Artist’s impression of Queen’s Wharf Plaza.
Artist’s impression of Queen’s Wharf Plaza.

Queensland's mood swings upward

CONFIDENCE has returned to Queensland with a majority of people in a Galaxy poll saying the state was heading in the right direction.

The poll of 900 Queenslanders found that 53 per cent approved of the way the state was moving.

That result produced a sentiment rating of 15, the best result in almost three years and a sharp jump from zero result at the last state election in November.

But there are still significant problems with the Galaxy poll showing a sharp divide between the southeast and the regions where only 43 per cent were optimistic.

The regional difference may be attributed to delays for projects like the Adani mine as well as unemployment.

Australian Bureau of Statistics data released yesterday also showed big differences between Brisbane, where the median search for a job was 10 weeks compared with the regions where the median was almost a year in places such as Townsville and Toowoomba.

In the Fitzroy region, the median is 27 weeks.

Eban Escott's Milton-based business is booming. He has robots that write code for robots. Picture: Mark Cranitch
Eban Escott's Milton-based business is booming. He has robots that write code for robots. Picture: Mark Cranitch

The Gold Coast also showed a strong benefit from the Commonwealth Games with an unemployment rate, on the unadjusted data, of 3.6 per cent, the lowest in the state.

One company enjoying success is Codebots, a Brisbane company that uses AI-powered app building tools which enable anyone to develop software with the help of codebots that can write 300,000 lines of code in a minute.

It has surged from employing five people four years ago to 55, and the company's Eban Escott said there had been an attitude shift in Queensland, with moves such as appointing a chief entrepreneur and a push for technology-driven business.

"Across the landscape, people are thinking they have to be more effective, more entrepreneurial,'' he said.

Tourism has been riding a high wave for several years now and the Commonwealth Games added another boost to confidence, according to Queensland Tourism Industry Council chief executive Daniel Gschwind.

Artist’s impression of Queen’s Wharf Plaza.
Artist’s impression of Queen’s Wharf Plaza.

He said the mega projects like Queen's Wharf were a big deal for the industry but there was also a groundswell of investment in small businesses around the state.

"Business is finding its investment is being rewarded. They are making a buck out of it,'' Mr Gschwind said.

"They are expanding and investing and looking at new ways to innovate and that's a strong sign that there is a future that offers employment and business opportunity.''

Chamber of Commerce and Industry spokesman Dan Petrie said Queensland was experiencing a two-speed economy in which strong population growth, low unemployment and heightened levels of economic activity in the southeast were masking pain in regions.

"Regions are more attuned to commodity price movements and weather seasonality where the outcomes have been mixed for primary producers and junior miners.

"A resurgent oil price, government policy around land clearing and indeed, more trenchant opposition to resources projects in the state continues to exacerbate pessimistic sentiment."

 

Artist’s impression of Queen’s Wharf Plaza.
Artist’s impression of Queen’s Wharf Plaza.


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