Despite some inevitable media frenzy surrounding the announcement of the Disney film Pirates of the Caribbean 5 being shot in Queensland there are many who are less than impressed by the incentives which the Federal and State Governments have offered to make this a reality. Gene Tunny over at Queensland …read more
The recently released Productivity Commission draft report on Natural Disaster Funding (available here) should be, and no doubt already is, of great concern to State and Local Governments. Under the present Natural Disaster Relief and Recovery Arrangements (NDRRA) the Federal Government meets up to 75% of the cost of disaster …read more
Data released this morning shows Building Approvals nationwide rose by a seasonally adjusted 3% in August (against expectations of a 1% rise). This takes the annual growth rate to 14.5% (up from 9.6% in July). However, the increase was all due to volatile unit approvals while house approvals actually fell …read more
The Retail Trade data for August has come in a good deal weaker than the market had been expecting. Seasonally adjusted figures show just a 0.1% increase (against expectations of 0.4% growth), while the Trend data shows 0.2% growth (unchanged for the past 3 months). However, the story in Queensland …read more
Data released this morning by the ABS shows that in the first quarter of 2014 the population growth rate in Queensland fell below the national average. Total Queensland population increased by 1.6% from the previous year to 4,708,510. The nation as a whole saw growth of 1.7% to 23,425,741. The …read more
There is a well held belief that if the Aussie $ continues to weaken that we will see direct positive flow-through into the tourism industry. It’s a belief that is founded on some sound, and apparently reasonable, assumptions based on the fact that as the A$ falls travel for non-A$ …read more
Some interesting work done by Mark Beath at Loose Change (see his post here) got me thinking about the need for reliable Trend series data for the Participation Rates of all the Queensland Regions (we have previously been calculating these only for Cairns and Townsville). As a result we have …read more
We were asked earlier today, regarding our Cairns Trend employment data, why our figures seemed so different to those from the Queensland Government’s own labour force data (see here). The Queensland Government Statistical Office data shows Cairns employment at 110,000 in Aug 2014, down from 117,000 a year earlier. Our own …read more
After the bizarre jobs data last week (see here for commentary) it is worth remembering that on a Trend basis Queensland saw the unemployment rate tick up to 6.7% from 6.6%. Fortunately the story in the Far North is looking better than that, with yet another month of improvement in …read more
Loose Change yesterday noted the release of the “report card” from the recent DestinationQ forum (see here for the press release). As he points out the claim of the tourism industry in Queensland having “grown by $3.5 bn” since the Newman Government came to power is the same that Tourism …read more