Category Archives: Mackay

Remarkable turnarounds for Townsville, Mackay, and Cairns

In my upcoming Brisbane Club presentation on Tuesday, one chart I’ll show is of selected Queensland regional unemployment rates, highlighting how the economic recovery generally and a booming mining sector have translated into some extraordinarily low unemployment rates in some … Continue reading

Posted in Cairns, Labour market, Mackay, Townsville | Tagged , , , , , | Leave a comment

Qld’s regional economies & COVID-19 – video chat with Pete Faulkner

Earlier today I chatted with Pete Faulkner from Far-North-Queensland-based Conus Business Consultancy Services regarding how Queensland’s regional economies have been impacted by COVID-19. Check out the recording of our Zoom conversation below. You can download the slides we chatted about … Continue reading

Posted in Brisbane, Cairns, Labour market, Mackay, Macroeconomy, Migration, Mining, North Queensland, Population, Tourism, Townsville, Uncategorized, Wide Bay-Burnett | Tagged , , , , , , , , , , , , , , , | Leave a comment

The deteriorating global outlook & Qld’s mining regions – initial thoughts

Each passing week I’m becoming more concerned about the global economic outlook and what it means for us here in Queensland, given that the strength of our resources sector is closely related to the strength of the global economy. My … Continue reading

Posted in Mackay, Mining, Uncategorized | Tagged , , , , , | Leave a comment

Coal, climate change, solar & batteries – why Qld Treasury wanted to offload the state’s energy assets

The recent Financial Times report Development bank halts coal financing to combat climate change, reprinted in this morning’s AFR, should prompt some serious long-term thinking from the Queensland government and local governments with regional economies heavily dependent on coal mining, … Continue reading

Posted in Budget, Mackay, Mining, Uncategorized | Tagged , , , , , , , , , , , , , | 4 Comments

Qld regional unemployment rates facet wrap via R

Queensland is such a large and diverse state, with regional economies having vastly different drivers of growth (e.g. tourism in Cairns, mining in Mackay), that it’s often hard to get a sense of how different parts of the state are … Continue reading

Posted in Cairns, Labour market, Mackay, Migration, Mining, Townsville, Uncategorized | Tagged , , , , , , | Leave a comment

Regional rescue packages have a poor record

The Sunday Mail reported this morning that Queensland Federal Government MPs are “at odds over federal relief funding for Queensland” in response to the economic downturn in much of the State outside SEQ (e.g. note the large job losses in … Continue reading

Posted in Labour market, Mackay, Macroeconomy, Queensland Government, Townsville, Uncategorized | Tagged , , , , , , | 5 Comments

Challenging conditions outside SEQ

In his recent commentary regarding strong growth in the retail sector, National Retail Association CEO Trevor Evans noted: “South East Queensland is performing strongly but performance in Queensland is being held back by issues in some areas…Some areas are living … Continue reading

Posted in Brisbane, Gold Coast, Infrastructure, Labour market, Mackay, Macroeconomy, Mining, North Queensland, Queensland Government, Townsville, Uncategorized | Tagged , , , , , , , , , | 11 Comments

Mackay asks why is Townsville getting special treatment?

Yesterday afternoon I spoke with Elly Bradfield on ABC Radio’s Statewide Drive program about Queensland Nickel entering administration and the likely economic fallout. I reiterated the points I made in this blog yesterday that this could be a big economic … Continue reading

Posted in Mackay, Queensland Government, Townsville, Uncategorized | Tagged , , , , , , , , | 6 Comments

Qld has three of top five regional areas with most expensive residential lots

The Housing Industry Association released a very interesting note today on median lot prices in capital cities and regional Australia (i.e. non-Capital City Australia): Land price pressures signal policy failure. The data should prompt a number of Queensland Councils to review their … Continue reading

Posted in Gold Coast, Housing, Mackay | Tagged , , , , , , , , , | 2 Comments

Largest unemployment rate increases over 2012-13 in metro Brisbane and Central Qld

I’ve mapped the changes in regional unemployment rates over 2012-13 (based on Queensland Treasury’s briefing on yesterday’s ABS data) in the maps below. The largest increases in the unemployment rate are in metropolitan Brisbane, related in part to public service … Continue reading

Posted in Brisbane, Labour market, Mackay, Mining | Tagged , , , , , , , , | 2 Comments