Rent smashed younger Aussies slash Christmas spending

Tuesday 17 December 2024

I noted last week how Australian tenants have experienced a sharp decline in their living standards in recent years.

According to Domain, national median house rents rose by $180, or 38%, from $470 to $650 between September 2021 and September 2024.

Over the same period, national median unit rents rose by $210, or 50%, from $420 to $630.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.