Wednesday, June 6, 2012

CairnsWatch May

The Cairnswatch collection of charts and comments from Rick Carr at HTW has been posted for May.

The continued decline in the rental vacancy rate is probably of most interest, now falling below the assessed balanced market range. I'm sure that trend is something which would be disputed with anecdotal explanations amongst the parrot-cage-commentariat at the Cairns Post, or public bar debate. However, the trend is encouraging particularly for the troubled unit sector.

Comments on employment are consistent with previous comments here.The ongoing trend in domestic airport arrivals is also noted.

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