Reports today of the death of economic historian Ian McLean. There is a hard copy edition of McLean’s book ‘Why Australia Prospered’ in the City branch of Cairns Library, in excellent condition. Insightful, relevant and highly recommended. There is a good review from Andrew Leigh (MP) which also touches on a counterfactual from McLean…
Amidst the turmoil population data could be something to watch. Initial pandemic discourse, in conjunction with international closures and interstate lockdowns, featured migration and population as a significant concern. Not so much now with employment and JobKeeper errors dominating the headlines. So a quick look at AEC enrolment statistics: The chart here is percentage point…
This is a question I had been meaning to look at with the ABS arrivals and departures data. The ongoing Dransfield Hotel series has had a go at this from the perspective of hotel visitor nights: impact of extended closure of international borders There are many assumptions in this analysis and Dransfield tends to the…
Cairns Regional Council has commissioned a report from .id Consultancy Pty Ltd It’s an interesting and probably useful report for lobbying Brisbane and Canberra but what caught my attention was this table: Yes, nobody would have suspected that Cairns would top the list of larger cities *insert sarcasm font here* with tourism the most affected…
DSS have released data for Jobseeker and Youth Allowance recipients following the transfer from Newstart to Jobseeker in March. This provides data for March and April presented as a percentage increase by State: There are too many complexities with JobKeeper, JobSeeker, etc currently to really make sense of employment data. However, It could come as…
Cairns residential real estate commentary went missing last month but has returned in the latest national Covid edition from valuer Herron Todd White: Market evidence is mainly anecdotal at this stage, however in summary: ◗ Many sale contracts which were conditional during March fell over as purchasers pulled out due to overwhelming uncertainty; ◗ Most…
SQM Research have updated their free rental vacancy data for April. As much data turns to mush I still think rentals may be one of the better indicators reflective of factors such as the labour market, tourism and population movements. As well as underlying building supply fundamentals but we also know growth in new stock…
Comment on the prospect of a Trans-Tasman travel bubble has often included that NZ has more to gain. That may be so, but the reasons NZ has more to gain turn out to be the same reasons Queensland may have more to gain among Australian states. VFR (visiting friends & relatives) is also a significant…
I have always found the annual Dransfield Hotel Futures report interesting which features a section on Cairns and Port Douglas. However, this year in response to events they have gone for a staggered approach with an initial release for Sydney and Melbourne. There is though general introductory comment on demand, supply and rates with background data…
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