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
Tag: employment
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 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
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
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 Councillors railroaded by Labor Power Brokers on Adani airstrip
Councillors serve Premier's campaign strings The Chief Executive Officer. Ms. Adele Young of the Townsville City Council is coming under increased pressure to resign in the wake of the local council’s vote of seven to one in favour of approving the $18.5 million airstrip inducement deal with Adani Enterprises. Ms. Young is
Anti-Coal Activists rebuked by Adani boss; What about jobless in regional Queensland and poverty in India?
Anti-coal activists target of Adani boss Chairman of the Adani Group, Gautam Adani, has directed a strong and scathing attack towards anti-coal activists and Adani protagonists in Queensland and across Australia for caring less about regional Queenslanders and the devastating poverty faced by millions of Indians. The Indian energy and logistics corporation boss directed
Construction boosts Townsville short to medium term prospects
Construction Boost for Townsville Construction employment is driving a resurgence in demand for rental accommodation and dwelling ownership in Townsville’s property market at the cost of vendor discounting and modest correction in capital losses. Townsville medium house prices have dropped over the past twelve months by 7.4 percent and 4.5 percent over
Townsville Council secures “Big 4” Chief Finance Officer
Townsville City Council (TCC) announced today, the appointment of ex-Pricewaterhouse Coopers (PwC) and Deloitte strategic planning accountant and auditor as the local government authority's Chief Finance Officer (CFO). Mr. Matt Thompson will begin his new role as head of the Business Services division. This is the final executive position to be
Adani coal mine officially a Queenslander
Announcement The Carmichael coal mine has been officially approved by the government, courts and now the Adani Group board in an announcement by the Adani Group Chairman, Gautam Adani, and the Adani CEO Jeyakumar Janakaraj at the new mega mine's Australian headquarters in Townsville North Queensland today. The Adani Group have published the decision