The previous LNP government withheld the release of the Environmental Impact Statement on the proposed dredging of Trinity Inlet until after the QLD state elections. Finally we get to see the report (available for download here) and it is clear that the recent Federal moves to ban the dumping of …read more
Last week’s building approvals data for Feb saw a big correction from the stellar Jan figures (see here) so we might have expected things to have eased slightly in the Far North too; in fact that has not been the case. The raw, unadjusted ABS data shows Cairns (incl Douglas) had 71 …read more
Following previous posts and media comment about the seemingly wide divergence between Herron Todd White’s and our own Trend unemployment rates for the Cairns region (see here) it is interesting to note that they have almost converged for the latest Feb data. Yesterday saw HTW produce their Cairns Watch (available …read more
Today saw the release of the annual Regional Population Estimates from the ABS. The ABS produce these numbers at both Local Government, SA2 and State Electoral Division level. The results show the estimated CCRC resident population in 2014 at 28,705 which is a 0.1% increase over 2013. Since 2011 the estimated population has increased by just 0.2% …read more
The Dept of Employment released their December quarter Small Area Labour Market (SALM) data today. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS regional labour market data at SA4 level and the Census labour force data …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 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 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
Following on from our previous post (see here), we have now had time to take a look at the data to determine what has been going on with Cairns youth employment and population data. First we should acknowledge that the data-set which the ABS will be using when looking at …read more
We didn’t have time to look at the youth unemployment data from the ABS on Thursday until today. The headline (and wildly volatile) un-adjusted data for January showed an increase in the unemployment rate of 15-24 year olds at 24.9% (up from 23.9% in Dec), a sharp fall in Participation …read more