A variety of businesses in the Darwin area report a slow down in trade. While some of this could be attributed to the end of the financial year , big ticket entertainment events , school expenses , political tensions and uncertainties, the shopkeepers say people are keeping a tighter grip on the purse.
On the other hand, Op shops appear to be experiencing increased sales, especially in clothing , which is interpreted as an indication of what is going on in the economy. High real estate prices , interest rate increases and high rents are contributing to the situation. With talk of 3000 defence personnel being shifted from Darwin to the Edinburgh base in South Australia, starting later this year, this is expected to have a considerable impact on the economy, hopefully on the availability and cost of accommodation .
The fact that Jetstar is reducing its service through Darwin is being read in some business circles as an indication that some of the oil and gas boom expectations and associated pressures could be diminishing.
A Queensland source in the real estate business says the market there is tough , with cautious buyers , some seeking bargains , lots of properties for sale and only reasonably priced ones selling. In Sydney, where real estate prices were rising before Easter , the market has turned down to a degree.
On the other hand, Op shops appear to be experiencing increased sales, especially in clothing , which is interpreted as an indication of what is going on in the economy. High real estate prices , interest rate increases and high rents are contributing to the situation. With talk of 3000 defence personnel being shifted from Darwin to the Edinburgh base in South Australia, starting later this year, this is expected to have a considerable impact on the economy, hopefully on the availability and cost of accommodation .
The fact that Jetstar is reducing its service through Darwin is being read in some business circles as an indication that some of the oil and gas boom expectations and associated pressures could be diminishing.
A Queensland source in the real estate business says the market there is tough , with cautious buyers , some seeking bargains , lots of properties for sale and only reasonably priced ones selling. In Sydney, where real estate prices were rising before Easter , the market has turned down to a degree.
