Australian rental growth stuck at record low

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CoreLogic has released its monthly housing chart pack, which includes the following graphic showing that rental growth nationally is stuck at its lowest level on record:

As shown above, rents across the combined capitals fell by 0.1% in the year to June, driven by a hefty 2.7% decline across Sydney.

The below table shows the breakdown on a monthly, quarterly and annual basis:

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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.