Monthly Archives: March 2015

Queensland Treasury’s forecasting record on royalties

I’ve written before about the big fiscal challenges facing the Queensland Government, and about how concerning it is that the Queensland Treasury is now as reliant as it is on volatile revenues such as royalties (see Qld Govt increasingly dependent … Continue reading

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

New SUV sales surge – pent-up demand possibly playing a role in pick up in new motor vehicles sales

New motor vehicle sales in Queensland were 4.7% higher in February than in January in seasonally adjusted terms, driven by a surge in SUV sales, which could eventually overtake sales of passenger vehicles (see chart below based on ABS data … Continue reading

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

Upcoming event on drivers of Qld economy – presentation by James Keating from QCA

The French-Australian Chamber of Commerce has organised an interesting event for Wednesday evening, 1 April in Brisbane CBD, featuring a presentation by James Keating from the Queensland Competition Authority: Which industries are currently driving the Queensland economy? I’m very interested … Continue reading

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Urban sprawl filling in the 200km City

In the first seven months of financial year 2014-15, the top five suburban areas in Queensland for residential building approvals were: Newstead-Bowen Hills (1,358 approvals), Southport (1,305), North Lakes-Mango Hill (612), Caloundra-West (406), and Jimboomba (401) (see map below based … Continue reading

Posted in Housing | Tagged , , , , , , , , , , | 6 Comments

State & local govts need to allow development to boost housing supply – Gap mega-suburb would be a good start

Now that likely future PM Malcolm Turnbull has highlighted the “big supply side issue” in Australia’s housing market (see yesterday’s Australian), it would be timely for State and local governments around Australia to review their regulations and charges, which many … Continue reading

Posted in Housing | Tagged , , , , , , , , , , , | 2 Comments

Great news about Abbot Point expansion given need for royalties and boost to mining & Qld economy

I was very pleased to see the announcement about the Abbot Point expansion going ahead yesterday, given the boost it will provide to Queensland’s ailing mining industry (see chart below), royalties revenue for the Government, and the Queensland economy. North … Continue reading

Posted in Mining | Tagged , , , , , , , | 7 Comments

Qld Govt faces big budgetary challenges from unreliable revenues and soaring health costs

In yesterday’s post I noted that the Queensland Government has become increasingly reliant on volatile royalties revenue, and that its major revenue sources of Commonwealth grants and taxation revenue have been growing significantly slower than expenses in recent years. I … Continue reading

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

Ok to investigate options for Executive Building, although keeping it unlikely to be sensible

Although I doubt it makes sense to keep the Queensland Government Executive Building, I have no problem with the Government investigating options for the future of the building, which was to be demolished to make way for the new casino. … Continue reading

Posted in Queensland Government | Tagged , , , | 2 Comments

Qld Government increasingly dependent on volatile royalties revenue

The current resources sector slowdown is resulting in hard times for many businesses and workers, and it will make the new Queensland Government’s budget management task a lot harder, especially if projected royalties revenues don’t eventuate. Over the last ten … Continue reading

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

Intergenerational Report shows the problem, but offers no solutions

The Intergenerational Report is a useful document in that it reinforces the need for tough fiscal measures to avoid ever-increasing budget deficits and debt – a need that has been apparent for some time – but alas the IGR offers … Continue reading

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