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Quick Answer
The RTX 4060 is 10-15% faster than the RX 7600 in rasterization and significantly better in ray tracing. It also has DLSS 3 Frame Generation. However, the RX 7600 costs $50 AUD less. The RTX 4060 is the better GPU; the RX 7600 is the better deal.
DLSS 3 Frame Generation is available in more titles and produces better visual quality than FSR 3. In DLSS-supported games, the RTX 4060 can outperform the RX 7600 by 40-50%. This is the RTX 4060's biggest advantage.
The RTX 4060 draws 50W less, which means less heat, a quieter system, and compatibility with smaller PSUs. Over a year of daily gaming, this saves roughly $20-30 AUD in electricity.
Both cards have 8GB VRAM. This is adequate for 1080p gaming today but may become limiting at 1440p in future titles. Neither card has a VRAM advantage.
Our Verdict
The RTX 4060 is the better GPU overall with higher performance, DLSS 3, and superior power efficiency. The RX 7600 saves $50 for gamers on the tightest budgets. If you can afford the extra $50, the RTX 4060 is worth it.