Investment, Opportunity and Lifestyle

Page 1

INVESTMENT OPPORTUNITY + LIFESTYLE BUSINESS MAGAZINE [ SUMMER 2014/2015 ]

+

ONE OF AUSTRALIA’S GREATEST REGIONS OPENS UP TO THE WORLD

TOOWOOMBA TAKES FLIGHT

1


◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

05 INVESTMENT, OPPORTUNITY + LIFESTYLE Toowoomba’s time to shine ..................................03 Opportunity abounds.............................................04 Queensland’s most family friendly city ................05 Toowoomba takes flight .................................06, 07 Destinations take off.............................................07 Under construction................................................08 A glowing forecast .................................................08 The missing link.....................................................09 Developing Toowoomba’s future ....................10,11 Rise in population sees boost in skills.........................................................11 Gateway to the resource boom......................12, 13 Working hand in hand............................................14 Harvesting potential..............................................15 Toowoomba university advances in agriculture ..........................................................15 Retail gets renovated .....................................16, 17 Local real estate levels soar ................................17 Embracing community...........................................18 Entertainment galore ............................................19 Learning for the future ...................................20, 21 Meet our experts .....................................22, 23 ◆

This publication is brought to you by the Toowoomba and Surat Basin Enterprise (TSBE). For more information regarding investment opportunities in the Toowoomba region, please contact TSBE on (07) 4639 4600.

2

19


TOOWOOMBA’S TIME TO SHINE A BOOM IN DEVELOPMENT AND A FLOOD OF INVESTMENT OPPORTUNITIES SEES THE REGION TAKE OFF

ABOVE: Toowoomba Regional Council’s planning staff look over their plans for the city. LEFT: One of the many prosperous crops in the region. RIGHT: Some of the area’s prime cattle. CONTRIBUTED

investment to redevelop Toowoomba’s Grand Central and Gardentown shopping centres, resulting in a 30,000 square metre retail, entertainment and leisure destination. Toowoomba is Queensland’s number one agriculturally productive region and a national leader in this sector. “Agriculture has proven to be a key economic driver for the region, with our premium food producing status both for domestic and international markets, particularly those in Asia, strengthened by food processing and growing manufacturing sectors,” Mr Charles said. Adding to the region’s comparative advantage in agricultural produce, is the University of Southern Queensland’s $30 million investment over five years in its agricultural research program and the establishment of an Institute for Agriculture and the Environment. The cost of doing business remains a key focal point for companies, with lowering overhead costs a high priority. “Toowoomba is already home to the headquarters of a number of national firms, and more big

businesses are considering regional areas, like Toowoomba, as attractive locations,” Mr Charles said. “The cost of land and labour alone in regional centres is far less than in CBD locations, and opportunities are less restrained given the greater land availability and lower living costs.” Opportunities for business land availability has significantly increased with the establishment of the Toowoomba Enterprise Hub, a 2000 hectare State Government priority zoned development area. Within the Toowoomba Enterprise Hub, there are multiple developers offering large industrial size land packages at competitive prices to interested businesses. Heeding the Toowoomba and Surat Basin region as the ‘go-to’ area for economic and investment opportunity, TSBE remains a vital piece of the puzzle, supporting business viability in the region’s increasingly successful economic story. “We are seeing big opportunities for businesses and those wishing to relocate to the Toowoomba region — the time is now to get in at the ground floor,” Mr Charles said. ◆

