Monthly Archives: July 2013

Productivity Commission study will highlight stamp duty impact on labour market

The Productivity Commission yesterday released the issues paper for its Geographic Labour Mobility study, a study which I expect will highlight the adverse impact of stamp duty on the labour market. Stamp duty on property transactions, which significantly increases the … Continue reading

Posted in Labour market, Migration | Tagged , , , , , | Leave a comment

Don’t read too much into one month’s unemployment figures – Qld data pretty volatile

Today’s unemployment figures from the ABS confirm a lacklustre economic outlook for Queensland over 2013-14 as the resources sector slows down, but I think it’s too early to conclude we’re heading for anything worse than expected. That is, based on … Continue reading

Posted in Cairns, Labour market, Macroeconomy, Mining | Tagged , , , , , , , , | Leave a comment

Which Qld regions are the most productive per capita?

Based on Queensland Treasury figures published earlier this year (Experimental Estimates of Gross Regional Product), the North West and Mackay regions of Queensland have the highest levels of gross regional product (GRP) per capita, largely due to mining in each … Continue reading

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Greater uncertainty over 2013-14 economic outlook

The last 24 hours have seen the release of a sobering NAB report on its monthly business survey (Business conditions collapse in June, retail worst hit, says NAB) and the latest IMF World Economic Outlook, which has slightly downgraded China’s … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments

Scope to raise more revenue from gambling and cut bad taxes

In making his case for getting Brisbane’s second casino licence, James Packer observed last week (according to the Courier-Mail): “Brisbane and Queensland have been badly let down by Echo – they have under-invested and underperformed. Queensland taxpayers are missing out … Continue reading

Posted in Budget, Tax | Tagged , , , , , , , , | 2 Comments

Toowoomba very reliant on education sector – risk from higher ed reform

An article in the Toowoomba Chronicle has reminded me just how significant the University of Southern Queensland has been to Toowoomba’s economic development and prosperity, and the USQ Vice-Chancellor is certainly right to be concerned about potential higher education policy … Continue reading

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Queenslanders spending, but not building

It was a week of mixed economic news for Queensland, with the latest ABS data showing retail spending is growing reasonably well in Queensland, while building approvals continue at low levels. Queensland is out-performing the rest of Australia on retail … Continue reading

Posted in Housing, Macroeconomy, Retail trade | Tagged , , , , , | Leave a comment

Further decline in exchange rate would be good news for Qld tourism

The HIA released an interesting note today forecasting the Australian dollar will continue to decline, possibly down to the US$0.70 to US$0.80 range (see Decline of the Aussie dollar: Where to from here?). I agree with the HIA there are … Continue reading

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Commonwealth should give up student target – big savings possible from higher ed reform

The Commonwealth is projected to spend over $10 billion on higher education by 2016-17 according to the 2013-14 Budget papers (see chart above). Hence it’s unsurprising the Government is looking at savings in this area, as reported in the Australian … Continue reading

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