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The Housing Industry Association (HIA) has taken a big swig of Kool Aid today, arguing that it is cheaper to buy a house than rent in both Sydney and Melbourne. From The AFR:
Renting might seem more appealing with soaring housing prices in Sydney and Melbourne but don’t expect it to be cheaper than buying…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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