Annual rent rises were the lowest in almost three years, but still exceeded inflation, which is on the rise again in the latest Australian Bureau of Statistics (ABS).
ABS Head of Prices Statistics Michelle Marquardt said the monthly Consumer Price Index (CPI) indicator rose 2.8 percent in the 12 months to July.
Ms Marquardt said over those 12 months rents rose 3.9 percent, following a 4.2 percent rise in the 12 months to June.
“This is the lowest annual growth in rental prices since November 2022, consistent with stable vacancy rates across most capital cities,” she said.
Ms Marquardt said the overall 2.8 percent annual CPI inflation to July was up from 1.9 percent to June.
“This is the highest annual inflation rate since July 2024, following several months of easing inflation.”
She said the largest contributors to this rise were Housing (+3.6 percent), Food and non-alcoholic beverages (+3.0 percent), and Alcohol and tobacco (+6.5 percent).
“Annual trimmed mean inflation was 2.7 percent to July 2025. This was up from 2.1 percent inflation to June and similar to the rate that we saw three months ago.”
Ms Marquardt said the CPI excluding volatile items and holiday travel measure rose 3.2 percent in the 12 months to July, compared to a 2.5 percent rise in the 12 months to June.
