Monthly Archives: June 2015

Michael Willis on interstate migration – Qld may benefit from trickle-down of housing price booms in Sydney & Melbourne

Regular Queensland Economy Watch reader Michael Willis sent me his thoughts on the interstate migration issues I’ve been covering recently. His thoughts are posted below. Your recent posts, confirming that public sector job cuts contributed to the turning of the … Continue reading

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Qld public service redundancies likely contributed to spike in migration to NSW & Victoria

Following the ABC radio and online news coverage I received yesterday on the interstate migration issue, a friend of mine pointed out that redundancies in recent years, notably in the Queensland public service (which I thought were necessary for efficiency … Continue reading

Posted in Migration | Tagged , , , , , , , , | 7 Comments

Queenslanders leaving for professional jobs in Victoria

For over two years now, Queensland has been a net loser of people to Victoria, as the historically reliable net migration of people from Victoria to Queensland has reversed (first chart below). The conditions for mass migration out of Victoria … Continue reading

Posted in Migration | Tagged , , , , , , , | 2 Comments

QIC takeover of GOCs is a very bad idea

As suggested in the Courier-Mail this morning, it is possible the Queensland Government will try to appear it is meeting its fiscal strategy and paying down debt through some creative accounting, involving government-owned corporations (GOCs) (e.g. Energex, Stanwell, Gladstone and … Continue reading

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

Qld Treasurer confirms Govt’s immense fiscal challenge with royalties write down of $3 billion

I wasn’t surprised when Treasurer Curtis Pitt today revealed there would be a write down in mining royalties of $3 billion over the Budget forward estimates (i.e. 2015-16 to 2018-19), due to both lower prices and volumes than previously forecast … Continue reading

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Everybody’s talking about tax

With the Commonwealth Government currently undertaking a major tax review, it is timely that there are two events on tax reform being held in Brisbane next month, both supported by the Economic Society of Australia (QLD), of which I’m the … Continue reading

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Pockets of very high unemployment in Logan, Brisbane South West and Ipswich

I’ve produced the map of unemployment rates for local areas in the Brisbane metro area below based on the latest small area labour markets data for March 2015 from the federal Department of Employment. The data show that pockets of … Continue reading

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Impact Academy fostering local social enterprises – out to prove Milton Friedman wrong

Normally associated with such pursuits as kayaking, paddle boarding and rock climbing,  Riverlife at Kangaroo Point was the location for a showcase event for Peter Ball’s Impact Academy, an incubator for emerging social enterprises, on Thursday evening. The basic idea … Continue reading

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Cafe culture & tourism helping Qld endure end of mining boom

May 2015 employment-by-industry data published by the ABS yesterday confirm some points I’ve been making for the last couple of months (see chart above), particularly that Queensland is enduring the shock from the end of the mining boom relatively well, … Continue reading

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Great initiative from Qld Treasury to explain forecasts in Economic Society seminar

As Secretary of the Queensland branch of the Economic Society of Australia, I’m very pleased that, on Wednesday 15 July, the day after the Treasurer delivers the State Budget, a senior Queensland Treasury official, Greg Uptin, will give a briefing … Continue reading

Posted in Macroeconomy | Tagged , , , , , , , | 1 Comment