Monthly Archives: June 2013

24-hour retail trading inevitable and desirable

I was very pleased to read in today’s Sunday Mail that Woolworths will open a 24/7 store on Federal Government land at Brisbane airport, avoiding Queensland’s archaic trading hours restrictions. While the Attorney-General has suggested there needs to be a … Continue reading

Posted in Retail trade | Tagged , , , , , | 2 Comments

Public service cuts had only temporary impact on unemployment rate

It’s now clear that Queensland public service cuts have had only a temporary impact on the unemployment rate, as I expected and have previously posted on (see Temporary surge in unemployment due to public service cuts and spending restraint). While the unemployment … Continue reading

Posted in Labour market, Macroeconomy | Tagged , , , , , , | 9 Comments

Is it the right time for a $5M Milton CityCat stop?

La Dolce Vita cafe on Park Rd, Milton is almost a second home to me and, given I live close to the Toowong CityCat stop, I’d benefit a great deal from the Brisbane City Council’s planned Milton CityCat stop (see … Continue reading

Posted in Transport | Tagged , , , , , | 3 Comments

Loans data confirm very slow recovery in housing – is regulation constraining the sector?

The Housing Industry Association (HIA) gave an apt summary of today’s ABS housing finance data in the title of its media release Home lending up but not by enough. The Queensland data (see my chart below) are consistent with building … Continue reading

Posted in Housing | Tagged , , , , , | 4 Comments

Qld outback drought spreads – Mt Isa LGA now drought declared

Fourteen Queensland Local Government Areas (LGAs) covering 36 per cent of the State are now drought declared (see map below), with Mt Isa the latest addition (see Queensland Country Life coverage: Qld drought spreads). These LGAs account for around 12% … Continue reading

Posted in Agriculture | Tagged , , , , | Leave a comment

International tourism continues to recover, particularly in TNQ, thanks largely to Chinese visitors

Tourism and Events Queensland (TEQ) has released its latest International Tourism Snapshot, and it shows a solid recovery in international tourism in Queensland and nationally, particularly in Tropical North Queensland (TNQ), which includes Cairns and Cape York (see my chart … Continue reading

Posted in Cairns, Macroeconomy, North Queensland, Tourism | Tagged , , , , , , , | 2 Comments

Senior public servants protected from job cuts

During his interview of Treasurer Tim Nicholls on 7.30 Queensland tonight, Matt Wordsworth cited new Queensland public service data showing job cuts were borne by workers earning less than $100,000 per year, and the number of public servants earning more than … Continue reading

Posted in Budget, Queensland Government | Tagged , , , | Leave a comment

Disasters have had huge budgetary impacts

The Queensland State Budget is out and it contains a clear analysis of the huge budgetary impact of natural disasters, particularly: the large expenditure associated with disasters (e.g. around $2.5 billion to deal with ex-Tropical Cyclone Oswald’s impacts); and the … Continue reading

Posted in Budget, Cyclones, Floods | Tagged , , , , , , | Leave a comment

Qld budget surplus delay not a big deal, but reinforces need to consider Energex & Ergon sell off

There won’t be much to report after the release of the Queensland Budget later today as it appears much of the big news has already been released, including a delay in achieving the Budget surplus, originally forecast for 2014-15 and … Continue reading

Posted in Budget | Tagged , , , , , , | 1 Comment