Ground-breaking new developments aren’t the only thing to get excited about when it comes to Toowoomba’s opportunities. While it’s true the region has become a hot spot for infrastructure spending, expecting to top a whopping $2.8 billion over the next three years thanks to the Toowoomba Range bypass, the Grand Central redevelopment and the Brisbane West Wellcamp Airport, there is far more to Toowoomba than these great investment opportunities alone. As a region underpinned by four key industries — with the agriculture, health, education and resource sectors providing the region with a glowing reputation — the population is set to swell, and businesses in the area are thriving as a result. There are more than 12,000 businesses in the Toowoomba Regional Council catchment area, and they are among those benefitting from the increasing cash flow in our economy. They’re also passing the benefits along, with unemployment currently one per cent below the national average and employees earning above their national averages. But even better than this, the increasing profits of local businesses are enabling them to get behind local charities, with $1.2 million raised during a luncheon recently for prostate cancer research. It’s a promising time to be operating in Toowoomba, and we expect business to remain strong into the future, based not only on the solid foundations we have in the region, but also thanks to all the exciting investments planned. Helen Jentz Toowoomba Chamber of Commerce

3

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

T

here is a palpable sense of optimism in Toowoomba. And that is for good reason, says Toowoomba and Surat Basin Enterprise’s (TSBE) chief executive officer Shane Charles. “Over the next 10 years, Toowoomba will be the epicentre of infrastructure in Australia,” Mr Charles said. With the increased connectivity that world class infrastructure brings, there is also plenty of opportunity. While Toowoomba will see great benefits associated with becoming the inland transport and logistics hub for Australia, some specific opportunities exist right now for: ◆ Freight and logistics companies ◆ Food processing and manufacturing ◆ Exporting products to Asia and the world ◆ Property and hotel development ◆ Agri-business ◆ Well drilling and servicing for existing and emerging onshore basins in Australia, including the Cooper, Surat and Galillee basins. “Big things are happening,” Mr Charles said. “Not only are we realising the potential of the region with increased connectivity, but we are seeing opportunities and developments in agriculture, construction, resources – particularly in terms of coal seam gas and coal – and a strengthening food processing sector.” The development of coal seam gas has certainly been a facilitator for investment and has proved a viable asset contributing, along with the resource sector, $2.1 billion to the local economy. Construction alone produced $1.4 billion in gross revenue. Aiding in the region’s construction success story is QIC’s $460 million

IT’S BUSINESS TIME FOR TOOWOOMBA


◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

OPPORTUNITY ABOUNDS

I

believe there’s no more exciting place to be in Australia at the moment than the region of Toowoomba in southern Queensland. Situated a one and a half hour drive from the state’s capital Brisbane, Toowoomba is one of Australia’s largest inland and most diverse regional cities. Established as a vibrant service centre to Australia's second most productive agricultural region, Toowoomba is rapidly transforming into one of the nation’s most robust economies. As new opportunities in agriculture emerge, the region is also being buoyed by its proximity to the Surat Basin, one of Australia's richest accessible resource reserves. With the broader regional population now nearing 160,000, unprecedented opportunity is changing the face of the Garden City. Undergoing an infrastructure injection on the grandest of scales, Toowoomba is set to be an economic powerhouse in the years ahead. A jet-capable, privately-funded airport on the outskirts of the city has created a sense of expectation for locals and investors alike. Connectivity, previously out of reach for our vibrant city, is set to change the economic and social landscape of the region. Expected to be catering for up to 1.36 million passengers within five years, early estimates point toward a contribution of more than $225 million to gross regional product over the same period. A lack of air-connectivity, that until now has held the region ransom to its capital cousin Brisbane, was only part of a wider infrastructure deficit for the region. Set on the crest of the Great Dividing Range, some 700 metres above sea level, Toowoomba is the

4

MAYO R PAU L ANTON IO OF THE TO OWO O M B A R E G I ONAL C OUNCIL EXPLAINS WHY IT’S HIS CITY’S TIME TO S H I N E

‘‘

THE TO OWO OMBA REGION IS SET TO LEAD THE WAY IN AUST RALIA WITH GROW T H , DIVERSITY AND O P P O RT U N I T Y AND OUR M E S SAG E IS CLEAR – TO OWO OMBA IS OPEN FOR BUSINESS.

