Toowoomba Investment Property
Why Toowoomba?
Reasons to consider investing in Toowoomba include it is only 125 km west of Brisbane and is a fast growth inner regional centre in terms of population but more importantly Infrastructure creating new jobs … placing upward pressure on supply of homes to own or Rent in Toowoomba.
Toowoomba is in the Darling Downs region of Queensland and is a city certainly on the rise. It’s strategic location makes it well connected by major highways and railways providing easy access to Brisbane and other key areas. Adding to this is the Wellcamp Airport, which caters for over 80 domestic passenger services per week and has an international cargo hub that’s able to handle aircraft the size of the Boeing 747 – connecting this region of Australia to markets across the globe.
Toowoomba Population
Toowoomba is the largest inland city in Queensland with the population of around 160,000 people, planned to grow to over 200,000 by 2046. An increase in almost 37,000 new residents forecast for this period. Meaning around 16,000 new dwellings are needed to accommodate this future growth, creating an array of opportunities and challenges for the Region and investment opportunity for Industry and property investors alike.
Toowoomba sits at number 16 out of 50, in the largest urban centres, by population, so it is definitely a significant player high in the ranks. With a purpose of providing its citizens with good jobs, improved services and a great lifestyle.
The Darling Downs region is referred to as the countries food bowl, and the Toowomba Regional Council area, is the second most productive food region in Australia. But it is not just agriculture, Toowoomba is now widely recognised as the world drilling and servicing hub for onshore gas in Australia.
Toowoomba has many advantages over those considering moving to a new location with a lower cost of living and doing business, compared to Capital Cities, has state of the art health and award-winning education sectors and capital city lifestyle mixed with country charm.
Toowoomba Infrastructure
Toowoomba has a very healthy infrastructure project pipeline, having a ton of committed funding in the Queensland 2023 and 2024 budget, as per the released Regional Action Plans.
- There is a one point $1.1 billion for infrastructure and capital works
- $1.3 billion on health infrastructure improvement
- $64 million education development plan
- $28m for social housing
- $311m for disaster recovery
- $6.1m for upskilling Queenslander’s for work
- and the list just goes on and on and on
Total funding of those projects over the coming years of each project and not just the 23/24 allocation, you get a good idea of the tens of billions of dollars being invested into this region. This is only State Funding to the end of 2024. Meaning it doesn’t include Federal or Local Governments nor Private Projects budget for infrastructure investment.
Some Infrastructure Projects include ….
Take a look at some of these other projects Toowoomba has in the Pipeline, they are very significant and visionary.
- $2bn state of art of Bailey Henderson hospital master plan. Offering unrivalled health and knowledge Precinct experience. Centered around the new hospital itself. valued at $1.3bn dollars with construction starting this year.
- Of strategic importance in transport, is the Inland Rail project. Featuring the largest diameter diesel freight tunnel in the Southern Hemisphere. This project comprises of two separately funded parts in the region including the $1.4 billion dollar Gowrie to Heildon line and the $1.4bn dollar Border to Gowrie line. This is new track through Toowoomba and Lockyer Valley region,
- The $360m Toowoomba to Warwick regional water pipeline
- Toowoomba’s CBD is poised for a $250m dollar arts, culture, business and conference Precinct adding immense value to the city
- There are also multiple renewable energy initiatives in the Pipeline including the $4bn dollar Macintyre Wind Precinct which is already underway
- The $1bn dollar Big Tea pumped Hydro Power storage project
- The Toowoomba Enterprise hub, a vital transport infrastructure project, is one of the most significant Transport, Logistics and Business hubs to be seen in Australia. Well located amongst many major multimodal freight facilities, covering more than 2,000 hectares of Industrial land.
- The Toowoomba Enterprise hub has 3 Major stakeholders who are building it out. Firstly, Interlink SQ which is a fully approved $280m dollar inter- modal terminal rail Precinct and Industrial Park, covering 200 hectares that is currently under construction.
- Secondly we have WhitMac industrial park and Charlton Logistics Park building the $250m dollar Charlton industrial Precinct to support industrial growth and attract manufacturing businesses to the region
- Thirdly the Wellcamp Business Park which is a master plan 500 hectare here Business Park Estate. Parts of the park are now operational such as the $110m dollar major Freight terminal and the $100m dollar Pulse Data Centre.
- More projects in the business park are planned and more are near completion such as the $550m dollar Wellcamp Aerospace & Defence Precinct which will be a leading innovation and advanced manufacturing campus where Boing will manufacture cutting edge military aircraft.
- When fully operational the Toowoomba Enterprise hub inject billions of well invested dollars into both the Local and National economy every year
- The University of Southern Queensland has a $200m dollar plus, master plan upgrade to its facilities. Toowoomba is also getting a $197m dollar sporting precinct that will provide a mix of high quality fields and amenities for a variety of outdoor sporting activities and a district level recreation park.
- The $650m dollar Southern Queensland Correctional Precinct Stage 2 is also under construction.
- There’s a $450m dollar Toowoomba Wellcamp Entertainment Precinct, planned to be Queensland’s largest incorporating Motorsport driver training, Olympic spec sporting fields and a 40,000-person performing arts venue and more
- Lastly the $150m dollar redevelopment of the Toowoomba Railway Parklands. This will transform the area into a vibrant Urban space featuring residential commercial and recreational activities
What this means for Toowoomba and you the Investor
Toowoomba has many more infrastructure projects on the go and planned for in the planning stages.
These extensive projects collectively, reflect and indicate a significant growth trajectory for Toowoomba and the Region. Jobs attract population growth. Population growth places high pressure on supply of dwellings to own and or to rent. Property value usually increases under these conditions as do rental yields.
Giving you the investor an opportunity for Capital Growth + Higher Rental Yields.
This type of infrastructure investment is an undertaking in a place, that is ensuring continued growth in the Region. The impact on Toowoomba’s future, as a direct result of these significant Infrastructure Projects will stimulate both the Economy and the creation of new jobs.
Government and Industry Investment positively impacts a Region
New employment means the area has a strong need for new people, and these new residents need places to live.
Your investment opportunity.