24.4 H $330 $1,430 $266,474 $239,827 -$8 -$251 -$85 -$353

West Mackay QLD Mackay Mackay 804.5 H $495 $2,145 $400,645 $360,581 -$6 -$372 -$122 -$525

Runcorn QLD Brisbane Brisbane 15.0 U $375 $1,625 $303,480 $273,132 -$5 -$282 -$93 -$398

Elanora QLD Gold Coast Gold Coast 85.1 U $350 $1,517 $283,229 $254,906 -$5 -$263 -$87 -$372

Woodridge QLD Brisbane Logan 19.1 H $300 $1,300 $243,085 $218,777 -$2 -$224 -$73 -$317

Sunnybank QLD Brisbane Brisbane 12.4 U $410 $1,777 $332,459 $299,213 -$2 -$306 -$98 -$433

Varsity Lakes QLD Gold Coast Gold Coast 78.2 U $420 $1,820 $340,755 $306,680 -$1 -$312 -$100 -$442

South Mackay QLD Mackay Mackay 802.2 U $400 $1,733 $324,598 $292,138 -$1 -$297 -$95 -$421


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal


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





Distance from


CBD (km)

TypePrincipal &


Principal &


Kooralbyn QLD West Moreton Scenic Rim 69.9 U $160 $693 $116,453 $104,808 -$72 -$178 -$105 -$223

Bundall QLD Gold Coast Gold Coast 70.8 U $385 $1,668 $299,261 $269,335 -$71 -$344 -$158 -$459

Edge Hill QLD Far North Cairns 1393.4 U $200 $867 $149,191 $134,272 -$70 -$206 -$114 -$264

Kuraby QLD Brisbane Brisbane 16.2 U $373 $1,614 $289,295 $260,366 -$70 -$334 -$154 -$445

Yorkeys Knob QLD Far North Cairns 1402.3 U $240 $1,040 $182,629 $164,366 -$65 -$232 -$118 -$302

Rockhampton City QLD Fitzroy Rockhampton 520.5 H $280 $1,213 $215,168 $193,651 -$65 -$261 -$127 -$344

Holloways Beach QLD Far North Cairns 1400.1 U $230 $997 $174,707 $157,236 -$64 -$224 -$115 -$290

Beenleigh QLD Brisbane Logan 31.6 U $255 $1,105 $195,339 $175,805 -$62 -$241 -$119 -$315

Maryborough QLD Wide Bay-Burnett Fraser Coast 218.9 U $230 $997 $175,062 $157,556 -$62 -$222 -$113 -$289

Merrimac QLD Gold Coast Gold Coast 72.8 U $350 $1,517 $272,550 $245,295 -$62 -$311 -$141 -$415

White Rock QLD Far North Cairns 1385.3 U $310 $1,343 $240,177 $216,159 -$61 -$281 -$131 -$372

Acacia Ridge QLD Brisbane Brisbane 12.8 U $330 $1,430 $256,460 $230,814 -$61 -$295 -$135 -$393

Pacific Pines QLD Gold Coast Gold Coast 59.4 U $360 $1,560 $281,415 $253,274 -$58 -$315 -$139 -$422

Helensvale QLD Gold Coast Gold Coast 58.0 U $400 $1,733 $314,059 $282,653 -$57 -$344 -$148 -$464

Collingwood Park QLD Brisbane Ipswich 23.9 U $265 $1,148 $204,700 $184,230 -$56 -$243 -$115 -$321

Slacks Creek QLD Brisbane Logan 21.1 U $270 $1,170 $209,593 $188,634 -$51 -$243 -$112 -$323

Currajong QLD Northern Townsville 1111.8 U $260 $1,127 $201,651 $181,486 -$50 -$234 -$109 -$311

Nambour QLD Sunshine Coast Sunshine Coast 94.1 U $280 $1,213 $218,095 $196,286 -$49 -$248 -$112 -$332

Brendale QLD Brisbane Moreton Bay 17.0 U $323 $1,398 $253,298 $227,968 -$45 -$277 -$119 -$374

