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We have just returned from a few days away and have only now seen the Arrivals and Departures data for June which the ABS released on Friday. It shows short-term arrivals up 7.7% from a year ago, with the annual total up 6.6% (seasonally adjusted). The Chinese market continues to …read more
The regional residential building approvals data for the Far North in June were a bit of a mixed bag. Data released by the ABS this morning shows a total of 59 approvals in Cairns (incl Douglas) after 68 in May; 121 in Townsville after 93 in May; and 13 in …read more
The labour force data for July released by the ABS this morning shows the headline (seasonally adjusted) unemployment rate jump to 6.3% (from an upwardly revised 6.1% in June) despite the creation of 38,500 new jobs. The markets had been expecting only about 10,000 new jobs but the unemployment rate …read more
At the meeting announcing Suncorp’s $1.1bn profit for the year outgoing CEO Patrick Snowball hit out against proposals for some kind of government backed insurance scheme to address sky high premiums in FNQ. He claims that the insurance market in Far North Queensland is “functioning and competitive” and that action …read more
Pete was on the ABC Far North with Kier Shorey this morning discussing the TRA International Visitor Survey for March 2015 and the figures for TNQ. You can read our commentary on the report here and, if you missed the show this morning, listen below.
The June Building Approvals data for June released today by the ABS show total approvals fell (seasonally adjusted) by 8.2% on the month for a 8.6% increase over the year (this down from +18.3% last month). Market expectations had centred around a 0.8% decline. However, after last month’s numbers being …read more
The ABS Cost of Living Indexes for the second quarter show something of a rebound quarter/quarter due to the unwinding of a sharp fall in the cost of transport seen in the previous quarter. The COL Indexes are designed to answer the question “By how much would after tax money …read more
The Tourism Research Australia International Visitor Survey for the March 2015 quarter (available here) shows some solid growth in international visitor numbers. Across the country visitors grew by 7.8% over the year to just under 6.5 million. Chinese numbers were up 18.6% for Australia as a whole while the US …read more
Today’s ABS release of CPI data this morning shows Consumer Price Inflation (CPI) rose 0.7% in the second quarter of 2015 (after a 0.2% increase in the first quarter) for an annual change of 1.5% (up from 1.3% in the previous quarter). While this remains well below the RBA’s target …read more
Regional labour market data for June released by the ABS this morning shows the position in Cairns stuck around a Trend unemployment rate of 8% and falling to 3rd worst place, from 4th last month; this month just Wide Bay (10.2%) and Logan-Beaudesert (9.0%) have higher rates of Trend unemployment. …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series