What they are saying about Toowoomba Investment Property!

There is a lot of talk about Toowoomba Investment Property at the moment, and with very good reason.

Rental Vacancy Rates 1.3% (Queensland Market Monitor Published by the REIQ Dec 2013)

.  Number One Investment Hotspot in Australia (Smart Property Investment Report 2013)

.  Australia’s most populous Non-Capital Inland City (most recent ABS statistics).  

Lowest Unemployment rate in the Country at 1.9% (Suncorp Bank Report 2013).

The Service town of the Surat Basin with over $1 Billion injected from the Surat into the Toowoomba economy each year (Queensland Resources Council 2013).  

Billions in public and private investment committed for the next decade including a redevelopment of the CBD, the multi-billion Toowoomba bypass upgrade, Wellcamp International Airport and Business Park.

At Success in Property we warn against investing in locations solely reliant on the resources boom.  In this respect, Toowoomba is more than just a base for mining companies. It has a diverse economy with major industries including manufacturing, agriculture and education. Toowoomba has more than 23 private schools and a technical college, as well as being home to a campus of the University of Southern Queensland.   Toowoomba is a “prime example of a strong regional economy that benefits from the resources boom but doesn’t rely on it – making it a safe long-term bet for investors.

We feel that Toowoomba has a diverse economy, a secure water supply … and an exciting future given everything that is happening in the neighbouring Surat Basin, Australia’s new resources boom province.

TOOWOOMBA: KEY POINTS

• District Population of 157,699
• Expected Average Annual Growth Rate of 2.0% forecast until 2031
• Located 127km West of Brisbane on the Great Dividing Range
• The Service Town of the Surat Basin which is expected to become Australia’s largest energy province
• 7 Major Shopping Centre Destinations
• 4 Main Hospitals
• 32 Primary and 18 Secondary Schools
• 76 hectare University of Southern Queensland Campus
• Southern Queensland Institute of TAFE’s largest Capmpus
• “The Garden City” with 150 public parks and gardens

TOOWOOMBA: “BACKBONE OF THE STATE ECONOMY”

A November 2012 report by the Queensland Chamber of Commerce and Industry rated the Toowoomba region as the backbone of the state economy (Terry Ryder – Hotspotting Report Dec 2013). 

The chamber’s Queensland Pulse Report ranked the Southwest region centered on Toowoomba as the leader in all key economic areas except one. The region led the state on business confidence, general business conditions, sales and revenue, employment levels and capital spending.

 According to the Toowoomba Regional Council Manufacturing is the largest contributor to gross regional product; agriculture is the largest industry in terms of the number of businesses followed by property business services, retail and trade.

TOOWOOMBA BYPASS & CBD DEVELOPMENT

Toowoomba Bypass:
  The $1.66 billion Toowoomba Bypass project which will provide a new range crossing and road to bypass the city has now been given the go ahead by both the State and Federal Government.

  On the 31st of January 2014 Deputy Prime Minister Warren Truss announced that works on the bypass will start in early 2015 with the Federal Government to commit $1.36 billion towards the project.

CBD Development:
  Two of Toowoomba’s major shopping centres: Grand Central and Garden Town will be refurbished and linked via an overpass.

This is expected to trigger major works associated with the City Centre Master Plan.  The State Government has already committed $45 million towards the Master-Plan with the desire to rejuvenate the central business district, including the development of a new library of 3,600m2.

TOOWOOMBA AIRPORT & BUSINESS PARK

Wellcamp Airport is on track to be operational in the third quarter of 2014.  Wellcamp is designed to cater for large jets up to 747 size, allowing for even the largest of airfreight into and out of the region.

Wellcamp will be the first Greenfield public airport built since Melbourne’s Tullamarine (built over 47 years ago) and will be the first privately built public airport in Australia.

Wellcamp Business Park incorporating Brisbane West Wellcamp Airport will be the business hub of Toowoomba and regional Queensland. With an aviation, logistics, transport, corporate and mining services focus, Wellcamp Business Park will be Queensland’s premier airport precinct.

Wellcamp Business Park will be a destination in its own right with wide landscaped streets, parklands, first class presentation of buildings, all leading to a modern regional airport terminal.

The Queensland government forecasts Highfields, 14 kilometres north of Toowoomba, along with Toowoomba south-east, Toowoomba west and Westbrook, 12 kilometres south of Toowoomba, to grow the fastest over the next four years.

 If you would like to discuss Toowoomba Investment Property then feel free to contact us on 0409228554.