FUTURE VISION
AND A SOUND
INVESTMENT

Job opportunities abound for Toowoomba residents, with easy access to large employment centres as well as connectivity to Brisbane and beyond.

A quick glance into the regional economy reveals why Toowoomba is destined for success.

  • $10 billion development spend in the Toowoomba region
  • $1.5 billion resource section, 17% of local gross regional product
  • $8.19 billion gross regional product
  • $366,000 median house price
  • The Toowoomba region represents Australia’s leading agricultural sector in production and innovation
  • Toowoomba is Australia’s largest inland city after Canberra with expected population growth of more than 40% by 2031
  • 86 primary and secondary schools and two prime tertiary education facilities
  • More than 3 million visitors to the Toowoomba region each year

So start counting the potential benefits for your lifestyle and your investment. The future is bright and the opportunity is first class.

ECONOMIC HIGHLIGHTS

The $100 million Wellcamp Airport welcomed its first passengers in November 2014, and first export to Asia in November 2015, following a 2-year construction period. The airport is part of a master plan that includes an industrial park, hotel and DFO shopping outlet.

In August 2015, the contract to finance, build, operate and maintain the $1.6 billion Toowoomba Second Range Crossing linking the Warrego Highway at Helidon Spa in the east to the Gore Highway at Athol in the west, was awarded. The project will create 1,800 jobs and will help increase economic activity in the region by $2.4 billion over 30 years. At its completion, the bypass will divert almost 80% of heavy and super heavy commercial vehicles away from the existing range crossing and reduce east to west travel times by 40 minutes.

REGIONAL
PROFILE

Toowoomba is located 130km west of Brisbane on the Great Dividing Range. It sits at the junction of the Warrego, New England and Gore Highways. The capital of the Darling Downs, Toowoomba was voted the fourth most family-friendly city in Australia, and is considered the gateway to the Darling Downs agriculture region and the Surat Basin mining precinct.

Toowoomba has a population of approximately 162,000, making it the largest inland city in Queensland. The population is projected to grow to 195,000 by 2031 as a result of the changing demographics: a younger buyer and rental group is emerging as the age structure in Toowoomba is polarized. The median age in Toowoomba is 37 and working age habitants make up 53% of the population.

The Queensland Government Statistician’s Office expect the Toowoomba West Statistical Area Level (SAL) to be Toowoomba’s fastest growing region. Its population currently sits at 11,700 people and is projected to reach just over 33,000 residents by 2036. This translates into a requirement for an additional 7,500 dwellings during the timeframe.

Figure 5 Projected population change, Toowoomba – West SA2 and Queensland

Click graph above to zoom in.

ECONOMY AND
INFRASTRUCTURE

Toowoomba plays a vital role in supporting surrounding regional economies via its provision of education, health, construction and business services. The region’s economy generates over $10 billion annually and is expected to grow to $20 billion by 2030, according to a new study from PriceWaterhouseCoopers. The Toowoomba region led the state in business confidence, general business conditions, sales and revenue, employment levels and capital spending. The Queensland Chamber of Commerce reported that Toowoomba – the state’s number one agricultural region – is the backbone of the Queensland economy. One of the tightest labour markets in the state, Toowoomba’s unemployment rate stands at 4.4%, significantly lower than Queensland and Australia’s unemployment rates which currently sit at 6.3% and 6%, respectively.

The main industries for employment in Toowoomba are Health Care and Social Assistance (13.9%), Retail Trade (11.4%), Education and Training (10.4%), Manufacturing (9.0%) and Construction (8.0%). The bulk of the workforce is made up of Professionals (18.4%), Technicians and Trades Workers (15.5%), Clerical and Administrative Workers (14.4%) and Labourers (12.7%).

The completion of the $30 billion Australia Pacific LNG Project in April 2015, which involves the extraction of CSG in the Surat Basin, is expected to sustain 1,000 ongoing jobs over its 30-year lifespan. Similarly, the $15 billion Queensland Curtis LNG Project, completed in December 2014, has created a further 1,000 permanent positions and have an operating life of 20 years. Toowoomba will reap economic benefits from these projects, as LNG Project employees will likely seek rental accommodation in the Toowoomba LGA, the nearest city to the Surat Basin. Activity in the Surat Basin will expand and improve the amenities provided in Toowoomba, and encourage further investment in the region.

