ABS: Rental growth lowest since 1994

Wednesday, 27 July 2016

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

According to the ABS, rents nationally grew by only 0.2% over the June quarter of 2016 and by 0.7% over the year – the lowest annual growth rate since December 1994 – with a clear downwards trend evident (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.