SQM rental vacancy rates kaboom!

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…

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Whither the Global Tourism Hub

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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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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