The Toowoomba Range road works, valued at $80.5 million, were recently completed. The project involved flood reconstruction works and has made the range accessible under extreme weather conditions to all 28,000 vehicles that use the highway daily. Additionally, the $20 million Gore Highway upgrades from Toowoomba to Millmerran to repair flood damage and reduce future flood impacts were also recently completed.

Tourism is a significant contributor to the economy, with events such as the Carnival of Flowers, Hampton High Country Food, the Arts Festival, the Australian Heritage festival and the Australian Camp Oven Festival drawing in over 1.6 million visitors to the region.

Toowoomba has a reputation for quality schools and colleges. It is home to both TAFE and university campuses, as well as the new $35 million Highfields State High School, which is the region’s 86th school.

The opening of additional medical and dental facilities has improved the accessibility of medical services in the region. The expansion of the oncology and mental health wards and day patient services at St Andrew’s Hospital will also minimize the need for regional patients to commute to Brisbane hospitals for treatment.

GLENVALE

Glenvale is a young suburb located four kilometres West of the Toowoomba CBD. The suburb is currently home to over 2,000 residents but this figure is expected to almost triple by 2036.

The suburb is dominated by family households with median personal, family and household incomes all above state average. The primary attraction of the suburb is its two major schools – Glenvale State School and Glenvale Christian School. The institutions provide education for over 1,000 students and ensure the suburb’s popularity amongst families.

Glenvale also boasts an advantageous position on the Western fringe of Toowoomba – making it the closest major suburb to The Toowoomba Enterprise Hub. The expected influx of available jobs upon completion of the hub has led some analysts to predict that Glenvale will require an additional 1,000 dwellings to satisfy demand.

For more details please view the Location Map

INVESTMENT
AND THE FUTURE

Strong infrastructure investment is underpinning the positive outlook surrounding the Toowoomba region. The most recent Development Status Report from the Toowoomba and Surat Basin Enterprise shows over $10 billion in projects are either proposed, approved or underway within the region. Over 70% of these projects are in infrastructure and services, whilst the remaining 30% are split between resources, property and construction. The region can be confident of realising the majority of the benefits associated with these projects as over $5.5 billion in investment is currently in the approved or construction phases.

Logistics and transport infrastructure is the largest segment benefiting from the region’s astounding investment, boasting over $2.1 billion in approved projects and a further $3 billion awaiting approval. The region has intelligently positioned the Toowoomba Enterprise Hub to capitalise on the growth of demand for agriculture in Asia and domestically.

The hub is a 2,000-hectare parcel of land comprising the Brisbane West Wellcamp Airport, Wellcamp Business Park, InterlinkSQ and Witmack Industry Park. It represents the intersection of air, road and rail connectivity in one strategic location to offer the ultimate export connectivity for the region’s agricultural producers.

The $200 million Wellcamp Airport was recently completed by the Wagner Family and is already operating freight flights to Asia on a bi-weekly basis. In addition to its commercial operations, it is anticipated that the airport will cater to over 500,000 annual passengers within the next two years – adding a significant boost to the region’s tourism industry.

The associated Wellcamp Business Park offers facilities to cater for aviation, transport, corporate and mining services, while the Witmack Industry Park and InterLinkSQ provide logistics and industrial warehouse solutions, capable of storing regional produce and materials for infrastructure projects. Once all sectors are fully operational, the Toowoomba Enterprise Hub is expected to provide employment for 12,000-15,000 people.

The Enterprise Hub is also connected to the region’s two major transport and infrastructure projects: the Melbourne-to-Brisbane and the Toowoomba Second Range Crossing.

Construction is slated to begin on the $1.6 billion Second Range Crossing in mid-2016, bringing an additional 1,800 jobs to the region. Over the 30 years to 2048, Toowoomba is expected to receive an impressive $2.4 billion in economic and productivity gains, derived from improved freight efficiencies and increased connectivity.

The 1,700km Melbourne-to-Brisbane Inland Rail Project is expected to deliver economic benefits of around $22.5 billion to the Toowoomba LGA, improving the capacity and reliability of one of the country’s fastest growing freight corridors. Construction is yet to begin, but the costs of this mammoth infrastructure project are estimated at $10 billion, $3 billion of which has already been committed by the Federal Government. The 10-year development will create 16,000 direct jobs and provide for a further 600 regular jobs once operational.

These infrastructure and logistics projects position Toowoomba as the prime hub for processing and transporting Australian exports to Asia and major domestic markets. The region can be confident of strong economic growth as these industries continue to expand at a rapid pace throughout the rest of the decade.