Airport Apocalypse

Cairns Airport has updated their numbers for March which are pretty much as expected with further declines still to come: Cairns Domestic: -39.2%; International -59.9%; Total -42.5%. Comparison with Sydney Airport: Domestic – 43.4%; International -47.9%; Total -45.1%. Sydney has a much higher International proportion. This is a period when it will be difficult to…

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All about Airports

There is inevitably going to be a welter of commentary on economic data in coming months. I think it best to ignore most of this as competing economists attempt to build their Twitter profile. Perhaps someone should do a PhD thesis on that? So, way back in January when the world was only just peeking…

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March Quarter Rental Data

March quarter rental data from the Residential Tenancies Authority mostly continues recent trends. The equivalent quarter last year was the Townsville floods with the conniptions around that now working through. This data is new rental bonds over the period of the quarter so the coronavirus impact will only be the latter period and January is…

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Water, agriculture & avocados

Cummings Economics: Behind Cairns’ Success – Strong Hinterland Progress HTW Month in Review Growers in far north Queensland are adapting to changes in climate and consumer trends in many different ways. The threat of drought and reduced irrigation water allocations and the continued popularity of the avocado has led to change in northern horticultural industries.…

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Value of building approvals

Most interest in building approvals data is generally on the number of residential approvals. Regional Building Approvals; the North doing better than most However there has been a lot of building activity in Cairns in recent years outside that component so a quick look at the total value of all building approvals from ABS. Large…

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Rainfall & Water

Late in the season and while Cyclone Harold has been wreaking havoc out in the Pacific it’s been a rather subdued wet season in FNQ. Annual rainfall at Cairns Aero has dipped below average. While the wet season isn’t yet over it is getting late so perhaps we should  look at the storages. Some issues…

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Seasonality and Covid19

Business Insider: Fauci warned that coronavirus could likely become seasonal I had seen a few twitter references to a relationship between geography, climate and the virus with a quick online search throwing up a preliminary un-peer-reviewed analysis with very early data: Causal empirical estimates suggest COVID-19 transmission rates are highly seasonal Using constructions of expected…

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Rental Canary

Business Insider Australia: The coronavirus’ squeeze on short-term rentals, like Airbnbs, looks set to deliver tenants a major win. The number of new listings has surged in recent weeks, according to Domain figures supplied to Business Insider Australia, as options for renters swell. “Listings on the rental market jumped pretty much in all states and…

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