- 13 November 2018
Qld Tourism Boom Worth Billions & Interest Rates an Each-Way Bet
Some great positive information through about the Queensland tourism boom that is now worth $17 billion after growing about $2 billion in the last two years.
There is more work required around this boom in training and support, as the Star Entertainment Group Queensland managing director Geoff Hogg says a lot of people go into tourism in a services role before moving up the ranks.
Hogg, who is helping to roll out the Queen's Wharf resort project in Brisbane's CBD, is working with TAFE Queensland to train frontline staff.
Department of Innovation, Tourism Industry Development and the Commonwealth Games director-general Damien Walker says building up staff numbers in the tourism industry can be a double-edged sword.
"We need more people to get into the tourism business, but we need the best and brightest," Walker says.
"You go to places like Vietnam or Thailand and the service there is impeccable. They are our competition."
Interest rates an each-way bet amid confusing mortgage moves
News.com.au reported that it’s a great rates race, and millions of Australian mortgage customers risk being left behind.
Variable home loan interest rates are moving in both directions as lenders jostle for position, making now more important than ever to check your mortgage.
Research by comparison website Mozo.com.au found that more than a dozen smaller and mid-sized lenders increased variable rates last month, following the lead of major banks Westpac, ANZ and the Commonwealth Bank.
However, a handful of lenders announced variable rate cuts, including HSBC, online lender Tic Toc, and CommBank lowering its basic variable home loan product by a quarter of a percentage point to 3.89 per cent.
Property Club has secured $1b of interest only funding for Club members!
Contact your Property Mentor or enquiries@propertyclub.com.au to get access to this!
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
https://www.propertyclub.com.au/contact-us/
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!
Warm Regards,
Troy
Related Posts
Adelaide’s Growth Curve Is Steepening
Adelaide has entered a new phase of its property cycle, and the data confirms it. According to the Office of the Valuer General, the median house price in metropolitan Adelaide reached $925,000 in the December 2025 quarter. Twelve months earlier, it was $850,000. That represents a $75,000 increase in one year,...
- 12 February 2026
Stop Overthinking Refinancing
By Joe Linco, Club Broker at Property Club When the Reserve Bank of Australia raises interest rates, most borrowers react the same way. Repayments go up, pressure increases, and the issue gets parked for later. That pause is often what costs the most. After the most recent RBA rate rise, many homeowners and property...
- 11 February 2026
Why the February RBA Decision Matters More Than the Headline
With the Reserve Bank of Australia heading into its February interest rate meeting, borrower attention is back on rates, repayments and loan structures. Recent economic data has shifted expectations, and uncertainty is now the dominant theme. Inflation has proven slower to cool than anticipated, and that has placed...