The Australian Bureau of Statistics today released the Consumer
Price Index figures for the March 2015 quarter (for the period 1
January to 31 March 2015).
Both landlords and tenants may wish to:
- check their leases to see whether a CPI rent review is due
using the March 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 March 2015
quarter is 106.7. There has been no increase from the December 2014
quarter, which also had a value of 106.7. The March 2014 quarter
had a value of 105.2, so the new index represents an increase of
1.4% over the corresponding quarter for the previous year.
