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The latest rental data from CoreLogic shows that rents nationally surged by 9.2% in the year to October, which was the strongest annual growth since before the Global Financial Crisis hit in February 2008:
A new report from JLL warns that demand for rental housing in Australia will exceed supply in the medium-term as state the international border is reopened and mass immigration is resumed.
Leigh Warner of JLL says there has been a lot of focus on housing affordability, but rental affordability is set to become a major issue:
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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.