Building & Development Activity Report

Details: Last Updated: Friday, 23 July 2021 11:52

The latest Building & Development Activity Report was published in June 2021.

Report highlights

Toowoomba Region has been a major beneficiary of the Australian Government HomeBuilder grant, with a surge in vacant residential land sales and building approvals since the grant announcement in June 2020. This has fuelled a residential construction boom which is likely to extend through 2021 and into 2022.

The Wagner Corporation is developing the Toowoomba Regional Trade Distribution Centre (RTDC), an export facility adjoining the Toowoomba Wellcamp Airport that will deliver over 4,000sqm in gross floor area comprising of 1,500sqm of state-of-the-art refrigerated storage, freezer rooms and temperature-controlled transit areas as well as large ambient transit and covered external storage areas.

The Darling Downs Hospital and Health Service has lodged plans for the approximately $1.8 billion Toowoomba Hospital Redevelopment project with the State Government. A Ministerial Infrastructure Designation approval will facilitate the relocation of the Toowoomba Hospital to the 74ha Baillie Henderson Hospital site at Cranley.

The FKG Group will soon commence the development of the AATLIS Innovation Precinct – a state-of-the-art 760ha master-planned, purpose-built industrial precinct, where advanced manufacturing meets digital technology and collaborative research.

Toowoomba is emerging as a potential medicinal cannabis capital of Australia, with two major projects proposed (Asterion and Medibis).

Work on Australia’s largest freight rail infrastructure project ‘Inland Rail’ is well underway. Connecting Melbourne and Brisbane via regional Victoria, New South Wales and Queensland, this 1,700km rail project will significantly improve the national freight network, connecting producers to markets and creating new opportunities for businesses, industries and regional communities, including the Toowoomba Region.

Toowoomba is an emerging transport and logistics hotspot of national significance, being connected to major road, rail and air transport corridors, providing access to national and international networks.

Toowoomba is a leading agribusiness hub and includes primary production, large scale intensive greenhouse horticulture, food processing, agtech and research, supported by an extensive logistics infrastructure and professional services.

National investors are snapping up Toowoomba commercial property with secure cash flows and long lease terms in the hunt for yield, stability and good prospects for capital growth.

Toowoomba housing remains extremely affordable, with 52.8% of all house sales and 82.5% of all unit sales recorded during 2020 priced below $400,000.

Toowoomba offers an enviable lifestyle and is supported by world-class health, education, shopping, entertainment, research and social infrastructure.

Read the full Building & Development Activity Report 2021

Coronavirus disclaimer: The report data and commentary is based on pre-coronavirus conditions. The 2021 Building & Development Activity Report, with fully informed commentary and data updates, will reflect the coronavirus economic impact to the Toowoomba Region.