Cairns Trend unemployment at 4.5% after 12 months of employment growth

The run of positive months for employment growth in Cairns has now extended to 12 with March adding another 300. The region has now seen an additional 6,000 people employed in the past year and this month we see (for the first time in a while) that the bulk of …read more

The changing (and rising) face of real estate in Cairns

In the 5 years from mid-2016 median house prices in Cairns went almost precisely nowhere (units rose by about 5%). However, over the same period median rents for houses and units increased by about 23%, opening up a significant gap between the two metrics. In the almost-three years since then …read more

Cairns Trend unemployment rate 4.6%

Last month we reported a slight decline (-100) in the number of Trend employment in Cairns after a run of nine positive months. This month we have seen that decline revised away and we see an additional 600 added to Trend employment and the run of positive months extended to …read more

Cairns and Townsville Trend employment report

For the fifth consecutive month Trend employment in Cairns lifted again in August (+600), although we remain 2.1% down from a year ago. The growth was split between full-time and part-time employment, although full-time employment is still down for the year. Once again most of the full-time gains came from …read more

Trend unemployment rate in Cairns drops to just 3.0%

A move lower in participation over recent months, combined with some healthy employment growth, has seen the Trend unemployment rate in Cairns move lower and hit a record low of just 3.0%. Even with this move down in participation, the labour market still looks very strong. Growth in Female participation …read more

Cairns adds to Trend employment again. Unemployment rate at just 4.8%

The July ABS Labour Force data released this morning allows us to update the Conus/CBC Staff Selection Regional Employment Trend data for all of Queensland’s regions. Despite the (seasonally adjusted) employment data at the State level showing a decline in employment of 6,200 for the month, Cairns managed to record …read more

Cairns Trend employment up but unemployment rate also lifts as participation soars

The Conus/CBC Staff Selection Trend data for June shows employment in Cairns lifted to another new record high with an additional 500 people in work since last month. The annual increase is now 10,800, or 8.3%. However, despite the lift in the number employed a jump in participation to another …read more

Domestic Tourism in TNQ hits new highs

Today’s release by Tourism Research Australia of the National Visitor Survey for the year to March 2022 confirms what those living up here have known for some time (and we’ve been writing about for the past two years); domestic tourism in the Far North has been going gangbusters! Domestic tourism …read more

Despite rental shortages Census shows unoccupied properties up sharply in Cassowary Coast and Port Douglas

We’ve heard, and written, plenty about the shortage of rental properties in the Far North. The rental vacancy rate in the Cairns region currently sits at a record low 0.5% and rents on houses and units are up 15-18% for the year. Nevertheless, the 2021 Census shows a sharp increase …read more

First look at the 2021 Census shows Cairns-North was the standout area for growth

The ABS has started its staged release of 2021 Census data this morning; we will see further releases throughout the rest of this year and into early 2023. There is, obviously, an enormous range of data available from the Census so this first look we have focused on just two …read more

© Conus Business Consultancy Services 2024

Website created by RJ New Designs