Harristown QLD Darling Downs Toowoomba 109.3 U $250 $1,083 $194,775 $175,298 -$44 -$221 -$100 -$296

Woree QLD Far North Cairns 1387.3 U $190 $823 $146,071 $131,464 -$44 -$177 -$86 -$233

Oxley QLD Brisbane Brisbane 11.2 U $385 $1,668 $304,591 $274,132 -$42 -$321 -$131 -$437

Gatton QLD West Moreton Lockyer Valley 75.2 U $258 $1,116 $201,239 $181,115 -$42 -$225 -$100 -$302

Deception Bay QLD Brisbane Moreton Bay 32.2 U $296 $1,283 $234,061 $210,655 -$33 -$247 -$101 -$336

Coomera QLD Gold Coast Gold Coast 52.2 U $450 $1,950 $359,104 $323,194 -$33 -$361 -$137 -$498

Browns Plains QLD Brisbane Logan 21.5 U $320 $1,387 $253,777 $228,399 -$32 -$264 -$106 -$361

Archerfield QLD Brisbane Brisbane 10.9 H $345 $1,495 $274,193 $246,774 -$31 -$282 -$111 -$387

Berserker QLD Fitzroy Rockhampton 521.1 U $320 $1,387 $253,913 $228,522 -$31 -$263 -$105 -$360

Warner QLD Brisbane Moreton Bay 19.2 U $310 $1,343 $245,821 $221,239 -$31 -$256 -$102 -$350

New Auckland QLD Fitzroy Gladstone 437.0 H $578 $2,503 $462,979 $416,681 -$31 -$454 -$165 -$631

Kirwan QLD Northern Townsville 1112.4 U $340 $1,473 $270,487 $243,438 -$29 -$276 -$108 -$380

Hemmant QLD Brisbane Brisbane 10.3 U $350 $1,517 $278,615 $250,754 -$29 -$284 -$110 -$390

Heatley QLD Northern Townsville 1111.7 U $230 $997 $181,268 $163,141 -$29 -$195 -$82 -$264

Burleigh Waters QLD Gold Coast Gold Coast 79.0 U $350 $1,517 $278,953 $251,058 -$28 -$282 -$108 -$389

West End QLD Northern Townsville 1112.0 U $300 $1,300 $238,721 $214,849 -$26 -$244 -$95 -$335

West Rockhampton QLD Fitzroy Rockhampton 521.5 H $330 $1,430 $263,493 $237,144 -$23 -$264 -$100 -$365

Nerang QLD Gold Coast Gold Coast 63.2 U $330 $1,430 $263,862 $237,476 -$21 -$262 -$98 -$363

Fortitude Valley QLD Brisbane Brisbane 1.7 U $470 $2,037 $377,603 $339,843 -$21 -$366 -$130 -$510

Redbank Plains QLD Brisbane Ipswich 26.8 U $265 $1,148 $211,309 $190,178 -$20 -$213 -$82 -$294

Mundingburra QLD Northern Townsville 1109.3 U $278 $1,203 $221,904 $199,714 -$18 -$221 -$82 -$305

Wurtulla QLD Sunshine Coast Sunshine Coast 80.2 U $350 $1,517 $280,888 $252,799 -$17 -$274 -$99 -$381

Lawnton QLD Brisbane Moreton Bay 21.5 U $285 $1,235 $228,191 $205,372 -$17 -$225 -$83 -$313

Rosslea QLD Northern Townsville 1108.6 U $285 $1,235 $228,210 $205,389 -$17 -$225 -$83 -$312

Algester QLD Brisbane Brisbane 15.8 U $370 $1,603 $297,281 $267,553 -$16 -$288 -$103 -$402

Aitkenvale QLD Northern Townsville 1110.3 U $315 $1,365 $253,065 $227,759 -$14 -$245 -$87 -$342

Dinmore QLD Brisbane Ipswich 23.7 H $275 $1,192 $220,725 $198,653 -$13 -$215 -$77 -$299

Rockville QLD Darling Downs Toowoomba 107.8 U $233 $1,008 $186,244 $167,620 -$13 -$183 -$67 -$255

