Landlords not to blame for high rents, RBA finds
Landlords are a negligible factor in high rents according to RBA analysis that coincided with the release of strong employment figures that are propping interest rates up.
Tenants' household budgets are being consumed by high rent prices but landlords are not the ones behind these hikes. (Image source: Shutterstock.com)
The notion that landlords pass their increased borrowing costs onto renters has been dispelled by the Reserve Bank of Australia (RBA).
Interest rates and rents often move in tandem but the RBA report released Thursday (17 October) concludes that the cause and correlation are not as entwined as many would expect.
While there was some link between interest rates and rent increases, it was very small the report authored by Declan Twohig, from the …
