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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
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
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
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
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
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
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
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
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
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
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series