Tales of the two-speed economy

Cashed up miners are pushing up rents in Mackay, with some prepared to pay $700+ per week for a house:

450 join already long queue

Meanwhile the Fraser Coast economy remains in a slump, due to a drop in international visitor numbers associated with the high Australian dollar. Although the unemployment rate is not in double figures, as Employment Minister Stirling Hinchliffe notes, at around 7% it is still significantly above the State average of just over 5%:

Jobs news gloomier

This entry was posted in Mackay, Mining, Tourism, Wide Bay-Burnett. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s