Tag Archives: fnq

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

Huge financial sustainability challenges for Qld’s remote Indigenous councils

Queensland’s remote Indigenous councils are facing huge financial sustainability challenges, with the councils typically running large operating deficits, averaging nearly 20 percent of revenue, and running down their asset base to survive (see figure below), according to the Queensland Audit … Continue reading

Posted in North Queensland, Uncategorized | Tagged , , , , , , , , , | Leave a comment

Disproportionate numbers of Newstart/Youth Allowance recipients in Far North Qld, Wide Bay-Burnett & Logan

Pete Faulkner’s post Job Seeker data shows little change for Cairns alerted me to the latest data on recipients of Newstart and Youth Allowance (for young job seekers) from the Commonwealth Department of Social Services. These data highlight the ongoing … Continue reading

Posted in Labour market, Uncategorized | Tagged , , , , , , , , , , | 5 Comments

Health, aged care & tourism will generate jobs in Qld at the end of the mining boom

At the end of the mining boom, as capital expenditure plummets (chart above) from an elevated level, and ten thousand new jobs expected in the Galilee basin now appear unlikely, it is probably not surprising that some commentators are getting … Continue reading

Posted in Labour market, Macroeconomy, Mining | Tagged , , , , , , , , , | 6 Comments

High insurance costs likely to impede development of Northern Australia

Since Cyclone Yasi, insurance premiums have soared in North Queensland as insurance companies have reassessed the risks of insuring properties in the region. Just how much premiums have increased is illustrated by some figures provided to the Joint Select Committee … Continue reading

Posted in Cairns, North Queensland, Townsville | Tagged , , , , , , | 5 Comments

Growing Chinese visitor numbers great news for Qld tourism

Mission Beach blogger Pete Faulkner has been closely following Chinese visitor numbers, given that many tourism operators, especially in the Far North, are hopeful that Chinese tourism will revive their industry. Regarding yesterday’s new overseas arrivals and departures data from … Continue reading

Posted in Cairns, North Queensland, Tourism | Tagged , , , , , , , , , , , | 4 Comments

Qld unemployment hot spots – Ipswich, Cairns and Wide Bay

I’ve prepared some maps of regional unemployment rates based on last week’s new regional labour force data from the ABS for February 2014 (see below). The figures I’ve used are taken from Queensland Treasury’s information brief, which presents 12-month moving … Continue reading

Posted in Labour market | Tagged , , , , , , , , , | 2 Comments

Qld Treasury Corporation sees improving economic outlook

The latest Weekly Market and Economics Review for 8 October from Queensland Treasury Corporation (QTC) nicely summarises recent data showing an improving economic outlook across Australia: Last week’s dataflow was generally better than expected and consistent with the recent more … Continue reading

Posted in Cairns, Macroeconomy, Tourism | Tagged , , , , , , , | Leave a comment

International tourism continues to recover, particularly in TNQ, thanks largely to Chinese visitors

Tourism and Events Queensland (TEQ) has released its latest International Tourism Snapshot, and it shows a solid recovery in international tourism in Queensland and nationally, particularly in Tropical North Queensland (TNQ), which includes Cairns and Cape York (see my chart … Continue reading

Posted in Cairns, Macroeconomy, North Queensland, Tourism | Tagged , , , , , , , | 2 Comments

How much cheaper is it to fly from Cairns to Brisbane today than in the mid-Thirties?

While in Cairns yesterday for a meeting, I found a little bit of time to pop into the Cairns Museum, in the grand old School of Arts Building in the centre of town, where I found this very interesting poster … Continue reading

Posted in Cairns | Tagged , , , , , , , | 2 Comments