Monthly Archives: February 2012

Building activity improving, but will remain “fairly subdued” in many regions

Queensland Master Builders yesterday released its regional snapshots from its quarterly survey of industry conditions. The following conditions are expected over the March quarter: “fairly subdued” in Brisbane, Gold Coast, Far North, North Queensland, Sunshine Coast and Wide Bay Burnett … Continue reading

Posted in Housing, North Queensland | Leave a comment

Even closer economic relations with New Zealand?

As the world’s most remote advanced economy, and with limited resources and low visibility in international financial markets, New Zealand would see benefits in closer integration with Australia, which the two countries’ Productivity Commissions have just been commissioned to explore. … Continue reading

Posted in Budget, Macroeconomy, Migration | Leave a comment

Brisbane Economic Development Plan foreshadows public wi-fi expansion

The new Brisbane Economic Development Plan 2012-2031 says all the right things about wanting to make Brisbane more innovative and creative, attracting the best and brightest and streamlining council processes. It contains at least one really good idea, that of … Continue reading

Posted in Brisbane, Mining | 5 Comments

Home loans data confirm Qld economy is strong

Today’s new ABS housing finance commitments data show strong growth nationally in December 2011 (up 2.3% seasonally adjusted), with Queensland in second place among States and Territories:

Posted in Housing | Leave a comment

One in ten NSW residents would prefer to live in Queensland

Interstate migration to Queensland has been at low levels recently but I expect it to rebound as a result of Australia’s two-speed economy. As growth in NSW and Victoria will be sluggish compared with Queensland and WA, I expect many … Continue reading

Posted in Uncategorized | 1 Comment

More Chinese than Japanese tourists on Gold Coast

Fascinating new regional tourism data from Tourism Queensland confirm the rise in Chinese tourism to Queensland and the massive opportunity it represents. I was especially surprised to see Chinese visitors to the Gold Coast exceeding Japanese visitors: The Japanese still … Continue reading

Posted in Cairns, Gold Coast, Tourism | Leave a comment

Recommended reading on the car industry

The new online newspaper the Global Mail, which is funded by Wotif founder Graeme Wood, published a great article today (Car makers: Beached as) by Bernard Lagan on government assistance to Australia’s car industry, which quotes extensively from my paper … Continue reading

Posted in Industry policy | 3 Comments

Gold Coast over-supply of residential property persists

The Gold Coast building industry is likely to be in for another tough year at least, based on December quarter 2011 rental housing vacancy rates reported in today’s information brief from OESR: Gold Coast tradies will log a lot more … Continue reading

Posted in Housing | Leave a comment

RBA makes right decision for the national economy

In leaving interest rates unchanged, the RBA has clearly demonstrated its focus is solely on the national economy – that is, it appears comfortable with the two-speed economy which this year will see Queensland and WA surging with NSW and … Continue reading

Posted in Macroeconomy | Leave a comment

Qld only state to record growth in building approvals

Today’s ABS data on building approvals (see the chart below I’ve pinched from this OESR brief) and Westpac’s gloomy assessment of the Australian economy (Westpac says cutting up to 400 jobs) have made me a bit concerned about the two-speed … Continue reading

Posted in Macroeconomy | Leave a comment