ABS rental growth detaches from reality

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The Australian Bureau of Statistics (ABS) yesterday released consumer price index (CPI) data for the September quarter of 2021, which revealed that property rents across the combined capital cities are experiencing anaemic growth.

Property rents rose only 0.2% of the quarter:

Over the year to September 2021, rents rose only 0.4%:

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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.