ABS: Real Australian rents have been falling for 6 years

Thursday, 26 April 2018

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

According to the ABS, rents nationally grew by 0.8% in the year to March, 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.