Brutal rental market outpacing inflation but glimmer of hope emerges
Inflation might be slowing but rents have grown at more than 7 per cent in the past year, although there are some signs of better days ahead for embattled renters.
Renters who have managed to clear the rental bar set at record levels will be hoping for a soft landing pad in in 2024. (Image source: Shutterstock.com)
Rents are still rising at almost double the pace of inflation in many parts of the country but the days of extreme rent hikes may be receding into the rear view mirror’s distance.
High interest rates have contributed to the record rents seen in most capital cities in 2023 but inflation data released Wednesday (10 January) offers hope that the heat will come off in 2024.
Inflation has climbed down from its peak of 8.4 per cent in late 2022 and d…