MAYOR PAUL ANTONIO

gateway to greater south-western Queensland, as well as a focal point for both interstate and intrastate freight movement. The Toowoomba Range section of the Warrego Highway currently carries 23,000 vehicles per day, of which almost 21 per cent are heavy vehicles. Interestingly, close to 50 per cent of the burgeoning Port of Brisbane’s trade emanates from or travels to areas west of Toowoomba. Recognising the role the Toowoomba region is set to play in both the state and national economies, Queensland and Australian Governments have recently announced the construction of the Toowoomba Second Range Crossing, a bypass route north of Toowoomba. The $1.7 billion project, recently dubbed by Minister for Infrastructure and Regional Development Warren Truss MP as Australia’s biggest inland road project, will commence construction in mid-2015 and is set to further cement Toowoomba’s vision of becoming an inter-modal transport hub. The third leg of the trifecta is also within our reach, with the Federal Government’s renewed commitment to the Melbourne to Brisbane Inland Rail Project. Toowoomba Regional Council has advocated for our place on the link and current planning indicates our potential has been recognised. Indeed, a group of local investors are developing an intermodal terminal and industrial precinct in readiness for the extra connectivity this will bring. The massive potential for the increased export of fresh local meat and produce into Asia is being rigorously explored. As Queensland’s top agricultural region, the Toowoomba Regional Council area generated more than $720 million in gross value agricultural production in 2012.

Our independent economic development organisation, Toowoomba and Surat Basin Enterprise is taking the lead in developing relationships with Asian markets, particularly China, where reports indicate demand for food is growing, driven by Asia’s strong economy, growing personal incomes, demand for safe foods and tight supplies. This infrastructure boost is building further confidence in a region already well known for its diverse and stable economy. Taking into account the airport and the bypass, the current total development spend in the Toowoomba region is more than $11 billion including other transport network upgrades, development of industrial accommodation, mining investments and a major shopping complex redevelopment in the centre of the city. Further, we expect other industries like agriculture, logistics, aviation, and corporate services to continue and prosper, and council continues to look for new ways to expand business links both nationally and internationally. While we work to harness and nurture economic development, council also recognises very clearly that this growth needs to complement the quality of life we are well known for here in the Toowoomba region. Our laid-back lifestyle, rich agricultural heritage, beautiful natural scenery, and close-knit communities have long been a feature, and we are fully committed to preserving what makes us unique for future generations. There is no doubt Toowoomba is on the cusp of major growth and our community is excited and ready to seize the opportunities before us. The Toowoomba region is set to lead the way in Australia with growth, diversity and opportunity, and our message is clear – Toowoomba is open for business. ◆


QUEENSLAND’S MOST FAMILY FRIENDLY CITY Murgon

Gympie

Goomeri

Kingaroy

Sunshine Coast

Nanango

Chinchilla

Yarraman

Dalby

Crows Nest Highfields

Brisbane

Toowoomba

Ipswich

Pittsworth Millmerran

Gold Coast Coolangatta Warwick

Tweed Heads

Inglewood Stanthorpe

ABOVE: Toowoomba’s parks provide the perfect place for families to relax and have fun. LEFT: Toowoomba is in a prime position, situated a 90 minute drive from Brisbane yet with access to the opportunity-rich Darling Downs. CONTRIBUTED

W

hile Toowoomba’s economic credentials continue to strengthen, the lifestyle on offer has always been recognised as one of the city’s most endearing features. Offering residents the very best of both city and country life, Toowoomba has traditionally been known as the Garden City. The title is a reflection of the rich soil, temperate climate, and strong community pride that exists in a community steeped in tradition, yet bold with ambition. Strong levels of employment, affordable housing, excellent health facilities, exceptional educational opportunities, and a strong sense of safety, have culminated in

