Mortgage repayments cheaper than rent in 10% of Australian suburbs as prices plateau

Guardian Australia analysis of Cotality data shows median mortgage repayments now undercut rents in one in ten Australian suburbs, concentrated in inner-city Melbourne, Canberra, and Darwin, as property prices plateau and rents stay high. This narrows the buy-versus-rent gap, potentially boosting housing demand and affecting property market dynamics, though the trend's durability depends on interest rates and price movements.