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ARTICLE · 05 NOVEMBER 2014

September 2014 quarter CPI figures released

HopgoodGanim
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The ABS released the Consumer Price Index figures for the September 2014 quarter (for the period June to September 2014).

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 September 2014 quarter (for the period 1 July to 30 September 2014).

Both landlords and tenants may wish to:

  • check their leases to see whether a CPI rent review is due using the September 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 September 2014 quarter is 106.5. This is an increase of approximately 0.7 percent (or 0.7 index points) from the June 2014 quarter, which had a value of 105.8. The September 2013 quarter had a value of 103.8, so the new index represents an increase of 2.6 percent over the corresponding quarter for the previous year.

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