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17 October 2026

Australia on track for wettest El Nino ever

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Australia on track for wettest El Nino ever

Australia has recorded its wettest El Nino winter in 35 years, with widespread storms and flash flooding forecast to drench millions of Aussies this week.

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Mortgage repayments are now cheaper than rent in some Australian suburbs. Is yours among them?Australia

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Mortgage repayments are now cheaper than rent in some Australian suburbs. Is yours among them?

As house prices plateau, the gap between the cost of buying and renting is narrowing in dozens of suburbs Guardian Australia’s analysis of Cotality data shows that median rents in inner-city Melbourne, suburban Canberra and Darwin are now nearly matching weekly home loan repayments. In one in 10 suburbs and towns across the country, repayments are less than $200 a week higher than rent, for the typical property. In some suburbs, they are actually cheaper.

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