Why rental growth just keeps on falling

Wednesday, 23 July 2014

The June quarter consumer price index (CPI) data, released today by the Australian Bureau of Statistics (ABS), revealed a continued moderation of rental growth at the national capital city level.

According to the ABS, rents nationally grew by 0.6% over the June quarter of 2014 – down slightly on the 0.7% growth recorded in March – but moderated to 2.4% growth in the year to June – the lowest annual growth recorded since December 2005 (see below charts).

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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.