The Australian Bureau of Statistics has today released the
Consumer Price Index figures for the September 2012 quarter (for
the period July to September 2012).
Landlords may wish to:
check their leases to see whether a CPI rent review is due this
if a rent review is due, apply the correct index number for
Partner Meryl Snow and trainee solicitor Nicholas Hew highlight
the key areas of interest for landlords.
Key areas of interest
From the September quarter 2012, the index numbers for each
index series have been reset to 100 for the financial year 2011 -
2012. While period-to-period percentage changes may differ slightly
to those previously published due to rounding and re-referencing,
the differences do not constitute a revision.
The new All Groups Index number for Brisbane for the September
quarter is 101.6. This is an increase of 1.1 percent (or 1.1 index
points) from the June 2012 quarter, which had an adjusted value of
100.5. The September 2011 quarter had an adjusted value of 99.9, so
the new index represents an increase of 1.7 percent (or 1.7 index
points) over the corresponding quarter for the previous year.
At the All Groups level, the CPI rose in all capital cities
during the September 2012 quarter. Sydney and Adelaide recorded the
largest increases (1.7 percent and 1.5 percent respectively). The
remaining capital cities recorded increases of between 0.7 and 1.3
The housing group was the most significant positive contributor
to the All Groups quarterly movement, recording increases in all
capital cities. Adelaide (4.6 percent) recorded the largest
increase in the housing group. The most significant factor
contributing to the increase in the housing group was
The second largest positive contributor to the All Groups
quarterly movement was the food and alcoholic beverages group.
Brisbane recorded the second highest increase in this group (2.0
percent), with Sydney recording the largest positive movement (2.7
The Council announced planning policies to encourage more inner suburban retirement village and aged care development.
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