Thursday, June 18, 2015

SMALL BUSINESS SHUTTING DOWN ACROSS THE NORTH

Despite  the  claims  of  the  Abbott Government that the  budget  has  turbo-charged  small  business ,  all  over North Australia  the  lights are going out ,  shutters  coming  down  on   many  businesses .

In Darwin, old  hands tell you  that business  is   tough and   that there  is   a   growing number  of  empty  shops.  It  is  widely  rumoured that  some  developers  are  in financial   trouble.     Houses  are  becoming  slow  to   sell , prices  coming down . With  the  new Paspaley Pearls  tower  soon to open in the CBD  it  is anticipated much of the space  will be taken up  by  government   departments  who  will move out of  existing buildings , resulting in  an  oversupply of  commercial  space .  

Several  Territory iron  ore  mines  have  closed  and   Rio Tinto’s  “ bombshell”  announcement that it   would not  put   any  more money  into  the ERA proposed  Ranger  3 Deeps ore body  underground  uranium mine  added to the uncertainty , causing ERA shares to  plunge  48 per cent .

The   Territory’s  unpopular  CLP  Chief  Minister ,  Adam   Giles  , now hanging on by  the  skin of  his  teeth , has   stirred  up  the workforce  by  wanting  to  bring in specialist  workers  from  overseas .    

In  Western Australia ,  houses   in  Karratha , which  were  selling for  $1million  during the  mining boom, are now being  offered  for $500,000 ,  with  next to  no takers and many  untenanted.

In   Queensland    the    media often  seems to have an unquestioning  cargo cult mentality when  reporting  proposed  mining and  other , often contentious ,  major projects.  The  ABC Media Watch   highlighted  errors  in the Murdoch   Brisbane  Courier Mail effusive  coverage  of   the  proposed  Adani  coal  project . A major  blue pointed out   being  that  the paper said the project would   result in 10,000  jobs. Not so, Adani  itself  said  1400. Nevertheless , the Townsville  Bulletin, another Murdoch  blat , ran  with  the 10,000  figure .

 In respect  of  small business  media  coverage  in  Townsville, this blog opined that  reporters  don’t seem to walk  about the   city and  see  obvious signs  of  stress and other  things happening on their patch , on  the  waterfront , not the subject of a hand out or  mentioned on vaporous social media  .  We  pointed  out  that  in  the  Castletown  shopping centre a number of  shops  had closed, one Heavenly Fragrance , the space  taken   over   by a  fishing tackle  venture...now  cleared  out   hook  line  and  sinker , empty .     

At  another  major  Townsville shopping centre , Stockland , Mathers  Shoes , part of  the  Fusion Retail  Brands  Pty. Ltd.  chain  ,  is  having a Townsville  closing   down sale . A  Mathers outlet  closed  in  Mount  Isa some time ago .
 
The collapse of another major firm , Carmichael Builders , in Townsville on an $18million aged care centre for Queensland Baptists   has    once again seen  subcontractors  left in the  lurch , owed  hundreds of  thousands.
 
Apart   from  many empty  shops and  workshops  up  for sale or lease in Townsville, there  are  many  other  going businesses  on  offer.   The ousted   former LNP Minister for Local Government  ,  Recovery  and  Resilience in the Newman  Government ,  David Crisafulli ,  is leaving   Townsville    for  Brisbane .      He  denied  that he would seek    preselection for  the federal seat of Herbert held  by his tubby , soft shoe shuffler  LNP colleague ,  Ewen  Jones  .     Jones   once  described  Crisafulli  as  Chicken Little , a pullet who  thought the  world was  coming  to an end . 

 Before  packing up  his  kitbag  and  heading  off  for BrisVegas, Crisafulli , whose electorate office in Aitkenvale  was  just  round  the  corner  from the adult shop ,  Cupid’s  Cabin,  vibrated  with  anger  when   he  spoke  about  the “ Labor hacks”.