Advertisement
CoreLogic has released new data showing that annual rental growth across Australia is stuck at a historically low 0.4% nationally, with rents across the combined capitals actually falling by 0.1% in the year to May:
As shown above, Sydney (-2.9%) and Darwin (-5.2%) were the main drivers of the falling growth across the combined capitals.
The data accords with the ABS’ rental series, which also recorded historically low 0.4% growth in the year to March:
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.