ABS: Australian rents fall to all-time low

Friday, 26 April 2019

The March quarter consumer price index (CPI) data, released on Wednesday by the Australian Bureau of Statistics (ABS), revealed that Australian rental growth remains stuck in the gutter, posting the equal lowest annual growth in the series’ 45-year history.

According to the ABS, rents nationally registered just 0.1% growth in the March quarter and grew by just 0.4% over the year:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.