Why is Toowoomba such a Solid Performer?

People always ask me – “Why is Toowoomba such a Solid Performer?”

My answer is… because it has such a diverse and strong range of income and businesses coupled with the taste of a bigger city – yet with the ease and quality of life that a regional town can only bring.

According to ProperT Network, “This in turn attracts population growth, which places upward pressure on the supply of dwellings thus increasing capital values and rental yields.”

Toowoomba is Queensland’s biggest inland city and has a population of almost 160,000 which is projected to grow by 43% by 2031 to over 300,000 people.

With government investment, industry investment new jobs get created attracting population growth to fill these positions placing upward pressure on the supply of property to own or rent.

Brisbane West Wellcamp Airport is Australia’s newest airport and the gateway connecting Toowoomba and south-west Queensland to the World providing both domestic and International Services and hundreds of new jobs + major benefit to export providing growth after the signing of the China-Australia Free Trade Agreement.

The agricultural area, which is probably Toowoomba’s oldest industry – is not to be under estimated. The businesses that are required for this to fully function optimally and as successfully as it has for generations is necessitated through feed lotting, cotton, grass fed beef grain production –and that’s just to name a few. Many of these agricultural facilities are all within 60kms of the CBD of Toowoomba. As you can see, the supply chain for this industry is astonishing and all are based in Toowoomba.

After putting my 4 children through private schooling in Toowoomba, I have an intricate understanding of the costs involved and the amount of small businesses that are required for this sector to thrive.  Toowoomba is known for its world-class schooling and educational facilities – particularly for a regional community. There are 4 big schools (and several smaller too) that have over 800-1100 students in each with 200-400 having children that board at each school from all over the planet.  These children need to be fed, clothed, educated, run to sporting, singing, dancing, performing arts, all those extra-curricular activities – you get my drift! This allows for a lot of small businesses to thrive by catering to just this one sector of thriving families.

Service to the mining and gas sector is an area that has grown significantly in the last 10 years, while the coal seam gas industry has moved into an operational phase the on-going maintenance continues with Toowoombas suppliers manufacturing and delivering on a large scale.

Overall, you can’t dispute these mind blowing figures. Contact me today to discuss how I can help you maximise your investment opportunity in Toowoomba. 

Yours in property,

Paul.