According to Cotality's March housing report, it's $322 a fortnight cheaper to buy a unit in inner-city Melbourne than it is to rent one.
According to Cotality's March housing report, it's $322 a fortnight cheaper to buy a unit in inner-city Melbourne than it is to rent one.
4 Comments
incogtino@lemmy.zip · 10 pts · 189d
Who pays rent by the fortnight? If they said saving $644 you would know it's per month, if they said saving $161 you would know it's per week, so lets use fortnight amounts as clickbait
SpicyLizards@reddthat.com · 3 pts · 189d
Who pays 644 a month in Melbourne, i reckon if you have 650 a week, it's a shit or tiny place, or below average rent.
But yes fortnightly or even monthly is unusual
Expand@fedi.ur-mom.gay · 2 pts · 189d
I get paid fortnightly so i pay rent fortnightly makes sense to me, paying a weeks rent when you get paid fortnightly is asking to risk being short every second week, if you are paid monthly same thing pay in 4 weekly payments or monthly, also where are you finding 161$ a week rent, not in melbourne i would imagine, i pay 525 a week and im in greater sydney area not even in the city AND my rent is absurdly cheap for the area
DavidDoesLemmy@aussie.zone · 7 pts · 189d
They're just comparing rent with mortgage repayments. But not maintenance on the property, rates, body corporate, opportunity cost on your deposit and stamp duty.