VP Day 75

August 15 2020 is VP Day when Imperial Japan surrendered 75 years ago. FNQ has many historical sites given proximity to the theatre of war in the Pacific. Some years ago when living on the Cairns Esplanade I was stopped by an elderly American woman here for the anniversary of the Coral Sea battle. Her…

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Refugees & Rental Vacancies

SQM have updated rental vacancy rates for July with some surprisingly strong downward moves particularly in the 4879 beaches postcode. Previous issues remain that the implied rental stock derived in the SQM data from the vacancy rate and vacant properties is well above current bonds lodged at RTA by about 6,000 in Cairns: What is…

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Building Approvals FY20

Regional building approvals for June 2020 showed a weak trend: Trend building approvals hit record low in Cairns in June. I think we need to look at this related to trends in population growth: I have taken the liberty here to derive an annual average from the Conus Trend as the most appropriate representation on…

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Payrolls Update

ABS has now updated their Covid Weekly Payrolls series for SA4 regional areas. This regional data had previously only been updated to May 30 prior to easing of lockdowns and borders. The first thing to note is that there have been some significant upward revisions to prior numbers in this new experimental series. The May…

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AirBnB listings decline

Another data source where I can’t vouch for the robustness of the data but was twitter referenced by a prominent and reputable real estate identity: This indicates that active AirBnB properties in Australia may have declined by around 50,000 or 25% so far in 2020. To think only last year Gerry Harvey was radio advertising…

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Taxable income, medians and averages

An unfortunate consequence of the Covid-19 lockdowns was that I decided to take up an introductory $1/week introductory offer for  the Cairns Post. Previously a perusal over coffee provided at a cafe or the local library would suffice. Sadly these became untenable. Today the Cairns Post ran a paywalled yarn: New data reveals the richest…

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Airport June

Cairns Airport numbers for June showed a small blip but remain mostly meaningless until there is a more sustained recovery from lockdowns. Cairns Post has reported commentary from the Airport CEO that “domestic passengers now exceeded 27,000 a week”. That would still be an awfully long way down from the July peak of 424,178 domestic…

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International Students

An issues paper out of Mitchell Institute at Victoria University: International Students Critical To Coronavirus Recovery There is also a post on this at The Conversation with an interactive map: International students make up more than 30% of population in some Australian suburbs I have no idea how robust this data is. The scaling on this…

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