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Australian tenants have experienced the most severe rental cost inflation in living memory.
According to Cotality, national advertised rents have increased by more than 50% since the end of 2019, adding more than $12,500 to the annual cost of renting for the typical tenant:
Advertised rents nationally grew by 5.9% in the year to July – nearly double the pace of wage growth – while vacancy rates remained at historically low levels:
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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.
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