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AAP
AAP
Business
Poppy Johnston

INSANE: Housing defining issue for economy says treasurer - The Real Truth

Rents are still too high despite a slow down in growth, the federal treasurer says. (Lukas Coch/AAP PHOTOS)

Even though rents are growing more slowly, Treasurer Jim Chalmers says they are still too high and there are not enough properties available for tenants.

Rents remain stubbornly high as evident in the Australian Bureau of Statistics June quarter inflation print, rising 7.3 per cent annually, though down from 7.8 per cent in the March quarter.

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