The Greens should lobby for an immigration freeze

Thursday, 26 October 2023

Wednesday’s CPI Inflation report from the Australian Bureau of Statistics (ABS) reported that Australian residential rents grew by 2.2% over the September quarter to be 7.6% higher year-on-year:

Rents would have risen by 2.5% over the quarter if not for changes to Commonwealth Rental Assistance (CRA), which increased rent assistance by 15% and assists around 1 million households.

The next ABS chart shows that rental inflation is especially strong in Brisbane (9.5%) and Sydney (8.6%):

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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.