Are Gatton and Laidley rents lease than mortgage repayments?

Realestate.com reported on 28 February 2024 a list of suburbs in which the average mortgage repayment would be less than the Australian rental average of $550 per week.

It was interesting to see in that list two towns in the Lockyer Valley names being Gatton and Laidley.

The article set out that the median sale price of a property in Gatton was $430,000. That median sale price would result in a mortgage of $344,000 (80% of purchase price) which would result in a mortgage payment of $528.96.

The same article set out that the figures for Laidley were the same as those in Gatton.

RP Data reports that as of December 2023 that the average rental in Gatton was $450 per week and in Laidley was $435.

So while the mortgage repayments are less than the Australian average, they are still slightly above the average weekly rental in Gatton and Laidley.

It is great to see our region mentioned in the national media and recognised for the hidden gem that it is.

Hopefully, people continue to see the benefits of the Lockyer Valley and identify it as an area of opportunity.