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The official data for jobs in Feb shows 15,600 new jobs and a headline unemployment rate that has fallen to 6.3%. While the jobs number was slightly higher than expected, data for both Dec and Jan were revised down a total of 5,200 so the net result was in reality …read more
After the stellar performance of the January Building Approvals data in QLD (see commentary here) last week it is pleasing to see the improving trend reflected in the regional data for the Far North released by the ABS today. The raw unadjusted data shows approvals in Cairns at 60 (63 when we …read more
The December quarter 2014 National Visitor Survey from Tourism Research Australia (available here) shows overnight domestic visitor numbers were up 7.4% nationally to 81.436 million for the year to Dec 2014. The increase was led by Victoria where visitor numbers were up 11%. Total expenditure rose 5.7%. However, the result for …read more
The IGR released yesterday (available here) demonstrates clearly, if rather politically, that the country faces a number of significant challenges over coming decades. One of the main being the fact that our future population will be living a lot longer and therefore putting an every greater burden on retirement savings. It would seem obvious …read more
The ABS has been having issues with the reporting of short term overseas arrivals and departures (OAD) data since the Sept 2014 released back in November last year. The problem has been caused “due to passenger card processing issues as announced by the Department of Immigration and Border Protection (DIBP).” Earlier this …read more
The March edition of The CONUS Quarterly is now available for free download. In this issue we look at today’s Q4 GDP data, what’s been going on with the A$ recently and cast our eyes over what new Treasurer, Curtis Pitt, has facing him in the Queensland economy. If you …read more
Today’s release of the fourth quarter 2014 GDP data has come in broadly in line with market expectations. Quarterly growth was +0.5% for an annual increase of 2.5%. This compares with +0.4% q/q in Q3 (revised up from +0.3%) and +2.7% ann. The main drivers of growth were net exports (largely on the back of weaker imports) which added 0.7ppts …read more
The 2015 Property Market Movement Report from the Valuer-General shows residential land values in Cairns have increased by an average 12.9%, the Cassowary Coast sees values slip by 3.9% while Townsville remained static. The land values created by the Report are used by Councils in the determination of rates payable. In Cairns …read more
Today’s release of Building Approvals in January has surprised the markets with a seasonally adjusted 7.9% increase (against expectations of a 1.8% decline). In addition previous months have been revised sharply higher. The seasonally adjusted annual growth figure is now 9.1%, slightly weaker than the 9.6% rate of Dec (although this was revised …read more
Today sees the release of the Herron Todd White Cairns Watch report for February. In it we see that HTW are estimating Jan Trend unemployment in Cairns at 8.6%. The headline ABS unadjusted rate was 8.1% and our own Conus Trend came in at 7.5%. As we’ve discussed previously, there …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series