The Australian Bureau of Statistics has today released the
Consumer Price Index figures for the March 2013 quarter (for the
period January to March 2013).
Landlords may wish to:
- check their leases to see whether a CPI rent review is due this
quarter; 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.
Key areas of interest
The new All Groups Index number for Brisbane for the March
quarter is 102.0. This is an increase of 0.1 percent (or 0.1 index
points) from the December 2012 quarter, which had an adjusted value
of 101.9. The March 2012 quarter had an adjusted value of 99.9, so
the new index represents an increase of 2.1 percent (or 2.1 index
points) over the corresponding quarter for the previous year.
