Some rental contracts are probably still being affected by discounts offered earlier in the pandemic. In addition, the subdued level of rents was likely one of the factors that induced the decline in average household size I mentioned earlier.
Graph 12  Rental Market Indicators  %  Rental and bond yields  6  Rental yield  4  % 6 4  10-year real AGS yield  2  2  0  0  index  index  Rents  March 2008 = 100  140  140  CPI  120  120  Advertised  100  100  80  80 2022  2010  2014  2018  Sources: ABS; CoreLogic; RBA; Yieldbroker  There is, however, some suggestion that rents could be on the rise.