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ARTICLE · 03 MAY 2016

March 2016 quarter CPI figures released

HopgoodGanim
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In this quarterly Alert, Meryl Snow and Craig Willey highlight the key areas of interest for landlords and tenants.

AustraliaReal Estate and Construction
Meryl Snow
Meryl Snow
Craig Willey
Craig Willey
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The Australian Bureau of Statistics today released the Consumer Price Index figures for the March 2016 quarter (for the period 1 January 2016 to 31 March 2016).

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 2016 quarter is 108.5. This represents no increase from the December 2015 quarter, which also had a value of 108.5. The March 2015 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.

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