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South-east Queensland

May

IAG CEO Nick Hawkins and RACQ CEO David Carter announcing the deal in November.

IAG gets regulator tick to buy automobile club insurer in Queensland

The ACCC said Suncorp, Allianz, QBE, Youi, Auto & General and Hollard would compete with IAG after it buys RACQ.

March

Lingering Alfred slows efforts to return power to hundreds of thousands

Almost 350,000 properties are without power as storms disrupt recovery efforts; Brisbane and Gold Coast airports will resume flights on Sunday. How the day unfolded.

Cyclone Alfred Brisbane gif

The agony of Cyclone Alfred: Residents await storm’s fury

Queenslanders face a tense wait as the first tropical cyclone in decades heads for the state’s south-east.

Gold Coast breaks another wave height record

Big waves are pounding the Gold Coast; flights suspended in northern NSW and Queensland. How the day unfolded.

Trump draws applause from Democrats after Ukraine comment

Donald Trump details his letter from Volodymyr Zelensky in the longest-ever speech at a joint session of Congress. How the day unfolded.

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November 2024

Insurance Australia Group and RACQ pitched this deal as a win/win. When we look back in five years’, it is much more likely there will be a winner and a loser.

Hello sunshine! IAG can’t resist pull up north

Strategically, the RACQ Insurance acquisition is a sound deal. Its success (or otherwise) comes down to price.

IAG CEO Nick Hawkins, left, with RACQ CEO David Carter on Thursday.

IAG in big Queensland push with $855m RACQ insurance deal

The major insurer already owns NRMA and CGU, and has a joint venture with RACV. This deal gives it access to RACQ’s 1.7 million members.

October 2024

Not here, but where? And how much? Premier David Crisafulli has rejected an upgrade for QE2 in Nathan, but hasn’t yet said where Brisbane’s Olympic Stadium for 2032 will be.

Brisbane’s nation-leading construction inflation an Olympic hurdle

Cost escalation has come off its extreme highs of two years ago. But Queensland leads the national league table and that’s a problem for the new government.

Protesters outside the South Australian parliament last week before a narrowly defeated bill to outlaw terminations after 27 weeks and six days.

Back to the ’70s: Why we’re fighting about abortion rights again

Veteran activists are shocked by the noisy resurfacing of the political minority that views abortion as a crime.

September 2024

Star Entertainment has held talks with regulators, lenders and investors for nearly two weeks. It is seeking short-term financial relief.

Queensland government set to hand Star Entertainment a tax lifeline

Street Talk understands the state government has agreed to morph Star’s looming tax bill into a Treasury loan.

July 2024

The Blue Grass solar project has been funded by equity from KKR and Brookfield which allowed construction to start in October 2020.

Azure, Natixis shop Brookfield-owned X-Elio’s Blue Grass solar project

Street Talk understands the Spanish renewable developer, a 100 per cent Brookfield-owned company, is seeking to part with its interest in the 200 megawatt-peak solar farm and battery project.

May 2024

Why pouring your own water might save your favourite restaurant

Amid a stream of high-profile restaurant closures, leading industry figures have been forced to adopt minor service changes to control price increases.

The Queensland government is urging developers to build higher density homes.

Miles gives in to councils with $350m bid to fast-track housing

The Queensland premier will unveil a new fund to fast-track housing development in urban areas across the state, incentivising developers to transform industrial zones and low-density suburbs.

Member-owned RACQ is the sunshine state’s second-largest insurer.

RACQ back on block, again, as Bank of America fires up sale

BoA’s crack financial institutions team Mike Evans and Pete Nicholls are understood to be leading the effort.

January 2024

A rescue in Bray Park in Moreton Bay.

Locals ‘traumatised’ as more heavy rain hits Queensland

Queensland’s south-east has again been saturated by heavy rainfall, causing flash flooding in areas still reeling from severe weather last month.

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In the Townsville suburb of Kelso, Tropical Cyclone Kirrily brought down power lines and trees, crushing two cars.

Clean-up from Kirrily begins following ‘tense’ evening

No lives have been lost in the cyclone and 65,000 homes and businesses across the region remain without power.

A satellite image of Tropical Cyclone Kirrily as the category 3 system approached the Queensland coast on January 25.

Cyclone Kirrily brings rain, winds after crossing coast

Tropical Cyclone Kirrily is expected to “rapidly decay” after crossing the Queensland coast as one of the most powerful systems seen in the north.

October 2023

Bendigo Bank said it will pursue organic growth in Queensland.

New Bendigo chairman not giving up on Queensland dream

David Foster, a former boss of Suncorp Bank, has taken the chairman’s seat at Bendigo and Adelaide Bank, and remains keen to grow in regional Queensland.

Queensland Treasurer and Minister for Trade and Investment Cameron Dick.

Venture capitalists Queensland-bound after govt investment fund rammed

Funds could also apply for up to $500,000 in operating expenses to establish themselves in God’s Country (aka Queensland).

August 2023

Brisbane players team up for $2b Toowong project

More than $1 billion could be invested into developing an amalgamated site in Brisbane’s inner west, resulting a mixed use project with an end value close to twice that. 

Original URL: https://www.afr.com/topic/south-east-queensland-624