Australian asking rents vs wage growth
When rent growth outpaces wages, household budgets squeeze. 2022 to 2024 was the worst stretch on record.
Series in this chart
- Rent YoY
/v1/abs/rent-cpi - WPI YoY
/v1/abs/wpi
Code that produces this
cURL
curl https://api.ausdata.io/v1/housing/rents-vs-wages \
-H "Authorization: Bearer YOUR_KEY"Methodology
Rent component of CPI vs WPI, quarterly.
Takeaways
- Rent CPI hit double digits in some capitals.
- WPI never caught up over the same period.