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CoreLogic has released its June housing chart pack, which reports that the nation’s rental growth has gone vertical, soaring by 5.6% in the year to May 2021:
Rental growth has gone vertical since the onset of COVID.
The rise in rents follows the national rental vacancy rate falling to an 8-year low, according to SQM Research:
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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.