Toowoomba being named two years running in the top five most family friendly cities in Australia by Suncorp Bank’s Family Friendly Index, both in 2013 and 2014. With a median house price below $340,000, a major university, more than 80 schools, a maximum average of 27 degrees Celsius in summer and an average low of seven degrees Celsius in winter, it’s not hard to understand why the rapidly expanding opportunities are attracting an influx of new businesses and residents keen to be part of the region’s success. Last year, Toowoomba created employment twice as fast as the rest of Queensland, with jobs growing at 0.71 per cent compared to 0.36 per cent for Queensland, and the region’s current unemployment rate of 4.14 per

cent, is almost two per cent lower than the state and national average. A drive through the picturesque region will quickly reveal an abundance of parks and open space, with council’s parks and gardens staff maintaining close to 200 children’s playgrounds. The renowned Empire Theatres precinct is the epicentre of the region’s cultural networks and offers theatre goers experiences expected only in larger centres. Toowoomba is also one of a handful of local government areas in Queensland to be declared a ‘refugee welcome zone’. On the doorstep of the Granite Belt’s premier wine region, and within a leisurely 90 minute drive to Brisbane, Toowoomba is the perfect place to live, work and play. ◆

2 3 6 10

Australia’s second largest inland city

Queensland’s third most affordable region to live in

Queensland’s sixth largest city

Tenth largest growing local government area in Queensland

5

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

Oakey

Caboolture

Esk


TOOWOOMBA TAKES FLIGHT ◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

WITH THE OPENING OF AUSTRALIA’S FIRST PRIVATELY-FUNDED PUBLIC AIRPORT IN TOOWOOMBA, THE SKY’S THE LIMIT FOR THE DARLING DOWNS

I

t made headlines across the country and has even received acknowledgement for its ambitious vision around the world, and that was all before Brisbane West Wellcamp Airport had even been built. Now that the airport has officially opened, and with the lift-off of its first commercial flight on November 17, countless economic opportunities for the region have arrived. Australia’s newest public airport in 50 years was developed by local Toowoomba family-owned company Wagners, and comes as part of the more than $11 billion being spent on development in the Toowoomba region. Its 2.87km runway and state-of-the-art terminal has attracted attention from some of the nation’s biggest travel providers, with QantasLink the first to sign on and currently offering twice daily return flights from Sydney with connections to Melbourne, Hobart, Adelaide, Perth and beyond. The airport has also become a hub for regional Queensland, with Regional Express Airlines also providing intrastate flights on routes between Toowoomba and Brisbane, St George, Cunnamulla, Charleville, Birdsville and Mount Isa from January 1, 2015. But while this ground-breaking development has earned appreciation from local residents as the first airport to cater for regular public jet services for the Toowoomba and Surat Basin region, it’s the business and freight opportunities the airport’s location offers that will provide the most benefit. Acting as a major freight gateway to Toowoomba and southern Queensland — one of Australia’s hot spots for investment and industry due to its reputation as Australia’s second largest agricultural basin, a major resources hub, and one of Queensland’s major

6

‘‘

OUR BUSINESS IS BA SED HERE AND WE NOT O NLY WA NT TO SEE TO OWO OMBA PROSPER — WE WA NT TO SEE THE REGION GROW FOR THE BENEFIT OF OUR CHILDREN AND G R A N D C H I L D R E N, AS WELL AS THE WIDER C O M M U N I T Y. J O H N WAG N E R

toowoombaenterprisehub.com.au

precincts for health, education and manufacturing — Brisbane West Wellcamp Airport has opened up significant domestic and international export opportunities. Toowoomba’s key agricultural outputs, including chilled and live beef, dairy, pork, chicken, horticulture products, fruit and vegetables, will now be able to be transported in the cargo holds of aircraft. As a result of these opportunities, the latest independent economic studies have estimated that by 2019, Brisbane West Wellcamp Airport will generate nearly half a billion dollars worth of business per annum within the local Toowoomba economy. Wagners chairman John Wagner says he’s excited by the prospects this project will bring to the region. “We are developing a five-star business park and when we went to talk to people about relocating to Toowoomba, they indicated that it was too hard to get to so we felt it would make it easier for us to attract investment in the region by building this airport,” Mr Wagner said. “Toowoomba’s been hamstrung by its lack of accessibility and connectivity by air travel, therefore we wanted to fix that. “Our business is based here and we not only want to see Toowoomba prosper — we want to see the region grow for the benefit of our children and grandchildren, as well as the wider community.” The economic boost it has brought to the region isn’t the only aspect of Brisbane West Wellcamp Airport that has made news. The mammoth project was completed just 18 months after

