November Pokies

November EGM pokies numbers continue to slide back towards reality: This is monthly growth on the previous year since venues reopened. Cairns and Townsville LGA council areas have reverted back towards the Queensland average but there are still some surprising numbers in the region outside the city. Cairns Region in the graph represents Cairns SA4…

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October Building Approvals

Having neglected building approvals data for some time my files are in a mess but data here supports the prevailing narrative with a covid policy induced jump in house approvals. Regional trend analysis at Conus: Far North bucks the regional building approvals trend Browsing through the data not sure the south side resurgence in land sales…

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JobKeeper boosts Casino

Reef Casino (RCT) have made their preliminary distribution estimate for the current half and updated operating results for the year. With just under 4 weeks’ trading to go before the end of the financial year, our current estimate of the distributable profit* for the second half year 2020 is approximately $8.5 million, compared to 2019’s…

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CairnsWatch Watch

There are two graphs of particular interest in the most recent HTW CairnsWatch. Vacant land commentary: The median trend price for vacant land has lowered of late only because burgeoning land sales in the Southern Corridor, brought on by increased HomeBuilder grants, are cheaper than the Cairns average, not because of reducing land values. This…

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JobSeeker Analyses #1

Previous post: 22,660 Dole Bludgers? I will come back to this next and look at the JobSeeker numbers and why the supplement has actually disproportionately boosted Cairns and consequently why current media comments from the business community are just graceless nonsense. This is NewStart/JobSeeker +Youth Allowance (other) recipients as a percentage of 15-64 population by…

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22,660 Dole Bludgers?

Cairns Post($) have jumped onboard: Cairns jobs: Frustration over numbers on JobSeeker An influx of jobs is becoming available across FNQ as businesses rebuild from a challenging year, but a lack of interest from those “enjoying” government subsidies is sparking frustration. Inclusive of the usual anecdotal commentary from self-serving business leaders as well as numbers…

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Vacancy rates all about Houses

SQM vacancy rates for October with commentary from Louis Christopher: Rental vacancy rates continue to remain elevated in our larger capital cities. While regional locations are still recording near zero rental vacancies. I believe the ongoing phenomenon, which started on the outset of Covid-19 lockdowns will in part reverse out once Coronavirus is behind us.…

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JobSeekers October

JobSeeker numbers for October raise some issues that go back to misinterpretations following the initial posting on this series from DSS in March: JobSeekers aint “job seekers” As support through this facility is pulled back and conditions returned it becomes opaque to what extent it represents changes in the labour market. Jobseeker numbers are falling and…

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Unrecessionary Insolvencies

Australian Financial Security Authority post quarterly SA3 regional statistics on personal insolvency. This is new insolvencies registered during the quarter: Small numbers can make this data patchy in less populous regions so I have stuck to the two Cairns urban area SA3. This pretty much follows the Queensland trend which had been declining since 2018…

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