Vincent QLD Northern Townsville 1112.0 H $330 $1,430 $265,430 $238,887 -$13 -$255 -$90 -$357

Sunnybank Hills QLD Brisbane Brisbane 13.8 U $390 $1,690 $314,380 $282,942 -$12 -$299 -$103 -$419

Springfield QLD Brisbane Ipswich 23.6 U $330 $1,430 $265,799 $239,219 -$11 -$254 -$88 -$356

Norman Gardens QLD Fitzroy Rockhampton 524.2 U $330 $1,430 $266,151 $239,536 -$9 -$252 -$86 -$354

Victoria Point QLD Brisbane Redland 28.6 U $370 $1,603 $298,661 $268,795 -$9 -$282 -$96 -$396

Crestmead QLD Brisbane Logan 24.4 H $330 $1,430 $266,474 $239,827 -$8 -$251 -$85 -$353

West Mackay QLD Mackay Mackay 804.5 H $495 $2,145 $400,645 $360,581 -$6 -$372 -$122 -$525

Runcorn QLD Brisbane Brisbane 15.0 U $375 $1,625 $303,480 $273,132 -$5 -$282 -$93 -$398

Elanora QLD Gold Coast Gold Coast 85.1 U $350 $1,517 $283,229 $254,906 -$5 -$263 -$87 -$372

Woodridge QLD Brisbane Logan 19.1 H $300 $1,300 $243,085 $218,777 -$2 -$224 -$73 -$317

Sunnybank QLD Brisbane Brisbane 12.4 U $410 $1,777 $332,459 $299,213 -$2 -$306 -$98 -$433

Varsity Lakes QLD Gold Coast Gold Coast 78.2 U $420 $1,820 $340,755 $306,680 -$1 -$312 -$100 -$442

South Mackay QLD Mackay Mackay 802.2 U $400 $1,733 $324,598 $292,138 -$1 -$297 -$95 -$421


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal


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






Distance from


CBD (km)

TypePrincipal &


Principal &


Gilles Plains SA Adelaide Port Adelaide Enfield 9.8 U $350 $1,517 $241,636 $217,472 -$227 -$447 -$297 -$540

Port Pirie West SA Northern Port Pirie City and Dists 204.6 H $200 $867 $129,604 $116,644 -$175 -$293 -$212 -$343

Whyalla Stuart SA Northern Whyalla 232.9 H $310 $1,343 $222,507 $200,256 -$156 -$359 -$220 -$444

Berri SA Murray Lands Berri and Barmera 197.3 U $170 $737 $112,081 $100,873 -$138 -$241 -$171 -$284

Athol Park SA Adelaide Charles Sturt 9.0 U $320 $1,387 $234,768 $211,291 -$133 -$348 -$202 -$438

Elizabeth Downs SA Adelaide Playford 26.5 U $200 $867 $137,602 $123,842 -$132 -$258 -$172 -$310

Port Augusta West SA Northern Port Augusta 282.4 U $180 $780 $124,720 $112,248 -$114 -$228 -$150 -$276

Evanston SA Adelaide Gawler 35.9 U $198 $856 $139,986 $125,987 -$109 -$236 -$149 -$290

Davoren Park SA Adelaide Playford 26.6 H $240 $1,040 $175,357 $157,821 -$104 -$264 -$155 -$331

Gawler West SA Adelaide Gawler 37.6 U $240 $1,040 $175,560 $158,004 -$103 -$263 -$154 -$330

Whyalla Norrie SA Northern Whyalla 232.3 H $285 $1,235 $212,418 $191,176 -$101 -$295 -$163 -$376

Elizabeth North SA Adelaide Playford 25.8 U $210 $910 $151,950 $136,755 -$99 -$238 -$143 -$296

Elizabeth Vale SA Adelaide Playford 20.4 U $191 $828 $137,341 $123,607 -$95 -$220 -$134 -$272

Salisbury SA Adelaide Salisbury 18.1 U $220 $953 $161,073 $144,966 -$93 -$241 -$140 -$302

