Tenants Face Biggest Rent Hike in 35 Years

Tenants Face Biggest Rent Hike in 35 Years
A signboard of a property for sale in Waverton in Sydney, Australia, on May 5, 2022. Brendon Thorne/Getty Images
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Rents are growing at their fastest pace in decades, and the super-competitive market is likely to keep tightening the screws on tenants.

The consumer price index recorded a robust 2.5 percent pick up in rents over the three months to June—the sharpest quarterly jump since 1988.