construction began in April 2013. This is a record time-frame previously unheard of in Australian aviation history that was made possible by Wagners’ extensive background in construction materials and the innovativetechniques used on the project. All heavy construction materials used in the creation of the airfield pavements were able to be quarried and processed on the site thanks to Wagners’ being a supplier of cement, flyash, lime and reinforcing steel, in addition to their already impressive repertoire. It’s an impressive feat that has earned global construction, logistics and infrastructure company Wagners much acclaim, with international identities now looking to Brisbane West Wellcamp Airport as a template for the construction of future airports, not only in other parts of Australia, but also around the world. “We weren’t surprised it made an impression,” Mr Wagner said.


NEW FLIGHT DESTINATIONS TAKE OFF

CONTRIBUTED

“It’s a great airport and that we were able to build it from start to finish in just 18 months is a great achievement.” Toowoomba’s new airport is also gaining attention for its innovation in producing a minimal environmental impact. It’s the first airport ever to be constructed using Wagners’ award-winning Earth Friendly Concrete — the lowest carbon, cement-free geopolymer concrete currently available in the world. There has been more than 30,000 cubic metres of Earth Friendly Concrete used in the airport’s terminal, aprons, runway, and access bridges, reducing the carbon emissions for construction by more than 6600 tonnes and proving Brisbane West Wellcamp Airport was community and environmentally minded long before it was bolstering the local economy. Extending the opportunities

Brisbane West Wellcamp Airport has brought to the Toowoomba region is the Wellcamp Business Park, which covers 500 hectares of the total site of 2000 hectares. A five-star precinct designed to generate further investment in the area, the business park will become home to various companies looking to take advantage of the development’s valuable proximity to the first privately-owned public airport servicing Australia’s second largest inland city. The complex has land available for lease or sale for businesses looking to capitalise on the region’s growth, and is suitable for a range of companies and industries, from avionics, aviation support industries, logistics and transport, warehousing, manufacturing, food processing and factory outlets. Wagners’ managing director Denis Wagner says the business park has been in the pipeline since 2001.

“In 2001 the State Government and the local shire council were looking for areas for future large scale industrial development, and after much public consultation and exhaustive studies, the need was identified and Wellcamp was rezoned as a major industry hub,” Mr Wagner said. “Brisbane West Wellcamp Airport will be a world-class business precinct. “It will generate employment opportunities in Toowoomba and the region, it will entice new industries to Toowoomba and the region, it will help us broaden and develop our skill base for this region, and it will give us connectivity to the world through convenient air travel.” While forming only one part of a bigger plan for Toowoomba, Brisbane West Wellcamp Airport and the adjoining Wellcamp Business Park have created a strong foundation for future developments to build on, and they are providing benefits that will only strengthen the region in the years to come. ◆

7

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

FAR LEFT: Kathryn Barnett gets ready to fly from Brisbane West Wellcamp airport. ABOVE: Denis, Joe, Henry, Mary, Neill and John Wagner celebrate the arrival of the first plane to land at Brisbane West Wellcamp Airport. LEFT: Aerial shots show an impressive structure. RIGHT: John Wagner and QantasLink chief executive officer John Gissing with one of the planes to fly out of the airport.

