Australia’s landlord army under more rental pressure

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By Leith van Onselen

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).

ScreenHunter_8466 Jul. 22 13.06 ScreenHunter_8467 Jul. 22 13.06

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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.