Tag Archives: construction

Residential construction at peak in current cycle in Qld

The mini-boom in residential construction, of both inner Brisbane apartments and detached houses in outer-lying areas in SEQ, such as Ripley, Springfield and Yarrabilba, has been important to the economy over the last couple of years. This mini-boom now appears … Continue reading

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

Brisbane unit values fell nearly 3% on average over 12 months to end of January

The huge supply increase in Brisbane apartments has resulted in a fall in unit values of 2.7% in the 12 months to 31 January, according to new CoreLogic estimates published yesterday (see Chart 1, based on data available in the … Continue reading

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CommSec highlights importance of residential construction to Qld economy

The latest State of the States report from CommSec highlights the current importance of residential construction to the health of the Queensland economy. As reported by John McCarthy in today’s Courier-Mail: QUEENSLAND’S economy is starting to emerge from the mining … Continue reading

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Continuing rebound in Qld private sector job vacancies at end of 2016

There was good news for the Queensland economy yesterday, with the ABS reporting a continuation of the rebound in private sector job vacancies in the final quarter of last year (see chart below). Private sector job vacancies have increased from … Continue reading

Posted in Agriculture, Housing, Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 2 Comments

Comments in Courier-Mail on residential construction & First Home Owners’ Grant

I am quoted extensively in John McCarthy’s Courier-Mail article this morning Brisbane house prices showing strong growth while regions are suffering (pay-walled), expressing similar views to those in my post from yesterday. In the Courier-Mail article, I sound more alarmist … Continue reading

Posted in Brisbane, Gold Coast, Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 5 Comments

ABS data confirm Qld economy under-performed in 2015-16

The annual gross state product (GSP) data the ABS published on Friday revealed Queensland’s lacklustre economic growth of 2% in 2015-16 (compared with 2.8% nationally) was heavily influenced by the transition at the end of the mining boom. The data … Continue reading

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Heavy construction decline has been greater in Qld than in WA

As I have discussed previously, relatively weak economic conditions in several Queensland regions, including Townsville and the outback, have been partly due to the mining downturn (see my post from last Saturday). At the same time as capital expenditure on … Continue reading

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , , , , , , , , | 3 Comments