Reserve Bank Interest decision The Reserve Bank Governor, Phillip Lowe has announced a change to the interest rate today to record levels. The RBA had decided to reduce the cash rate by a further .25 basis points to a record cash rate of .75 per percent. In it's press statement moments ago, the
Economy
Economic category
Townsville home loan industry veteran; fixing loan rates not recommended
Townsville home loan market recommendations A veteran Townsville home loan industry insider has shed some unique insights into the home lending industry on the eve of another Reserve Bank (RBA) cash rate decision, with the industry predicting up to a further three interest rate cuts to boost the Australian economy. In the
Breaking: Townsville Yabulu Nickel Refinery reopening with $400 million injection
Yabulu nickel refinery reopening statement Townsville’s Yabulu Nickel Refinery has $400 million set aside for a reopening in 2020 providing 1000 jobs for North Queensland, Mr Clive Palmer has claimed in a formal statement today. Just over an hour ago, Mr Palmer called on the Queensland Premier Annastasia Palasczuk and State Opposition
Townsville property market confidence flooded on national affordability crisis
Townsville property market in national context The Townsville property market has enjoyed better days when building approvals and existing dwelling transactions and median house prices were much higher than they are now. However, North Queensland’s peak marketing and political lobby organsation has said confidence is returning to the Townsville property market because
Townsville labour market gasping for employment demand
Townsville labour market snapshot The Townsville labour market has shown signs that a recovery in economic activity is occurring in the wake of the Townsville and North-west Queensland floods earlier this year. With 3,000 homes and businesses impacted and thousands in livestock losses across the region, the recovery and reconstruction stimulus has
Townsville floods yields employment green shoots; regional economic snapshot
Townsville floods reconstruction welcome stimulus Six months after the devastating Townsville floods, the region's peak marketing body for North Queensland, Townsville Enterprise, has provided an update to its members on the outlook of the Northern Australia regional economy. In its quarterly economic snapshot, TEL reflects on the February 2019 Townsville floods which
North Queensland property powerbroker launches stern critism of Palaszczuk government
North Queensland property identity holds no prisoners North Queensland property industry identity and outgoing North Queensland Cowboys Chairman, Lawrence Lancini has launch a bevy of criticism at the Palaszczuk Labor government over its handling of the regional Queensland economy. Consistent with the analytical assessment by this publication over the past decade, Mr
Townsville property market update September 2019
Townsville Property Market Assessment The Townsville Property Market Update for September 2019 by Herron Todd White (HTW) paints a cautiously hopeful picture of economic growth and property price activity. Townsville projects, natural disasters and population Based on the future pipeline of projects, reactionary impacts from natural disasters on positive employment from the 2019
North Queensland strategic plan calling for 50,000 new houses
North Queensland draft strategic regional plan North Queensland strategic regional plan estimates the need for 50,000 new houses and 35,000 new jobs by 2041. North Queenslanders are being asked to have their say on the first-ever Regional Plan for NQ, to accelerate growth and encourage future jobs in the region over the
Townsville V8 Supercars secured for another 5 years
Townsville V8 Supercars Secured Townsville V8 Supercars have been secured for the next five years at its Reid Park home after Tourism and Events Queensland inked the new deal with Supercars today. After months of negotiations, the Tourism Industry Development Minister Kate Jones announced the five-year deal has been struck between Tourism