Afternoon Update: rental price pain worse than GFC; calls for Qantas fines; and India employs people to make monkey sounds

Annual rent increases in Australia topped 10% in late 2022 and early 2023, Corelogic says. Photograph: Blake Sharp-Wiggins/The Guardian

Good afternoon. The data is in and rents across Australia have risen at the fastest rate in at least 15 years. That’s according to Corelogic’s Rental Value index. Annual rent increases topped 10% in late 2022 and early 2023 – the highest increase since 2007 during the global financial crisis.

However, renters are feeling it more this time around because the proportion of household income spent on housing is now 55% higher than it was in June 2005.