ABS: Rental growth hits 20-year low

Wednesday 28 October 2015

The September 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 0.3% over the September quarter of 2014 – the lowest quarterly growth since March 2003 – and were up by only 1.5% over the year – the lowest annual growth rate since June 1995 – 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.