Rents rise at fastest rate in 14 years across Australia

Landlords seeking to recoup rising borrowing costs, more households being formed and fewer homes being built, experts say

Rents have risen at the fastest rate for 14 years as Australia's landlords seek to recoup costs in the face of rising interest rates and higher inflation.

According research firm CoreLogic's quarterly rental review, the national rental index increased 0.9% in the month to June and 2.9% over the June quarter.