The Times They Are A Changin’
Tony Abbott (2014): “You can’t fix the economy without fixing the Budget.” Josh Frydenberg (2020): “Only through repairing the economy can we repair the Budget.”
More Jobs Melange
Last week brought us new employment data from the ABS Labour Force Survey *official data* v the Department of Social Services *sort of official* JobSeeker recipients. It is a waste of time even commenting in the ongoing social media debates but will take refuge in a social media twitter post. I think I said the…
More on Pokies
Regional differences by SA4 in the EGM Pokie covid spike: This is growth in metered win/player loss for July + August post re-opening relative to the previous period in 2019. Indicated in red are numbers for All Queensland and also Hotels and Clubs in Queensland. A stark difference between hotels and clubs. Within the Cairns…
SQM August
SQM rental vacancy data for August shows further declines in key Cairns postcodes: 4870 4879 Central Cairns 4870 with around half the rental stock in Cairns remains above previous seasonal levels. Beaches 4879 has now fallen back to previous seasonal lows. Keep in mind that vacancy rates in both these had modestly broken up from…
Extraordinary pokies data
I have updated OLGR pokie graphs neglected since February following the reopening in July: I previously ignored the posting of July numbers because it didn’t look realistic following several months (March – June in red) where data isn’t released. However August seems to confirm the almost unbelievable July numbers. Cairns SA4 was up 49.7% on…
Queensland Enrolment Growth Recovers
AEC have managed to gazette August enrolment data from their bunker in Covid free ACT but haven’t haven’t yet been able to update their own website with file downloads. Anyway, the pattern in enrolment growth is interesting: This is YoY growth in enrolment over the same month the previous year. I will wait until data…
Airport recovery stalls in August
The July recovery in passengers at Cairns Airport stalled in August: Normally, the August number would be below the July peak but things are obviously not normal. We were probably hopeful of something better given the previous commentary from Qantas indicating good numbers and growth on the BNE-CNS route: Intra-State Airport Recovery The net surplus…
Rain & Dams
Timely to update some weather: This is Cairns Aero where the annual rainfall has now nudged down to the lowest total since January 2013 following a weak wet season. Latest update from the BOM is that the current seasonal outlook is looking wetter due to a higher La Nina probability and the Indian Ocean Dipole:…
MILF hotspots in Cairns
ABS last week updated regional employment estimates by age and sex. Once upon a time prominent populist demographer Bernard Salt headlined the Cairns Post with a “man drought” in Cairns. There is a lot to look at in this data particularly related to employment statistics but a quick look at the sex data over the…
Experience & The Value of Alternative Data
Experience Co released FY20 results last week which was predictably in the circumstances a substantial loss of $51.4 million. However, as with Reef Casino last week, a big chunk of this was asset impairments of $35.7 million. Experience comprises a skydive business at locations throughout Australia and New Zealand and a GBR Experiences business in…
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