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Latest Great Southern Bank News

Easing prices, rising rents luring investors and tempting new buyers

With property prices moderating and yields and vacancy rates hitting renters hard, the pendulum is swinging towards mortgages being cheaper than rents.

Adelaide metro tram at Moseley Square, Glenelg, at sunset.
Adelaide, at 1.9 per cent growth in April, led the pace of capital gains

Sydney and Melbourne have recorded their first combined quarter of negative growth since the extended lockdowns of 2020.

With property prices moderating and rents and vacancy rates hitting renters hard, mortgages are becoming more affordable than rentals.

While property prices nationally were up just 0.6 per cent in April, and 1.9 per cent for the quarter, rents continued to rise sharply, up 2.7 per cent over the three months to April, taking t…