Galt Global Review

QFS 360

August 10, 2005
business digest


Australian Roundup

By Faye Mallett

headlines:
Australian Outback to get broadband Internet
Households spending up to $1000 a week
Employment boom continues


Australian Outback to get broadband Internet
A satellite deployed in a rocket launch from South America has will bring broadband Internet access to the remotest corners of Asia, including rural Australia.

The orbiter will deliver high-speed connectivity to Asian villages and Australian outback towns that lie far off fiber-optic cable grids.

The Thai operator of the satellite hopes to serve four million people from India to China to New Zealand. The service area covers 14 countries, with data routed through 18 "gateways", similar to switching stations used in telephone systems.

Gateways include Australian outback towns Broken Hill and Kalgoorlie and major cities Bangkok and Mumbai.

Worth more than $522 million, the IPSTAR-1 is the world's largest civilian communications satellite and is owned by the family of Thai Prime Minister Thaksin Shinawatra. The IPSTAR-1 is expected to stay operational in orbit for 12 years

Households spending up to $1000 a week
Many Australians are now spending more than $1000 a week on housing, food, clothes and technology.

The Australian Bureau of Statistics' Household Expenditure Survey, a snapshot of the spending habits of Australians compiled every 5 years, revealed households in 2003 and 2004 spent an average of $883 a week on goods and services, an increase of $182 since the last survey in 1998 and 1999.

The most expensive capital city is Darwin rather than Sydney (average household spending, $1080 a week, compared to Sydney's $1022 a week), although the differences between Darwin, Canberra and Sydney are not large enough to be significant. Tasmanians spend less per week (about $753) than other Australians.

Most of this money is still spent on housing, food and clothes, but the survey found that spending on mobile phones and new technology has increased by 183 per cent in the past five years.

Other significant increases over the past five years have been interest payments on mortgages, up 47 per cent to $38.24 a week, and education, up 41 per cent to an average $16.32 a week, as parents choose to send their children to private rather than government schools. The cost of childcare has also increased, up 34 per cent to $4.78 a week.

Employment boom continues
Employers hired an extra 12,700 workers in July, extending the current employment boom in Australia into its 11th month.

Since August last year, the workforce has grown by 374,100 positions, or 3.9%, and the unemployment rate has dropped from 5.6 to 4.9%. This is the lowest level in 29 years.

All states are enjoying some of the gains, with Western Australia and Queensland in particular enjoying a resources boom. These states have high levels of participation in the workforce, with 68.3% of West Australians and 66.9% of Queenslanders employed.

Victoria and South Australia both have had workforce increases averaging 3.3%, and employment in NSW and Tasmania has risen 2.2%.

The continued growth in the workforce has puzzled Australian economists, who had expected slower economic growth to result in fewer jobs.