Ipswich, the Sunshine Coast and southern Brisbane have led the charge in improving youth unemployment rates in Queensland, new data has revealed.
But the Australian Bureau of Statistics data, analysed by Queensland Treasury, also showed the situation in outback Queensland was dire and getting worse.
Youth unemployment dropped 0.9 percentage points from December 2014 to December 2015, from 14.1 to 13.2 per cent.
But in Ipswich, the improvement was more substantial, with a drop of five percentage points, from 18.8 to 13.8 per cent over the period.
Ipswich mayor Paul Pisasale said the council’s efforts had started to pay off.
“For a city like Ipswich that had the highest unemployment in the country, we’ve worked our guts out,” he said.
“We’ve worked our guts out and we’ve turned the city around.
“We went down the technology path, created logistics industry, we’ve got what’s happening at Springfield and there’s much more to come.”
The Sunshine Coast saw its youth unemployment rate drop from 14.5 to 9.6 per cent, one of the lowest in the state.
Sunshine Coast mayor Mark Jamieson said the figures would give confidence and encouragement to the region’s parents that their children were in one of the areas to get a job.
“One of the greatest gifts any level of government can give its community is confidence,” he said.
“With confidence comes opportunity and with opportunity comes prosperity.
“Our population of young Coast residents is not in decline, it’s growing, and it’s part of our responsibility to help them gain employment here.”
Youth unemployment in Brisbane’s southern suburbs dropped 5.5 percentage points from 16.4 per cent in December 2014 to 10.9 per cent last month.
The state’s lowest youth unemployment rate was in the Maranoa, which had a rate of 7.7 per cent last month, down from 8.9 per cent the previous December.
But outback Queensland youth unemployment skyrocketed, according to the data, from 17.4 per cent in December 2014 to 25.6 per cent last month.
Cr Pisasale said the rest of the country could look to cities such as Ipswich as an example.
“We’ve let our young people down in this country,” he said.
“When I left school, we had apprenticeships and traineeships that aren’t there anymore.
“It’s a lot harder for young kids to feel part of the community.
“People should stop and have a look at what Ipswich has done, because maybe we’re starting to get it right.”
Cr Pisasale also made light of the reputation Ipswich had gained throughout Australia.
“Whoever ever said people from Ipswich have two heads, I want to thank them,” he said.
“It’s made us twice as smart as everybody else.”
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Originally Published On: http://www.brisbanetimes.com.au/
Landmark Sunshine Coast Castle For Sale
A Norman-style castle with medieval additions that has become an iconic landmark on Queensland’s Sunshine Coast is on the market.
The award-winning tourist attraction and function venue business at 292-296 David Low Way, Bli Bli, is being marketed by Ray White North Coast Central’s Michael Shadforth and Damien Poole.
Originally built on a site overlooking the Maroochy River in 1972, the castle is unique in the southern hemisphere and comes complete with a moat, turrets, towers and a drawbridge.
Mr Shadforth said the castle is situated on a 4,751 sqm block and there is the option to purchase adjoining manager’s and caretaker’s residences for a total land area if 8,242 sqm.
“We have already had a large number of enquiries about the Bli Bli Castle from across Australia and around the world,” he said.
“This is an established business and award winning tourist attraction and function venue which promotes history, encourages education and facilitates unique celebrations.”
Mr Shadforth said the castle offered an opportunity for an astute investor, a local with a passion for an iconic landmark or an international buyer to secure an historic building and prime property site within the growing Queensland tourism sector.
“The castle is regularly booked for weddings, parties, private functions and concerts, including a partnership with the Underground Opera Company to hoist three shows each year,” he said.
“The site incorporates a fully licensed café and a themed gift and toy shop. The property is in a semi-rural area on the Sunshine Coast and is approximately 15 minutes from Maroochydore and 90 minutes north ofBrisbane.”
Original Published On: http://www.theurbandeveloper.com/
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RBA Alerted on Heightened Level of Property Investment Risk
The RBA deputy governor Philip Lowe says recent measures from banking regulator, the Australian Prudential Regulation Authority (APRA) were having a “positive, albeit modest, effect”.
“In the past couple of weeks you’ve seen a number of banks say they’re requiring larger deposits for investor loans, they’re offering smaller discounts on interest rates and smaller rebates, they’re requiring higher serviceability levels,” Dr Lowe said at yesterday’s Thomson Reuters regulatory summit in Sydney. (more…)
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