February building approvals

ABS February building approvals today for Cairns SA4 was generally more subdued than desirable with the exception of houses at the northern beaches (SA2 Cairns North). Trinity Beach – Smithfield SA2 accounted for a dominant proportion of approvals. Also noted approvals weakness¬†in Port Douglas SA2. Dwelling approvals chart for combined Cairns SA4 has been updated…

Read more February building approvals

Currency complications for RBA

RBA meeting today kept the cash rate unchanged at 2% as expected. However there were some concerns expressed on the recent appreciation of the $AUD in the statement from Governor Glenn. The Australian dollar has appreciated somewhat recently. In part, this reflects some increase in commodity prices, but monetary developments elsewhere in the world have…

Read more Currency complications for RBA

CairnsWatch Watch

The latest monthly HTW CairnsWatch for March was out yesterday. Through the¬†first half of last year I had some problems with the airport trend analysis: Say what?. I have the same problem again although perhaps not as extreme. “…passenger numbers at the domestic terminal (which also include international tourists arriving on domestic flights) have increased…

Read more CairnsWatch Watch