Rents increased more than six times wages

“ Asking rents for houses rose by more than six times the rate of wages in the March quarter, a comparison of the Australian Bureau of Statistics (ABS) wage price index with Domain rent data showed.

Wages ticked up by 0.8 per cent, while combined capital city asking rents for houses jumped 5 per cent. Meanwhile, unit rents increased by more than four times the rate of wages, growing 3.3 per cent across all capitals for the quarter.”

If only there were some way to lock in your costs of housing in nominal dollars over the long term


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https://www.smh.com.au/property/news...11-p5jkw2.html