Monthly Archives: February 2019

Qld mining CAPEX up 13% or by over $1 billion in 2018

The December quarter capital expenditure data published by the ABS today have beaten expectations (e.g. see Business investment rebounds in otherwise cooling economy), which means the GDP figures which will be released next week will very likely be better than expected. … Continue reading

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Trad right on thermal coal – Qld should prepare for possible future decline of industry

Queensland Deputy Premier and Treasurer Jackie Trad is quoted in the Courier-Mail today on the future of thermal coal in Queensland: QUEENSLANDERS working in thermal-coal mines should start reskilling now to prepare for the decline of the industry, according to … Continue reading

Posted in Mining, Uncategorized | Tagged , , , , , , , , , , , , | 8 Comments

QEW week that was video – coal, negative gearing & the economic outlook

Posts from me and other commentators mentioned or alluded to in this video include: Housing industry round table with Treasurer Frydenberg at Parliament House Latest Qld wages growth and Qld labour market summary from Nick Behrens WTF happened to BNE-CNS? … Continue reading

Posted in Cairns, China, Climate change, Housing, Uncategorized | Tagged , , , , , , , , , , , , , , | 1 Comment

Ten years since Queensland lost its AAA credit rating

Ten years ago, on 20 February 2009, then Queensland Treasurer Andrew Fraser released the Economic and Fiscal Update which forecast lower revenues, large deficits and burgeoning debt. S&P promptly downgraded the state of Queensland from a AAA credit rating to AA+ … Continue reading

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Housing industry round table with Treasurer Frydenberg at Parliament House on Monday 18/2/19

I felt honoured to attend a housing industry round table with federal Treasurer Josh Frydenberg and Assistant Treasurer Zed Seselja at Parliament House in Canberra on Monday 18 February 2019. Prime Minister Scott Morrison opened the round table but had … Continue reading

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

Economic impacts of the North & North West Qld floods – Initial views

All week we have been hearing the awful news about all the dead cattle in North and North West Queensland as a result of the recent floods. An estimate of around half a million dead cattle has been suggested, although … Continue reading

Posted in Agriculture, Floods, Mining, North Queensland, Uncategorized | Tagged , , , , , , , , | 15 Comments

The North West Minerals Province – A Better Public Sector Investment than the Capital City

The North West Minerals Province – A Better Public Sector Investment than the Capital City Guest post by Craig Wilson* Townsville received the lion’s share of the media coverage in Australia and around the world from the recent flood events. … Continue reading

Posted in Infrastructure, Mining, North Queensland, Uncategorized | Tagged , , , , , , , , , , , , , | 2 Comments