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We were fortunate to co-author the Queensland: Future State Report for ANZ with Gene Tunny from Adept Economics. The report was launched in Brisbane on Tuesday by ANZ CEO Shayne Elliott. The report has garnered plenty of interest and you can download it from the ANZ Bluenotes website here.
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 latest domestic tourism expenditure snapshot data from Tourism Research Australia for June shows that the boom in domestic tourism, particularly across Regional Queensland, remains well in place. The monthly snapshot expenditure data is no more granular than “Regional QLD” and “Greater Brisbane and Gold Coast”, so we cannot say …read more
The second quarter GDP data released this morning was broadly in line with expectations with a 0.9% q/q increase on the back of the previous quarter’s 0.7% increase (actually revised slightly down from +0.8%, but Q4 2021 was revised up) which leaves us 3.6% up from the same period a …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 data for the second quarter CPI shows (as generally expected) that inflation has moved further above the RBA’s target range of 2-3%. Headline CPI was up 1.8% q/q for a y/y increase of 6.1% (up from 5.2% in the March quarter). The RBA’s Core inflation measure also increased; up …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