Labour Day

I can’t help it. I heard it on the radio. Unions in Qld have demanded that Canberra consider pro-employment policies today. Retail trade in Qld is effectively shut for the day. Have they thought about this?

Read more Labour Day

Tourism Satellite Accounts

Tourism Satellite Accounts 2014-2015 were released this week. Key results: Direct tourism GDP increased 5.3 per cent (or $2.4 billion) to $47.5 billion. Over the same period, the Australian economy grew at a slower rate (up 1.6 per cent). Tourism’s share of total GDP increased strongly to 3.0 per cent. Domestic tourism GDP increased 4.1 per cent (or $1.4 billion) to $34.2 billion, with…

Read more Tourism Satellite Accounts

Cairns Hospital scores for efficiency

The MyHospitals website has today posted a new report and data on Hospital Performance: Costs of acute admitted patients in public hospitals from 2011–12 to 2013–14 The report covers hospitals in the ‘major metropolitan’ and ‘major regional’ categories. Among the ‘major regionals’ Cairns scored better than average with the lowest cost per NWAU (national weighted…

Read more Cairns Hospital scores for efficiency

Airport over the moon in March

A month ago I questioned some CairnsWatch trend passenger growth numbers for Cairns Airport. This month the airport reported numbers for March well in excess of even that trend. International was up a very impressive 36.3% but more significant was domestic up 12.9%. That doesn’t invalidate my comments re the CairnsWatch trend on the numbers available at…

Read more Airport over the moon in March

March Employment Data

Travelling on the road the past week so well behind on project updates here with recent monthly and quarterly data. The March regional employment numbers from ABS were released this week with most interest probably being on the situation in Townsville. Conus: Regional jobs data is a Tale of 2 Cities in the North Queensland Economy Watch:  Robust…

Read more March Employment Data

Land valuations 2016

Such has been my distraction that I missed the release of 2016 land valuations last month. I have included some links to the Valuer-General with info and initial graphs under real estate. The residential median in Cairns was up a solid 9% on last year with valuations across all land categories in the council region…

Read more Land valuations 2016

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