North Queensland building industry North Queensland building approvals have plummeted in the Townsville region as the head of Master Builders Queensland plead with the Labor State government to bring back the $20,000 First Home Buyers Grant Boost. Master Builders Deputy CEO, Paul Bidwell said; “Something had to be done about the worsening
Economy
Economic category
Greenvale Land owners secure sale contracts with Australian-Singapore Military
Sun Metals Zinc Refinery $300 Million Expansion
Sun Metals Zinc Refinery Expansion Sun Metals Zinc Refinery announced $300 million expansion project of its refinery south of Townsville has been approved for go ahead with the support of the Queensland government. The expansion is expected to increase the refinery's zinc production from around 225,000 tonnes per year to 270,000 tonnes. Sun
Townsville airline new “canary in the coal mine” for Queensland government
Townsville airline market Townsville’s airline market increased recently thanks to international visitor numbers and Tiger Airlines Melbourne service. The domestic and international markets over the medium term however, have been steadily declining. This is especially so in the aftermath of Tiger Airlines flights being cancelled from Melbourne, Jetstar flights from Bali and
Property Council challenges Palaszczuk government plan for economic growth
Townsville real estate industry heads up The Townsville real estate industry knows too well the impact of slow growth as a major regional centre of Queensland over the past 10 years. Now the Property Council of Australia has raised the concerns of poor economic growth in the property industry more broadly in
Townsville water security falls on Hells Gates Dam
Townsville Water Security Townsville water security aspirations have moved a little closer with the $2.2 million federally funded Hells Gates Dam feasibility study confirming the project’s viability, but the short term cost to Townsville’s economy could have negative impacts on the port city. The irrigated agriculture and power project is worth $5.35
Townsville Port reports solid annual profit and reduced tonnages
Townsville Port, a State government-owned corporation, has posted a $15 million net profit for the 2017-2018 financial year based on the entity's annual financial statement. The Townsville Port praised its own performance saying the business “again delivered strong financial results while continuing to deliver major infrastructure investments”. Management of the Port said
Queensland Nickel resurgence exposes Government industrial investment bias
Queensland Nickel exposing political corruption Queensland Nickel CEO, local Townsville resident and Queensland’s richest person, Mr Clive Palmer has laid the blame for Townsville’s poor economic performance squarely at the feet of the Labor Mayor Jenny Hill and the leadership of the Townsville City Council during a $15,000 community funding announcement
Townsville Port in political play with Treasurer Jackie Trad
Townsville Port involved in political hustle The political jostling over major infrastructure funding announcements between local, state and federal government could be adding to the tainted reputation of Queensland and corporate logistic interests on the back of the anti-Adani campaign by the Palzsuzcus government, and a rather bizarre press conference at
How is the Townsville North Queensland economy and employment performing?
Townsville North Queensland quarterly update The Townsville North Queensland economic outlook has seeds of growth and business confidence but official Queensland treasury employment data shows unemployment is still lingering over 10 percent, the Herron Todd White (HTW) Quarterly Economic Snapshot reported this month. The critical drivers of Townsville and North Queensland’s economy