Elizabeth South SA Adelaide Playford 21.0 U $200 $867 $144,949 $130,454 -$93 -$225 -$135 -$281

Elizabeth Park SA Adelaide Playford 24.9 U $205 $888 $149,514 $134,563 -$90 -$227 -$134 -$284

Elizabeth East SA Adelaide Playford 23.0 U $210 $910 $153,700 $138,330 -$90 -$230 -$134 -$289

Whyalla Playford SA Northern Whyalla 231.3 U $215 $932 $158,440 $142,596 -$86 -$231 -$132 -$291

Smithfield Plains SA Adelaide Playford 28.4 U $195 $845 $142,726 $128,453 -$83 -$213 -$124 -$268

Reynella SA Adelaide Onkaparinga 20.4 U $260 $1,127 $196,197 $176,577 -$79 -$258 -$136 -$334

Elizabeth North SA Adelaide Playford 25.8 H $240 $1,040 $180,561 $162,505 -$76 -$241 -$128 -$310

Davoren Park SA Adelaide Playford 26.6 U $190 $823 $141,375 $127,238 -$69 -$198 -$110 -$252

Smithfield Plains SA Adelaide Playford 28.4 H $240 $1,040 $182,344 $164,110 -$67 -$233 -$119 -$303

Elizabeth Grove SA Adelaide Playford 21.9 U $200 $867 $150,335 $135,302 -$64 -$201 -$108 -$259

Whyalla SA Northern Whyalla 229.7 U $223 $964 $168,785 $151,907 -$63 -$217 -$112 -$282

Pooraka SA Adelaide Salisbury 11.3 U $260 $1,127 $201,226 $181,103 -$52 -$236 -$111 -$313

Bedford Park SA Adelaide Mitcham 11.3 U $270 $1,170 $209,738 $188,764 -$50 -$242 -$111 -$322

Elizabeth Park SA Adelaide Playford 24.9 H $251 $1,088 $194,433 $174,990 -$50 -$227 -$106 -$302

Roxby Downs SA Northern Roxby Downs 510.9 H $580 $2,513 $462,380 $416,142 -$45 -$467 -$179 -$644

Tailem Bend SA Murray Lands The Coorong 90.3 H $200 $867 $154,983 $139,485 -$39 -$181 -$84 -$240

Risdon Park South SA Northern Port Pirie City and Dists 198.2 U $155 $672 $118,588 $106,729 -$39 -$147 -$73 -$192

Port Pirie South SA Northern Port Pirie City and Dists 197.7 H $235 $1,018 $184,160 $165,744 -$35 -$203 -$89 -$274

Balaklava SA Yorke and Lower NorthWakefield 87.9 H $240 $1,040 $189,175 $170,258 -$30 -$203 -$85 -$275

Peterborough SA Northern Peterborough 218.5 H $135 $585 $104,071 $93,664 -$29 -$124 -$60 -$164

Northfield SA Adelaide Port Adelaide Enfield 9.2 U $268 $1,159 $212,131 $190,918 -$27 -$220 -$88 -$302

Pennington SA Adelaide Charles Sturt 9.4 U $280 $1,213 $222,923 $200,631 -$23 -$227 -$88 -$312

Whyalla Stuart SA Northern Whyalla 232.9 U $195 $845 $153,955 $138,560 -$23 -$164 -$68 -$223

Port Noarlunga SA Adelaide Onkaparinga 27.9 U $245 $1,062 $194,800 $175,320 -$22 -$200 -$78 -$274

Salisbury North SA Adelaide Salisbury 20.1 U $235 $1,018 $186,889 $168,200 -$21 -$191 -$75 -$263

Risdon Park SA Northern Port Pirie City and Dists 200.7 U $160 $693 $126,018 $113,416 -$21 -$136 -$57 -$184

Paralowie SA Adelaide Salisbury 18.5 U $243 $1,051 $193,058 $173,752 -$20 -$197 -$76 -$270

Elizabeth Downs SA Adelaide Playford 26.5 H $240 $1,040 $191,660 $172,494 -$17 -$192 -$72 -$265