A QantasLink spokesperson has revealed the passenger carrier is delighted to be the first carrier to start services from Australia’s newest private airport. “We’re offering 11 services a week to Sydney, and the opening of the new airport has unveiled new growth opportunities for the wider region, so it’s something that we are very excited to be part of. “We’re a lifeline to millions of Australians who live sometimes thousands of kilometres from a capital city and hundreds of kilometres from the nearest town.” As a major procurer of local goods and services in the regions, from catering to accommodation, the company will bring many benefits to the region. The spokesperson says the opportunity to help connect Toowoomba and other regional centres like it is important to the carrier, adding that tourism is vital to the region and is an aspect that should be focussed on. “We carry tourists to resorts; farmers, social workers, teachers, medical staff and resource industry workers to the outback; and even politicians to and from the nation’s capital Canberra. “We also market and promote many local tourism and business opportunities in regional Australia and sponsor a wide range of regional sporting and cultural events across Australia, in addition to supporting the Qantas Group's broader contribution to domestic tourism promotion. “We hope to continue this trend in Toowoomba and work closely with many business and tourism operators in the region — in particular the Toowoomba Regional Council, the Toowoomba Chamber of Commerce, Toowoomba and Surat Basin Enterprise, Southern Queensland Country Tourism and other key stakeholders — to promote the new QantasLink services to the wider community.”


TOOWOOMBA GETS A GLOWING FORECAST FOR CONSTRUCTION

◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

According to the latest figures from the ABS and positive sentiment from the region’s builders, Toowoomba’s building and construction is booming with positive times on the horizon. The latest building approvals reveal that housing construction in the region is particularly buoyant, with total dwelling approvals up almost 25 per cent compared to the previous 12 months, with a positive outlook ahead. Master Builders’ latest Survey of Industry Conditions indicates confidence is also on the up, with feedback from members that trading conditions in the industry remain solid. While not growing at the same pace, commercial construction remains steady, with improving confidence in the market. Toowoomba is well placed to continue this growth with a range of new large scale projects in the pipeline, including the Toowoomba Range bypass and development around the new airport precinct. These projects are contributing to a boost of confidence in the local economy, with all indicators suggesting Toowoomba is a great place to invest. One of the main reasons for Toowoomba’s strong and relatively stable economic performance is its diverse economic base. Added to this, housing affordability relative to many other regional centres is good, unemployment is low and Local and State Governments are committed to investing in public services and infrastructure. If you work in the core building trades, there are plenty of opportunities to either change career, start a new one or get ahead. Master Builders offers a range of training courses to help grow skills and careers in an industry that continues to prosper in the greater Toowoomba region. Grant Galvin, Master Builders Queensland

8

LEFT: One of the new residential land construction sites, Sanctuary Rise. BELOW LEFT: The latest edition to the Empire Theatre lights up. BELOW RIGHT: The new Northpoint Shopping Centre is among the region’s latest additions improving lifestyle. CONTRIBUTED

UNDER CONSTRUCTION

TOOWOOMBA’S REPUTATION AS A BOOM TOWN CONTINUES AS THE BUILDING INDUSTRY THRIVES

W

ith a wealth of employment opportunities, a thriving reputation for its active lifestyle and quality education, and a growing investment portfolio, it should come as no surprise that Toowoomba is in the midst of a construction boom. According to Master Builders Queensland’s June 2014 regional summary, the Darling Downs and South West Queensland are leading the state’s employment, capital expenditure, level of work and average wage figures for the sector. These positive results are a reflection of Toowoomba’s growth; the increasing population and rising level of investment across a variety of sectors providing proof that we can expect big things in the city’s future. Area manager for Hutchinson Builders’ Toowoomba office Rob Weymouth has backed this sentiment, stating that his company has recently diversified to include construction, civil, modular, pipework and fire rating work so they

can take advantage of all the growth markets in the area. “We are very confident in the continued growth of our region,” Mr Weymouth said. “There has been an increase in the value of construction undertaken in our region over the last three years.

