Australian Bureau of Statistics (ABS) labour force figures[https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6202.0Aug%202019?OpenDocument] show that the headline unemployment rate in Queensland has been rising on a trend basis throughout this year to the latest August print at 6.44% - the third highest in the nation behind South Australia and Tasmania. Read more.
Australia’s banks’ preference for residential property lending in the absence of credit extended to businesses will only serve to stall economic growth over the coming decade. Read more.
Queensland has officially become the bankruptcy capital of Australia on both a raw data and per capita basis on an analysis of data from the Australian Financial Security Authority (AFSA). Read more.
The Mackay-Isaac-Whitsunday SA4 region (Mackay region) straddles the Townsville region to its north, the Fitzroy region to its south and the Outback Queensland region to its west where coal production remains the cornerstone of the economy. Read more.
At the rate in which factors such as globalisation, digitisation, the adoption of new technologies and changing demographic and social profiles are impacting the state economy, assessing labour market and future employment prospects in Queensland is no menial task. Read more.
Townsville is at a Tipping Point of Regional Decline Unless Policy Makers Foster Significant Economic Development Opportunities
Townsville needs to attract more investment both locally and abroad to support industry which will guarantee the future of the region as opposed to continuing what has been a subdued economic period for North Queensland more broadly. Read more.
The Gold Coast is emerging as an economic zone in its own right; as Australia’s sixth largest city, it continues to diversify in services, exports, manufacturing, and education, which saw growth in the economy of around 3.7% to $35.3 billion in 2018. Read more.
Queensland coal and gas resources, along with the critically important agriculture industry, are the proverbial bedrock of a state economy whose fiscal constraints have been - in part - alleviated by better than expected performance of commodities during the last five years. Read more.
As the gateway to the Great Barrier Reef, the Daintree Rainforest and Cape Tribulation in tropical north Queensland, the Cairns region is renowned for its vibrant, yet laid-back tropical lifestyle. Read more.
The Economist magazine published an article last month, lauding Australia’s economy as the most successful in the rich world - blessed with iron ore and natural gas for wares, within a proverbial small boat ride to China. You can read it here.[https://www.economist.com/leaders/2018/10/27/what-the-world-can-learn-from-australia] Read more.