Whyalla Norrie SA Northern Whyalla 232.3 U $200 $867 $160,440 $144,396 -$10 -$157 -$57 -$218

Solomontown SA Northern Port Pirie City and Dists 200.5 H $190 $823 $152,371 $137,134 -$10 -$149 -$54 -$207

Elizabeth Grove SA Adelaide Playford 21.9 H $250 $1,083 $201,252 $181,127 -$9 -$193 -$67 -$270

Hillcrest SA Adelaide Port Adelaide Enfield 8.0 U $260 $1,127 $209,620 $188,658 -$8 -$199 -$68 -$279

Devon Park SA Adelaide Port Adelaide Enfield 4.3 U $383 $1,658 $309,128 $278,215 -$7 -$290 -$97 -$408

Elizabeth East SA Adelaide Playford 23.0 H $260 $1,127 $210,947 $189,852 -$1 -$193 -$62 -$274


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal


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






Distance from


CBD (km)

TypePrincipal &


Principal &


Ledge Point WA Midlands Gingin 104.8 H $1,500 $6,500 $508,225 $457,403 -$3,787 -$4,251 -$3,934 -$4,446

Port Hedland WA Pilbara Port Hedland 1321.1 H $2,300 $9,967 $1,283,300 $1,154,970 -$3,116 -$4,288 -$3,488 -$4,779

Port Hedland WA Pilbara Port Hedland 1321.1 U $1,625 $7,042 $758,861 $682,975 -$2,991 -$3,684 -$3,211 -$3,974

South Hedland WA Pilbara Port Hedland 1312.7 H $1,800 $7,800 $909,299 $818,369 -$2,946 -$3,776 -$3,210 -$4,124

Nickol WA Pilbara Roebourne 1250.5 H $1,700 $7,367 $882,166 $793,949 -$2,657 -$3,463 -$2,913 -$3,801

Pegs Creek WA Pilbara Roebourne 1251.4 H $1,500 $6,500 $742,284 $668,056 -$2,538 -$3,215 -$2,753 -$3,499

Millars Well WA Pilbara Roebourne 1251.2 H $1,500 $6,500 $769,794 $692,815 -$2,391 -$3,094 -$2,614 -$3,388

Baynton WA Pilbara Roebourne 1249.0 H $1,725 $7,475 $1,013,634 $912,271 -$2,064 -$2,990 -$2,358 -$3,377

Bulgarra WA Pilbara Roebourne 1252.3 H $1,350 $5,850 $766,130 $689,517 -$1,760 -$2,460 -$1,982 -$2,753

Dampier WA Pilbara Roebourne 1257.8 H $1,500 $6,500 $920,370 $828,333 -$1,587 -$2,427 -$1,854 -$2,779

Derby WA Kimberley Derby-West Kimberley 945.4 H $925 $4,008 $494,147 $444,732 -$1,370 -$1,822 -$1,514 -$2,011

Pegs Creek WA Pilbara Roebourne 1251.4 U $950 $4,117 $527,045 $474,341 -$1,303 -$1,784 -$1,456 -$1,986

Bulgarra WA Pilbara Roebourne 1252.3 U $900 $3,900 $551,255 $496,130 -$957 -$1,461 -$1,117 -$1,672

Burswood WA Perth Victoria Park 3.3 H $990 $4,290 $667,741 $600,967 -$725 -$1,335 -$919 -$1,591

Merredin WA Midlands Merredin 236.6 H $325 $1,408 $195,918 $176,326 -$362 -$541 -$419 -$616

Collie WA South West Collie 158.6 U $390 $1,690 $251,776 $226,598 -$346 -$576 -$419 -$672

Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.1 U $370 $1,603 $245,016 $220,514 -$295 -$519 -$366 -$613

Piccadilly WA South Eastern Kalgoorlie/Boulder 548.9 H $445 $1,928 $308,816 $277,934 -$280 -$562 -$369 -$680

Perth WA Perth Perth 0.7 U $600 $2,600 $435,321 $391,789 -$276 -$674 -$402 -$840

Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.1 H $430 $1,863 $298,943 $269,049 -$268 -$541 -$354 -$655

