Source: HTW CairnsWatch, May 2014.
Conus has also run a ruler over the above claims :Gavin King Fact Check
Singapore’s Aspial Corporation’s $200 million project involving seven towers (six residential and one commercial, with 1500 units) in Spence St behind the police station and courthouse.
Aspial Corporation bought the 24,109sq m Spence St property for $18.9 million this year.
At the time the company said it was planning a “mega-integrated development’’.
Chief executive Koh Wee Seng said the land would be used for a mega-integrated development with about 111,520sq m of residential units and offices.
|81-83 SPENCE ST, CAIRNS CITY QLD 4870||40811294||2.411 HA|
L10 SP201303:PAR CAIRNS
|SV $1,000,000||SV $1,000,000|
Although there were several reasons why China’s current account surplus for 1Q14 deteriorated to only US$7bn, one of the key drivers was rising tourism deficit, up from US$18bn to US$24bn. Until 2010, China’s net tourism contribution was relatively minor (and mostly positive). Over the last two years, there was an explosion of deficits, driven by stagnant arrivals, significant expansion of departures (particularly outside “near abroad” – i.e. ex HKG, Macao and Taiwan) as well as rising spending per trip.
Budgets about to be handed down in 20 of Queensland’s biggest councils face disarray with a court challenge over their rates policies unlikely to be heard before Christmas.
Queensland Local Government Association this week launched action in the Court of Appeal after the Supreme Court found in April it was illegal for a council to charge investors higher rates than owner-occupiers.
That has become a standard policy in 20 of Queensland’s largest councils.
Total passenger numbers for Cairns Airport grew by almost 2% during April despite the impacts of Cyclone Ita which prevailed for 2-3 days of that month.
Domestic passenger numbers showed strong growth, continuing the trend which saw Cairns Airport achieve the fastest domestic growth of Australia’s 8 busiest airports during 2013. Highlights for domestic services included the introduction of Tigerair’s Brisbane – Cairns route in mid April and additional seasonal flights on their Melbourne – Cairns route. Jetstar transferred their Darwin – Cairns service from a T1 (international) to a T2 (domestic) operation.
International passenger numbers continue to be impacted by the contraction of China Eastern’s Shanghai – Cairns route to a seasonal service as well as the move to four Hong-Kong - Cairns direct flights per week, lower capacity on Air Nuigini’s Port Moresby service and the change of terminal for the Darwin – Cairns flights.
An average of 25% of passengers travelling through Cairns Airports’ domestic terminal (T2) are international visitors. This reinforces the case for more direct international flights to and from Cairns. The Cairns Airport aeronautical development team are continually working with airlines, government, tourism and travel industry partners to secure air services from China and throughout South East Asia to convert some of these passengers to the Cairns international route network and provide more aviation access to help grow international visitor numbers for the region.
Passenger figures fell by more than 12,000 to 29,290, a 29.2 per cent fall, compared to 41,391 in April last year.Yes, these are the numbers released to ASX by Auckland International Airport posted above and not the numbers from Cairns Airport. A visit from the News Ltd server was noted at 11:07:23 yesterday morning.
Commonwealth Bank has been forced to reopen its compensation process for victims of shoddy financial advice provided by two of its planning businesses.
More than 4000 customers of Commonwealth Financial Planning (CFPL) and Financial Wisdom will now be able to apply for compensation under new licence conditions imposed by corporate watchdog the Australian Securities and Investments Commission.
The decision comes after a joint Fairfax Media and Four Corners investigation into the two groups revealed that compensation payments to customers of planners in both divisions were not given the same treatment.
ASIC has also admitted giving inaccurate testimony to a Senate inquiry into its performance over the financial planning scandal.
In a statement, ASIC blamed the bank for leading it to mislead the Senate, saying it sourced its information from CFPL's submission.
The CBA said that on Friday it gave the senate committee ''additional clarity on its submissions''.
The bank previously told the inquiry that compensation of $51 million was paid to victims but failed to make it clear that, in addition to CFPL customers, that number also included $7 million paid to customers of Financial Wisdom planner Rollo Sherriff.
Melbourne achieved 16 per cent growth in international passengers in April, which was well above the 6.6 per cent growth reported by Sydney Airport, albeit from a larger base. Brisbane Airport reported robust 11 per cent growth in international passengers.
In the domestic stakes, Brisbane Airport was in first place with a year on year increase of 3.9 per cent due in part to new flights from Tigerair Australia, followed closely by Melbourne with 3.2 per cent growth. Sydney Airport's domestic traffic grew by a slim 0.3 per cent.Interesting point here: Growth in all three is being driven by international rather than domestic which is the opposite of Cairns Airport. Also of interest that they are reporting strong April numbers attributed to the later Easter coincident with school holidays which has recently been suggested at Conus for the volatile ABS stats in March.
This updated report itself is not as informative as usual and appears even disinterested. Perhaps they are all just waiting around for the fat lady to sing in Vertigos Bar?
Yep, on their index scale the forecasts are wildly wrong and consistently over-estimate by between 12.7 and 21.2, with an average of 16.2! On that basis the next conditions outcome is unlikely to exceed 48 or so rather than the 59.9 survey outcome? The slope of the upward curve could be telling indicator? It was extremely erect in September!
ONE of Brisbane’s oldest and best-known public relations firms has ceased trading after the directors split up the business to go their own ways.
Crook Group closed down this week after more than 20 years, with director Andrew Crook now working under the banner of Crook Media.
Two other directors, Ben Ready and Brenton Gibbs, have branched off to launch RG Communications.
Mr Ready said yesterday he could shed no light on the split due to confidentiality agreements all round.
Mr Crook could not be reached as he was travelling overseas with key client Clive Palmer, the alleged billionaire and ever-entertaining MP.
He isn’t the first of the Crook team’s noteworthy clients. The company previously spruiked for two well-known companies which crashed spectacularly during the GFC: tourism and property group Octaviar (previously known as MFS) and one-time child care giant ABC Learning Centres.
Crook Group also hired former journalist Scott Emerson, who later became a partner. He now serves as state Transport Minister.
Visitors to TNQ rose by 3% and we saw its share of international visitors fall to 11.6% (from 11.9% a year ago). Worryingly, the average expenditure per visitor for TNQ fell by 7.1%; that equates to a decline of close to 10% in real terms over the year.Pete also followed up with further analysis and comment on the decline in visitor expenditure in Queensland: IVS and NVS highlight falling visitor expenditure