ABS: Real Australian rents have not grown for 5+ years!

Thursday, 27 July 2017

The June quarter consumer price index (CPI) data, released yesterday 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 just 0.2% over the June quarter of 2016 and by only 0.6% over the year – the equal lowest annual growth rate since December 1994 (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.