Ascot WA Perth Belmont 7.2 U $500 $2,167 $358,140 $322,326 -$255 -$582 -$359 -$719

Piccadilly WA South Eastern Kalgoorlie/Boulder 548.9 U $370 $1,603 $258,756 $232,880 -$222 -$458 -$297 -$557

Somerville WA South Eastern Kalgoorlie/Boulder 547.2 H $590 $2,557 $440,108 $396,097 -$207 -$609 -$335 -$778

Kambalda West WA South Eastern Coolgardie 549.4 H $300 $1,300 $204,895 $184,406 -$206 -$393 -$266 -$472

Coolgardie WA South Eastern Coolgardie 514.5 H $260 $1,127 $174,309 $156,878 -$196 -$355 -$247 -$422

Boulder WA South Eastern Kalgoorlie/Boulder 549.6 H $370 $1,603 $266,667 $240,000 -$180 -$423 -$257 -$525

Kununurra WA Kimberley Wyndham-East Kimberley 409.5 H $640 $2,773 $486,806 $438,125 -$175 -$619 -$316 -$805

Kambalda East WA South Eastern Coolgardie 560.3 H $240 $1,040 $162,717 $146,445 -$171 -$320 -$219 -$382

Withers WA South West Bunbury 158.7 U $230 $997 $154,943 $139,449 -$170 -$311 -$214 -$370

South Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.8 U $300 $1,300 $212,822 $191,540 -$164 -$358 -$226 -$440

Lamington WA South Eastern Kalgoorlie/Boulder 548.9 H $475 $2,058 $360,152 $324,137 -$136 -$465 -$240 -$602

Broome WA Kimberley Broome 1107.5 U $550 $2,383 $421,464 $379,318 -$133 -$518 -$256 -$680

Somerville WA South Eastern Kalgoorlie/Boulder 547.2 U $380 $1,647 $286,322 $257,690 -$118 -$380 -$201 -$489

Girrawheen WA Perth Wanneroo 12.5 U $340 $1,473 $258,045 $232,241 -$96 -$331 -$171 -$430

Hannans WA South Eastern Kalgoorlie/Boulder 548.6 H $550 $2,383 $432,193 $388,974 -$76 -$471 -$202 -$636

South Kalgoorlie WA South Eastern Kalgoorlie/Boulder 549.8 H $380 $1,647 $295,086 $265,577 -$71 -$341 -$157 -$454

Kununurra WA Kimberley Wyndham-East Kimberley 409.5 U $535 $2,318 $422,461 $380,215 -$63 -$449 -$186 -$611

South Boulder WA South Eastern Kalgoorlie/Boulder 550.1 H $360 $1,560 $282,042 $253,838 -$54 -$312 -$136 -$420

Djugun WA Kimberley Broome 1106.1 U $550 $2,383 $436,553 $392,898 -$53 -$452 -$180 -$619

Boulder WA South Eastern Kalgoorlie/Boulder 549.6 U $298 $1,289 $232,538 $209,284 -$48 -$260 -$115 -$349

West Perth WA Perth Perth 1.8 U $600 $2,600 $479,813 $431,832 -$39 -$477 -$178 -$660

Carey Park WA South West Bunbury 157.0 U $320 $1,387 $253,231 $227,908 -$35 -$266 -$108 -$363

Orelia WA Perth Kwinana 31.4 U $245 $1,062 $196,817 $177,135 -$11 -$191 -$68 -$266

Rangeway WA Central Geraldton-Greenough 371.2 H $260 $1,127 $209,359 $188,423 -$9 -$200 -$70 -$280


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal


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






Distance from


CBD (km)

TypePrincipal &


Principal &


Herdsmans Cove TAS Greater Hobart Brighton 15.4 H $218 $943 $137,040 $123,336 -$211 -$336 -$251 -$389

Ravenswood TAS Northern Launceston 1019.4 U $170 $737 $99,640 $89,676 -$205 -$296 -$234 -$334

Chigwell TAS Greater Hobart Glenorchy 11.5 H $280 $1,213 $189,642 $170,678 -$201 -$374 -$256 -$447

