The Australian Bureau of Statistics today released the Consumer
Price Index figures for the December 2015 quarter (for the period 1
October 2015 to 31 December 2015).
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 highlights the key areas of interest for
landlords and tenants.
Key areas of interest
The new All Groups Index number for Brisbane for the December
2015 quarter is 108.5. This represents an increase of 0.4
percent (or 0.4 index points) from the September 2015 quarter,
which had a value of 108.1. The December 2014 quarter had a value
of 106.7, so the new index represents an increase of 1.7 % over the
corresponding quarter for the previous year.
