The Australian Bureau of Statistics today released the Consumer
Price Index figures for the September 2015 quarter (for the period
1 July 2015 to 30 September 2015).
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.
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
2015 quarter is 108.1. This represents an increase of 0.65 percent
(or 0.7 index points) from the June 2015 quarter, which had a value
of 107.4. The September 2014 quarter had a value of 106.5, so the
new index represents an increase of 1.5% over the corresponding
quarter for the previous year.
