In this interview with Luke Grant from Radio 2GB, I discuss the latest disastrous rental and construction data, which suggests that Australia’s rental crisis will worsen.
I also discuss the latest polling showing that Australians categorically reject Big Australia immigration.
Edited Transcript:
Domain released its March quarter rental report, and the combined capital city house rents surged by 5% in the March quarter, the largest quarterly increase in 17 years and the second highest on record.
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Source: Domain
For those who want a unit, rents rose for a record 11th straight quarter by 3.3%:
Source: Domain
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It is the same problem: too much population demand, not enough supply:
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.