In a historic shift, the Liberal National Party (LNP) has secured the seat of Mackay for the first time in over a century, marking a major change for the local political landscape.
This win aligns with the state outcome, where David Crisafulli's LNP government triumphed over Steven Miles, ushering in a new era for Queensland.
For Mackay's business community, these changes could mean:
✅ Renewed focus on regional development
✅ Support for key industries like mining and agriculture
✅ Potential benefits for local small businesses
🏛️ Mackay View of State-Level Politics
On the state level,
Premier Crisafulli’s plans include reassessing infrastructure projects, including those linked to the
2032 Olympics.
Such initiatives could create opportunities for regional centres like Mackay, potentially benefiting:
🛠️ Local contractors
🏗️ Service providers
This could be a turning point for local economic growth and job creation.
🌍 Global Impact on Mackay’s Economy
Globally, the re-election of Donald Trump adds a new layer of complexity.
His administration’s stance on trade and international relations could influence commodity prices , directly impacting Mackay's mining sector .
Key implications include:
📉 Potential shifts in demand for local resources
💰 Impact on the economic landscape
👷 Effects on jobs in our community
📊 What to Watch: The Unemployment Numbers
As we look ahead, Australia’s unemployment numbers , expected early in 2025 , may hold the key to a potential rate cut .
Economic realities are such that:
🔼 Higher unemployment increases the chance of a rate cut , as demand weakens
✅ Ideally, low inflation and low unemployment coexist
🧩 Balancing the two is a significant challenge for governments and the Reserve Bank
💡 Local Market Outlook
In Mackay:
🏡 Southern buyer interest remains at all-time highs
👨👩👧👦 Strong local interest as well
📦 Steady supply of stock coming onto the market
This balance signals a healthy market for now.
🔍 Looking Ahead
With both local and global dynamics at play, it’s worth keeping an eye on economic indicators that could impact our community in the year ahead.
