Tag Archives: nsw

Does government understand business and realise the huge costs of lockdowns?

The reports from the Sydney lockdown are grim. The lockdown is imposing a huge cost on affected businesses. The financial assistance offered today by the federal and NSW governments may be insufficient for many businesses (e.g. see Sydney CBD restaurants … Continue reading

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

Surge in new houses and reno’s offset by slump in non-residential construction in Qld

The ABS’s preliminary estimates of construction activity for March quarter are discouraging for Queensland, with an overall fall of 1.7% since December quarter in seasonally adjusted terms (see chart below). In contrast, construction work done increased by 2.4% nationwide. NSW … Continue reading

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Six houses, alike in dignity… not much else – guest post by Brendan Markey-Towler

This guest post by my good friend and fellow Queensland economist Dr Brendan Markey-Towler makes some excellent points regarding Queensland’s economic recovery from the COVID-recession – e.g. consumption spending has been goosed up by government benefits and, apart from in … Continue reading

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

A closer look at the surge in net interstate migration to Qld in September quarter 2020

Earlier this week, Queensland Deputy Premier Steven Miles was excited by the latest interstate migration data from the ABS, as reported by the Brisbane Times: Queensland’s acting Premier has pointed to migration data showing a surge in new residents as … Continue reading

Posted in Migration | Tagged , , , , , , , , | 4 Comments

Unpacking the increase in the unemployment rate since March 2020

In my post last Thursday, I discussed Why Qld’s unemployment rate is highest in nation despite better jobs recovery during pandemic than rest of Australia. I noted a large part of the story was “Queensland’s strong recovery (and over-shooting) in … Continue reading

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Industry wants changes to Qld CHO emergency powers extension bill

This afternoon, in a hearing of the Queensland Parliament’s Health and Environment Committee, Queensland Tourism Industry Council (QTIC) head Daniel Gschwind and CCIQ Policy and Advocacy GM Amanda Rohan both expressed major concerns about the Queensland Government’s bill to extend … Continue reading

Posted in Queensland Government | Tagged , , , , , , , , , | 1 Comment

Qld Budget interview on 4BC with Scott Emerson

I was pleased to speak with 4BC Drive host Scott Emerson yesterday about the 2020-21 Queensland Budget. Among other issues, Scott and I chatted about the Government’s abandonment or, more charitably, nuancing of its fiscal principle around keeping public service … Continue reading

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Thoughts on the border decision and QPC’s productivity reform livestream

First, better late than never I suppose, so I should be thankful the Queensland Government, on 1 December, will finally open up the state to Sydneysiders and let us travel to Sydney without having to endure hotel quarantine when we … Continue reading

Posted in IR, Macroeconomy, Productivity | Tagged , , , , , , , , , , , , | Leave a comment

Stamp duty to land tax switch has long been argued for by economists

It’s good to see the NSW Government considering a switch from stamp duty on property transactions to a broader land tax, at least for future transactions where it’s possible people could be offered a choice of either an up-front payment … Continue reading

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Qld risks becoming a hermit state if vaccine isn’t safe and effective

Even though Adelaide doesn’t yet meet the Commonwealth’s definition of a COVID hotspot (as pointed out by Andrew Clennell on Sky Australia today), the Queensland Government rushed to declare it one and to impose quarantine requirements on travellers from Adelaide, … Continue reading

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