The Australian Bureau of Statistics today released the Consumer
Price Index figures for the June 2015 quarter (for the period 1
April 2015 to 30 June 2015).
Both landlords and tenants may wish to:
- check their leases to see whether a CPI rent review is due
using the June quarter CPI; and
- if a rent review is due, apply the correct index number for
that review.
In this Alert, 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 June 2015
quarter is 107.4. This represents a increase of 0.65 percent (or
0.7 index points) from the March 2015 quarter, which had a value of
106.7. The June 2014 quarter had a value of 105.8, so the new index
represents an increase of 1.5% over the corresponding quarter for
the previous year.
