The Australian Bureau of Statistics has today released the
Consumer Price Index figures for the March 2014 quarter (for the
period January to March 2014).
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.
In this Alert, Partner Meryl Snow and Solicitor Justin Raiteri
highlight the key areas of interest for landlords.
Key areas of interest
Brisbane
The new All Groups Index number for Brisbane for the March
quarter is 105.2. This is an increase of 0.6 percent (or 0.6 index
points) from the December 2013 quarter, which had a value of 104.6.
The March 2013 quarter had an adjusted value of 102.0, so the new
index represents an increase of 3.1 percent over the corresponding
quarter for the previous year.
