Month: July 2017

No pink in excel graphs

ABS regional labour force data continues to be positive for Cairns: Regional jobs data shows Cairns powering ahead We know how dangerously volatile the regional data can be. Despite issues with the sample I have always liked to look at the male v female comparison: This is a 12 month average. Female volatility over time is…

Read more No pink in excel graphs

Game of Mates

It may have escaped the notice of some that the 60 Minutes program has recently featured a story on the collapse of CEC back in 2011. In typically sensationalist style this paints Roy Lavis as a battler victim of the bank. The story was apparently based on a leaked report. The Australian Financial Review has…

Read more Game of Mates

Back to school for Airport

Cairns Airport posted negative domestic monthly growth (-0.4%) in June. Continuing international growth (10.4%) dragged the total back into positive territory with 0.9% growth over June 2016. This has been attributed to school holidays: June passenger numbers were slightly lower due to the 2017 school holidays starting one week later than 2016 in Queensland and…

Read more Back to school for Airport

June Rental Trends

RTA data for the June quarter continues recent trends with the rental gap between Cairns and Townsville increasing to $90/week for 3 bedroom houses based on new bonds lodged during the quarter. 3 bedroom houses are the largest overlapping category. 4 bedroom houses are not far behind any longer but the trend there is the same…

Read more June Rental Trends

Nova City valuations

It is now more than two years since local media speculation that Aspial would start construction of the Nova City project on Spence St before July 1 2015 to qualify for development incentives. The marketing building was constructed in 2015. Two years hence while there have been operational works on the site and reports of…

Read more Nova City valuations

Oh deary me!

Smithfield business owner welcomes bypass. Albeit somewhat conditional apparently: “Anything that takes traffic away from driving past the shopping centre is not good for the shopping centre, as far as I’m concerned,” he said. Interesting the way this yarn is framed differently by the Compost in different spaces such as social media but perhaps Bastiat summarised…

Read more Oh deary me!

Cairns swings against a trend

With the relationship between housing affordability and avocado toast a topic du jour an increased trend to renting was noted in the census data. Cairns appears to have gone the other way albeit remains relatively high based on the proportion of renters. This is broader SA4 regional data and while Townsville has moved ahead of…

Read more Cairns swings against a trend