CPI PUTS RENT & INTEREST RATE INCREASE IN PERSPECTIVE: REIA

July 28th,2021

The June 2021 quarter CPI figures show that the rental market continued its recovery from the impact of the COVID pandemic in all but the two largest capital cities, Real Estate Institute of Australia (REIA) said.

REIA President, Adrian Kelly said the capital city weighted average showed that rents increased marginally by 0.1 per cent for the June quarter with an annual drop of 1.3 per cent. Sydney and Melbourne had falls of 0.6 per cent and 0.5 per cent respectively for June.