Queensland’s domestic economy slid by 0.3 per cent in the March quarter and one of the biggest contributors was a surprising downturn in general government investment in buildings, plus state and local investment in infrastructure.
Queensland would be hardest hit state by a Federal Court ruling that could extend more financial benefits to casual employees.
Aurizon has refinanced $1.3 billion in debt, adding an extra $420 million to its previous level, and signaled that the Queensland coal industry remained buoyant throughout the COVID-19 shutdown.
The State Government has dealt asset manager Brookfield a blow by declaring its Dalrymple Bay Coal Terminal a service that would be regulated for the next 10 years.
The national real estate market has started to see a COVID correction and while it’s not the carnage that had been anticipated the real jolt is yet to come, according to Westpac.
The easing of restrictions would not have any real benefits for major tourism centres, or Flight Centre, until borders re-open, according to the company’s managing director Graham “Scroo” Turner.