Thursday, April 14, 2016

Catching up with land valuations

Some info and graphs on the most recent 2016 Cairns land valuations from the Valuer-General have been posted at CairnsEconomy.

Tuesday, April 12, 2016

February Building Approvals

February building approvals data from ABS was out this week. Commentary graphs and links have been posted over here at CairnsEconomy.

A project in progress as much to organise information for myself as others and hopefully will make more sense in a few weeks time .........

Monday, April 4, 2016

4 Corners: British Virgin Islands revisited, again

Following tonight's 4 Corners on tax havens perhaps timely to repost a link from more than two years ago now: The Man from the British Virgin Islands

Sun Hung Kai Properties featured prominently tonight on 4 Corners. Childhood playmates of Tony Fung and the same source of inherited wealth.

There is no insinuation of anything improper from Tony Fung or Aquis in that connection. However perhaps it is about time for the Queensland Government to clarify whether they regard any significant investment or control from any BVI entity as the ultimate beneficial owner in a Queensland casino as acceptable or even a problem?

Friday, April 1, 2016

CairnsWatch Watch

The latest monthly HTW CairnsWatch for March was out yesterday. Through the first half of last year I had some problems with the airport trend analysis: Say what?. I have the same problem again although perhaps not as extreme.
"...passenger numbers at the domestic terminal (which also include international tourists arriving on domestic flights) have increased in trend terms by 8.3%. Overall passenger numbers at Cairns Airport have grown in trend terms by 10.1% over the period from February 2015 to February 2016."
Recent growth has been robust but I can't see how a trend quite that high can be derived. There has been a single month (January) with domestic growth above that in the last year.

Source: Cairns Airport
 

The trend line there is a simple 12 month moving average currently just below 5%. A 3 month average is 7.0%. Similarly the overall trend growth at CairnsWatch just looks a bit high to reconcile on current numbers.

Apart from that the most significant item of interest in this CairnsWatch is probably a move down in rental vacancy rate trends.