The pace of rental growth dipped to 0.6 per cent at the end of 2017, the slowest pace of growth since 1993.
These figures are in the ABS Consumer Price Index for the December quarter just released.
Families welcome deceleration in rents. It’s helped by all the new homes in the last years. Domestic and foreign investors have helped deliver the extra supply.
The rate of rental inflation is below overall inflation which rose to 1.9 per cent during that quarter. It was also lower than the increase in general housing costs, which grew by 3.4 per cent over the year – due to electricity costs rising by 12.4 per cent.
- Housing Industry Association: hia.com.au