Australian Property

ABS: Rental growth lowest in 22-years

Leith van Onselen
Wednesday 25 January 2017
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By Leith van Onselen

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

According to the ABS, rents nationally grew by just 0.1% over the December quarter of 2016 and by only 0.6% over the year – the lowest annual growth rate since December 1994 (see below charts).

ScreenHunter_17116 Jan. 25 13.07 ScreenHunter_17117 Jan. 25 13.07

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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.