ABS: Property rents climb out of gutter

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The Australian Bureau of Statistics (ABS) yesterday released consumer price index (CPI) data for the June quarter of 2021, which revealed that property rents across the combined capital cities fell sharply over the prior 12 months.

While property rents rose 0.1% of the quarter:

Quarterly rents

Rents rose 0.1% in Q2.

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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.