Risdon Vale TAS Greater Hobart Clarence 8.9 H $260 $1,127 $179,149 $161,234 -$170 -$334 -$222 -$402

Gagebrook TAS Greater Hobart Brighton 16.0 H $215 $932 $144,469 $130,022 -$160 -$292 -$202 -$348

Rocherlea TAS Northern Launceston 168.0 H $200 $867 $135,791 $122,212 -$142 -$266 -$181 -$318

Bridgewater TAS Greater Hobart Brighton 18.9 H $250 $1,083 $177,821 $160,039 -$134 -$296 -$186 -$364

Zeehan TAS Mersey-Lyell West Coast 196.8 H $150 $650 $97,517 $87,765 -$129 -$218 -$158 -$256

Queenstown TAS Mersey-Lyell West Coast 171.2 H $140 $607 $90,723 $81,651 -$122 -$205 -$149 -$240

Hillcrest TAS Mersey-Lyell Burnie 234.4 H $220 $953 $156,604 $140,944 -$117 -$260 -$163 -$320

Mayfield TAS Northern Launceston 173.6 H $210 $910 $148,748 $133,873 -$116 -$252 -$159 -$309

Campbell Town TAS Northern Northern Midlands 107.3 H $250 $1,083 $182,391 $164,152 -$110 -$276 -$163 -$346

Waverley TAS Northern Launceston 162.4 H $220 $953 $158,321 $142,489 -$108 -$253 -$154 -$313

New Norfolk TAS Greater Hobart Derwent Valley 24.8 H $250 $1,083 $182,840 $164,556 -$107 -$274 -$160 -$344

Warrane TAS Greater Hobart Clarence 5.9 H $290 $1,257 $217,623 $195,861 -$95 -$294 -$158 -$377

Clarendon Vale TAS Greater Hobart Clarence 9.8 H $213 $921 $155,380 $139,842 -$91 -$233 -$136 -$293

East Devonport TAS Mersey-Lyell Devonport 203.6 U $210 $910 $154,591 $139,132 -$85 -$226 -$130 -$285

Rokeby TAS Greater Hobart Clarence 9.4 H $250 $1,083 $187,326 $168,593 -$83 -$254 -$138 -$326

Rosebery TAS Mersey-Lyell West Coast 191.1 H $140 $607 $98,715 $88,844 -$80 -$170 -$108 -$208

Brighton TAS Greater Hobart Brighton 22.1 U $260 $1,127 $201,428 $181,285 -$51 -$235 -$110 -$312

Acton TAS Mersey-Lyell Burnie 233.5 H $220 $953 $169,045 $152,141 -$51 -$205 -$100 -$270

Goodwood TAS Greater Hobart Glenorchy 6.7 H $270 $1,170 $209,913 $188,922 -$49 -$241 -$110 -$321

Glenorchy TAS Greater Hobart Glenorchy 6.6 U $245 $1,062 $191,590 $172,431 -$39 -$214 -$94 -$287

Shorewell Park TAS Mersey-Lyell Burnie 234.5 H $193 $834 $151,510 $136,359 -$25 -$164 -$69 -$222

Mowbray TAS Northern Launceston 164.9 H $260 $1,127 $206,908 $186,217 -$22 -$211 -$82 -$290

Montello TAS Mersey-Lyell Burnie 234.9 H $240 $1,040 $191,615 $172,454 -$17 -$192 -$73 -$265

Mowbray TAS Northern Launceston 164.9 U $223 $964 $178,605 $160,745 -$11 -$174 -$63 -$242

Claremont TAS Greater Hobart Glenorchy 13.3 H $288 $1,246 $231,425 $208,283 -$10 -$222 -$78 -$310

Huonville TAS Southern Huon Valley 27.8 U $268 $1,159 $216,627 $194,964 -$3 -$201 -$66 -$283

Claremont TAS Greater Hobart Glenorchy 13.3 U $230 $997 $186,220 $167,598 -$3 -$173 -$57 -$244


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal





Distance from


CBD (km)

