The Australian Bureau of Statistics today released the Consumer
Price Index figures for the December 2014 quarter (for the period 1
October to 31 December 2014).
Both landlords and tenants may wish to:
- check their leases to see whether a CPI rent review is due
using the December quarter CPI; and
- if a rent review is due, apply the correct index number for
that review.
Partner Meryl Snow and Senior Associate Craig Willey highlight
the key areas of interest for landlords and tenants.
Key areas of interest
The new All Groups Index number for Brisbane for the December
2014 quarter is 106.7. This is an increase of approximately 1.9
percent (or 0.2 index points) from the September 2014 quarter,
which had a value of 106.5. The December 2013 quarter had a value
of 104.6, so the new index represents an increase of 2.0% over the
corresponding quarter for the previous year.
