Aussie rental growth strongest in 12 years

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:

National rental growth

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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