Tag Archives: floods

Housing lending remains at super high levels

Posted on March 1, 2022 by Gene Tunny

First, my thoughts go out to all those affected by the recent flooding in Queensland and northern NSW. The intensity of the rainfall was extraordinary – in Brisbane, 80% of a full year’s rain in a few days reportedly. While, … Continue reading →

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Good & bad news on Qld economy – avoids worst effects of property bust, but remains reliant on gov’t spending

Posted on June 6, 2019 by Gene Tunny

Queensland state and local general government capital expenditures increased 13% in March quarter, rising to $2.79 billion, helping Queensland to record 0.5% growth in State Final Demand, the second highest growth rate in Australia (second to Tasmania with 0.7%). Part … Continue reading →

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

Posted on February 16, 2019 by Gene Tunny

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

Posted on February 11, 2019 by Gene Tunny

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 →

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Qld economy should be resilient to Cyclone Debbie

Posted on March 31, 2017 by Gene Tunny

While we are still to learn the full extent of the damage and economic disruption of Cyclone Debbie, we should be reasonably confident that any adverse economic impact, such as through lost crops, tourism, or disruption to coal mining and … Continue reading →

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Disasters have had huge budgetary impacts

Posted on June 4, 2013 by Gene Tunny

The Queensland State Budget is out and it contains a clear analysis of the huge budgetary impact of natural disasters, particularly: the large expenditure associated with disasters (e.g. around $2.5 billion to deal with ex-Tropical Cyclone Oswald’s impacts); and the … Continue reading →

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Flood-proofing levy has merit, but funds should go into Consolidated Revenue

Posted on May 17, 2013 by Gene Tunny

Given Queensland’s budgetary challenges, there is merit in the Government’s plan to raise additional money to pay for flood-proofing projects through a special levy, as reported in the Courier-Mail this morning. I would, however, advise against having the money paid … Continue reading →

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Economic impact of the Big Wet in Queensland

Posted on January 29, 2013 by Gene Tunny

The heavy rain, winds and floods that have resulted from ex-tropical cyclone Oswald have caused a large amount of human suffering and will have an adverse short-term impact on Queensland’s economy. I expect the adverse short-term impacts will arise mainly as … Continue reading →

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Storms and floods reveal need for public education campaign on disasters

Posted on November 19, 2012 by Gene Tunny

After South-East Queensland’s wild weekend of storms, the Queensland Government should consider a public education campaign on how to stay safe during storms and floods, as the Bureau of Meteorology obviously doesn’t see that as its role. While the Bureau … Continue reading →

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