Month: January 2018

Then came January

Cairns Aero rainfall for January has demolished the monthly average: In a way this feels a bit strange as it doesn’t really feel like a severe wet season with hesitant monsoonal systems in the Coral Sea. This has also returned the moving annual rainfall back to average for Cairns Aero which has been rare in…

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Queensland’s flaccid regions

Conus: Regional Building Approvals data shows the regions trailing off Conus Trend approvals in Greater Brisbane for Nov stood at 2,008 (unchanged from Oct) and up 17.7% from the same time a year ago. In the Rest of Queensland the story was very different with Trend approvals at 1,334 (down from 1,376 in Oct), down…

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Over & out Auckland

AFR: Auckland International Airport finds buyer for Cairns Airport stake The deal values Cairns Airport’s equity at $NZ1.51 billion ($1.38 billion), which is about 20-times forecast profit based on earnings forecast estimates by Kiwi stockbroker Forsyth Barr. As Street Talk reported last week, Auckland International Airport has had First NZ/Credit Suisse marketing its stake recently,…

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Entertainment in the City

Bates wants Courthouse Hotel reopened as a pub Cairns Regional Council bought the heritage-listed former law court and pub for $5.75 million in late-2016 with plans to transform it into the centrepiece of a world-class arts precinct. Those moves are still underway, and it took about six months for the sale to be finalised, but…

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