ABS: Real Australian rents have not grown for 6 years!

Thursday, 1 February 2018

The December quarter consumer price index (CPI) data, released yesterday by the Australian Bureau of Statistics (ABS), revealed that annual rental growth at the national capital city level has rebounded from 23-year lows.

According to the ABS, rents nationally grew by just 0.3% over the December quarter and by 0.7% over the year – up from September’s 23-year low annual growth of 0.5%:

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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.