Chanticleer
Why this housing data should give Michele Bullock a ‘dull headache’
Rental growth is running hard and vacancy rates are falling again. That adds to the housing worries of the new RBA governor.
The year-on-year increases in rents in Domain’s quarterly review of the national housing market are a solemn reminder just how expensive it is to put a roof over your family’s head.
While headline unit rents across the combined capital cities soared a staggering 23.7 per cent year-on-year in the September quarter, and house rents jumped 13.2 per cent, these averages don’t capture the localised pain points.
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