The June quarter consumer price index (CPI) data, released today by the Australian Bureau of Statistics (ABS), revealed continued weak rental growth at the national capital city level.
According to the ABS, rents nationally grew by 0.4% over the June quarter of 2014 – the equal lowest quarterly growth since March 2005 – and was up by only 1.9% over the year – the lowest annual growth rate since September 2003 – with a clear downwards trend evident (see below charts).