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CoreLogic has released rental data for July, which shows that rental growth nationally is running at its fastest pace since 2008, up 7.7% year-on-year.
However, rental growth is two-speed, with the smaller capitals generally experiencing faster growth than the bigger capitals, and detached houses experiencing much faster growth than apartments:
Rapid growth in house rents, with the exception of Melbourne.
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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.