Industrial and Residential Land Booming
Toowoomba’s unprecedented road, rail and air infrastructure projects are opening new economic doors for the city’s businesses on an interstate and international scale.
This has given the city the reputation as Australia’s ‘inland port’, as service industries leverage the possibilities with leading specialist advice of LJ Hooker Commercial Toowoomba.
LJ Hooker principal Mike Stewart said the key to unlocking Toowoomba’s opportunities globally, including Asia, was the city’s accessibility to the Port of Brisbane and beyond.
He said the $1.6 billion Second Range Crossing would transform road access from Brisbane, delivering $2.4 billion in economic and productivity gains in the next 30 years.
Toowoomba’s Wellcamp Airport and the future Inland Rail are also creating significant freight and distribution solutions.
LJHCT provides strategic counsel and marketing services for Witmack Transport and Logistics Hub - part of the wider Toowoomba Enterprise Hub at Charlton – including the land sale to BP for the creation of the Westbound Service and Truck Stop.
“Transport and logistics specialists are anticipating the efficiencies for their operations and are putting in plans to scale
up. Toowoomba’s square metre rates for industrial property and developable land are considerably cheaper than Brisbane and hold few urban limitations,” Mike said.
New infrastructure, industry and comparative housing affordability is enticing families and business to Toowoomba and the South West region.
Toowoomba is the region’s focal point, offering a diverse and sophisticated lifestyle.
The average house price is $383,000, and homeowners have enjoyed steady year-on-year growth of 21% over the past five years.
While some regional areas relied on just one industry and struggled to grow, the SWQ region was one of the most diverse economic bases outside of a capital city.
“We’ve embraced new economic pillars that are attracting people who want a country lifestyle and professionally rewarding career,” he said.
“With the support of government investment and private operators we’ve seen the tourism sector grow exponentially, taking in the whole region, from Toowoomba’s Carnival of Flowers and food culture, to Warwick as the gateway to the Granite Belt, joining the visitor wine and nature trails.
"Further west we see Roma, with the biggest cattle saleyards complex in Australia and events like the Chinchilla Watermelon Festival paying homage to the agricultural heritage of the region.”
Mike said LJ Hooker worked collaboratively to cover an area of 8000sq km, “ensuring we unearth every opportunity in every marketplace for our customers”.