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Australian tenants have suffered immensely over the past five years, with rents growing nearly three times as fast as wages, according to Cotality.
Source: Cotality
In the five years to February 2026, advertised rents have risen by 42% nationally, adding around $10,600 to the annual cost of renting the median home.
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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.