TypePrincipal &


Principal &


Gillen NT Northern Territory - BalAlice Springs 1291.0 U $400 $1,733 $282,625 $254,363 -$225 -$483 -$307 -$591

The Gap NT Northern Territory - BalAlice Springs 1291.5 U $398 $1,723 $291,849 $262,664 -$165 -$431 -$249 -$543

Sadadeen NT Northern Territory - BalAlice Springs 1291.0 H $520 $2,253 $401,770 $361,593 -$109 -$476 -$225 -$629

Larapinta NT Northern Territory - BalAlice Springs 1287.0 U $390 $1,690 $304,988 $274,489 -$62 -$340 -$150 -$457

Sadadeen NT Northern Territory - BalAlice Springs 1291.0 U $395 $1,712 $311,298 $280,168 -$50 -$334 -$140 -$453

Araluen NT Northern Territory - BalAlice Springs 1289.3 U $420 $1,820 $335,236 $301,712 -$30 -$337 -$128 -$465

Katherine NT Northern Territory - BalKatherine 269.9 H $420 $1,820 $338,185 $304,367 -$15 -$324 -$113 -$453

Desert Springs NT Northern Territory - BalAlice Springs 1291.7 U $463 $2,004 $373,585 $336,227 -$10 -$351 -$118 -$494

Tiwi NT Darwin Darwin 11.9 U $450 $1,950 $363,966 $327,569 -$7 -$339 -$113 -$479

Moulden NT Darwin Palmerston 15.1 U $390 $1,690 $316,007 $284,406 -$3 -$292 -$95 -$413

The Gap NT Northern Territory - BalAlice Springs 1291.5 H $465 $2,015 $377,384 $339,646 $0 -$345 -$110 -$489


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal



Distance from


CBD (km)

TypePrincipal &


Principal &


Canberra City ACT Canberra Unincorporated ACT 0.3 U $590 $2,557 $435,591 $392,032 -$231 -$629 -$358 -$796

Macquarie ACT Canberra Unincorporated ACT 6.7 U $450 $1,950 $335,919 $302,327 -$157 -$464 -$254 -$592

Franklin ACT Canberra Unincorporated ACT 9.6 U $420 $1,820 $322,688 $290,419 -$97 -$392 -$191 -$516


Median weekly

asking rent

Monthly rental

cost

Median

valuePrincipal


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

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

Northern Territory See 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 property information services throughout Australia and New Zealand. Subscription clients to RP Data’s property information service include over 10,000 real estate agents, valuers, property developers, financial institutions and government departments. RP Data is also the largest supplier of electronic valuations and consumer property reports in Australia generating over 30 million electronic valuations every month. Our recent acquisitions of the Valex Group (made up of Valuation Exchange and Megaw & Hogg National Valuers) and Sandstone’s VMS division has allowed us to expand this role further. By combining our leading databases and analytics with existing property valuation management processes, platforms and a leading valuation firm, we’re able to develop more efficient valuation solutions while reducing the risks associated with mortgage lending. The name RP Data is synonymous with the property and commercial markets. We have forged a strong reputation as leaders in the provision of comprehensive ‘real-time’ data that has proven to cut costs, 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 to boast the Reserve Bank of Australia as one of our key customers along with many multi-national corporations, 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 data and extended information services give our customers the confidence to make sound and well researched decisions about property. As the pioneers of online property information, we are at the forefront of innovation through continual 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 and analytics. Whether our clients need to increase listings to sell more, manage their risk portfolio effectively, market to current and future clients who are transacting in property, or simply streamline the way they do business, RP Data has the solution. It's not just data, it's RP Data.


http://www.myrpdata.com/




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 Data This 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 Data Contains 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 Data To 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 Data Based on information provided by and with the permission of the Western Australian Land Information Authority (2012) trading as Landgate. Australian Capital Territory Data The 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 Data This 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; and b) 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



Documents

RP Data Buy vs. Rentimages.smh.com.au/file/2012/11/05/3770961/buy%20v%20rent.pdf · Variable interest rate (5.9%) 3 year fixed interest rate (5.39%) What if you were willing to spend