Rental market proves a headache for tenants and RBA

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Cotality’s March housing report has been released, showing that Australia’s rental crisis is deteriorating at an accelerating pace amid strengthening demand.

Monthly advertised rental growth has held steady at 0.7% over the past two months, taking quarterly growth to 2.1%, the largest increase since May 2024.

Over the year to March 2026, advertised rents rose by 5.7%, the largest annual increase since October 2024:

Australian advertised rents
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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.