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https://homes.co.nz/address/auckland/mangere-east/16-fleming-street/Y1V1a https://homes.co.nz/address/auckland/mangere-east/16-fleming... Estimated rent: $600/

https://homes.co.nz/address/auckland/mangere-east/16-fleming-street/Y1V1a https://homes.co.nz/address/auckland/mangere-east/16-fleming... Estimated rent: $600/week Estimated mortgage repayment: $1000/week If you get a 30 year mortgage, more than $600 of that will be interest near the start. I didn't cherry pick this. I just clicked randomly on a big city until I found one with both estimates available.

carlosjobim 1y ago
That's an estimate from a third party with nothing to say on the matter. Now show me a real offer, where the rent is less than the mortgage for the same unit.
- foxglacier 1y ago
  No. Too much hard work for something that's going to give the obvious result. You show me your source of information saying that it's never the case.