Monthly Archives: May 2012

Still waiting for a recovery in building approvals

Today’s new building approvals data from the ABS were disappointing, as the recovery in building approvals I thought was occurring a few months ago has not eventuated, and building approvals remain flat at a relatively low level: It appears OESR … Continue reading

Posted in Housing, Macroeconomy | Leave a comment

To get cheaper electricity, charge a lot more during peak periods

While the Newman Government’s review into electricity prices announced yesterday is welcome, I suspect any savings it will identify through reduced duplication will be minor compared with the savings that are possible through discouraging electricity use during peak times through … Continue reading

Posted in Energy | Leave a comment

Qld & WA the winners in the two-speed economy

Adam Creighton and David Uren have a nice summary of the latest data on the two-speed economy in the Australian this morning (Retail in reverse as resources power on): THE divide between the over-heated, resource-rich sectors of the economy and … Continue reading

Posted in Macroeconomy, Mining, Retail trade | 1 Comment

Parliamentary precinct revival is a great idea

It is unnecessary for the Queensland Government to be a major owner of CBD property, as it can lease space as necessary, and it is possible that the Government has located public servants in CBD offices who may be more … Continue reading

Posted in Brisbane | Leave a comment

$75 billion of mining & energy projects in Qld at advanced stages of development

The Treasurer’s Economic Note yesterday alerted me to the Bureau of Resources and Energy Economics’ latest issue of Mining Industry Major Projects, released last Thursday.  The large investment in the development of LNG plants is noticeable in the billions of … Continue reading

Posted in Mining | Leave a comment

Bad news for renters, but drop in vacancy rates is good news for building industry

A friend of mine recently complained about how hard it is to find a suitable flat at the moment in inner city Brisbane, and data on residential vacancies released today by OESR back up this complaint. In inner Brisbane, the … Continue reading

Posted in Gold Coast, Housing, Macroeconomy | Leave a comment

AOFM looks on the bright side of a large debt – “deep liquidity”

Some clever chap at the Australian Office of Financial Management (AOFM) probably had a secret chuckle when the following advertising campaign was approved, which I noticed today but which may have been around for a while: By deep liquidity, the … Continue reading

Posted in Budget | 1 Comment

Good news from the OECD on Australia’s economic outlook

There is good news from the OECD via Acting PM Wayne Swan tonight (OECD Economic Outlook 91): The OECD Economic Outlook released tonight confirms that the Australian economy will significantly outperform OECD economies as a whole over this year and … Continue reading

Posted in Brisbane, Macroeconomy | Leave a comment

Boom and bust in international student numbers in Qld

I suspect the large drop in international students in Queensland (and across Australia) due partly to the high Australian dollar is a concern to universities, TAFEs and private providers, such as the Sarina Russo Group, which have made a lot … Continue reading

Posted in Education, Migration | Leave a comment

Potential savings for Newman Govt through cutting ineffective VET funding (e.g. for hairdressing)

In a recent conference paper published today by NCVER, Australia’s leading expert on vocational education and training (VET) Tom Karmel summarises recent research on the wage premium due to completing an apprenticeship or traineeship as follows (p. 11): This research … Continue reading

Posted in VET | Leave a comment