Victoria housing affordability: Less than a fifth of Victorian homes are cheaper to buy than rent | PropTrack

Less than a fifth of Victorian homes are more affordable to buy than rent, with the state having drastically less stock than the rest of the nation.

PropTrack’s Market Insight report, released today, showed 16.6 per cent of the state’s dwellings are cheaper to buy than lease — considering current purchase and rent prices as of October this year.

Based on the latest Census data, this is only around 448,000 homes of 2.7m dwellings in Victoria.

Read the full article here from Australian Broker.