Queensland on Top?

Taylor Fry have developed a Covid-19 Financial Impact Index with an interactive map which appears to show Queensland as the outstanding performer of the states (ex NT) on their most recent data to June 13:

Covid Index 1

This has attracted some media interest:  ‘Middle-class disaster’: Inner-city professionals take biggest financial hit from COVID

Middle-class professionals in inner-city suburbs face the highest financial impact from the coronavirus pandemic as government stimulus payments do not cover the losses faced by salary cuts and reduced working hours.

Red indicates the most affected populations by job losses and money to spend on discretionary items. Green indicates suburbs where losses have been adequately buffered by federal government stimulus.

Erskineville is the only suburb in Sydney marked in deep red despite having 20 per cent fewer unemployed residents than the state’s average, with many working in engineering, tertiary education and advertising.

This has attracted some cynical responses with the median 3br house price in Erskineville above $1.5 million. This is again postcode data. The only deep red blips along the Queensland coast are concentrated at Port Douglas, Airlie-Whitsunday and Moreton Bay islands. Cairns 4870 is towards the middle of the high impact range.

Also noted was a previous post at ABC with irony of financial stress at GP practices during a health crisis: Coronavirus pandemic leaves hundreds of medical practices on verge of collapse

Previous post on the Taylor Fry Jobkeeper series: Seeking Relevant JobKeeper Data. Detail around the methodology of this latest series is a bit opaque and most recent data is to June 13 (which correlates with release of ABS weekly payrolls) so I think I will retain a degree of scepticism around the value of this data and media reports.


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