‘‘

THERE HAS BEEN AN INCREASE IN THE VA LU E OF CONSTRUCTION UNDERTA KEN IN OUR REGION OV ER THE LA ST THREE YEARS. RO B W E Y M O U T H

“This has been linked to development in the Surat Basin, plus the strong business and agriculture foundations of our economy. “We have obviously seen an increase in civil, accommodation and services projects associated with

the Surat Basin, plus the local subdivision and residential market have shown strong growth.” But while industrial and residential buildings are leading the charge, there is plenty of work underway designed to improve the region’s lifestyle and cater for its growing population. Mr Weymouth says his company has completed three stages of work upgrading local icon, the Empire Theatre, and has recently been engaged to design and build the new $24.5 million Toowoomba City Library. Covering an area of 2560m2, with a further 1031m2 of additional community facilities, this project will add to the already impressive collection of cultural and civic enriching facilities available to the public in Toowoomba. As highlighted by Master Builders Queensland, this construction boom has further benefitted the city by boosting jobs, and whether you’re a worker in the trade or one of the thousands of future employees of the businesses brought to town by this expansion of the city, the opportunities are hard to beat. ◆


THE MISSING LINK THE CONSTRUCTION OF AN INLAND PORT IS SET TO OPEN EXPORT OPPORTUNITIES BY CONNECTING TOOWOOMBA TO SOME OF AUSTRALIA’S MAJOR CITIES

BOLD VISION: The InterLinkSQ will provide something Toowoomba’s never seen.

CONTRIBUTED

‘‘

RAIL IS THE FUTURE OF OUR FREIGHT AND LO GISTICS INDUSTR I E S AND OUR PRECINCT IS IN A P R I ME POSITION TO SUPPORT BOTH ROAD AND RAIL FREIGHT MOVEMENTS. JOHN DORNBUSCH

toowoombaenterprisehub.com.au

of both imports and exports via road, rail, air or sea. John Dornbusch, chairman of the company behind InterLinkSQ, says while the impending Inland Rail construction linking the ports of Brisbane and Melbourne will boost the operation of the terminal, the region’s growing focus as a transport and logistics hub will be the initial focus of the development. Rail operations from the terminal are expected to commence on the current rail line and will only increase with the advent of the upgraded line through to the Port of Brisbane. “This has been supported by the current Federal Government focus on the Inland Rail planning and the introduction of the Implementation Group, chaired by John Anderson,” Mr Dornbusch said. Deputy Prime Minister, the Honourable Warren Truss MP also supports this. “This government knows Inland Rail is a project that we absolutely have to get right and one that we need sooner rather than later,” Mr Truss said. Mr Dornbusch says the decision to forge ahead makes complete sense. “Rail is the future of our freight and logistics industries, and our precinct is in a prime position to support both road and rail freight movements,” he said. InterLinkSQ will feature a railway terminal with nearly three kilometres of frontage to the West Morton Rail Line and the Inland Rail alignment. Its 200 hectare precinct will offer more than 100 hectares of direct private connection to the terminal, providing companies with a time and cost saving option in freight movement. InterLinkSQ will provide the missing link when it comes to rail transport in the Toowoomba region – a modern, efficient terminal for the transfer of

freight onto and off of rail. It will be an economic catalyst, creating jobs and bringing business to the area, helping to support the infrastructure investment in the airport and road network upgrades. The rail precinct will include grain and commodities storage, processing and loading facilities, rail maintenance and provisioning, and a large container handling and storage area. Large drive-through sites with requisite ancillary services are also part of the master plan, as well as a truck breakdown and reconfiguration area with 24-hour secure parking, while Australian Quarantine and Inspection Service clearing and customs bond facilities will also be accessible on site to ensure the safe passage of material. General and cold-store housing, transport depots, food manufacturing facilities and other support services ensure everything needed for the smooth transportation of products is available all in the one place, and also provides an opportunity for businesses to consolidate operations to more conveniently and efficiently address domestic and international markets. Fully serviced lots for InterLinkSQ will range from two to 25 hectares, with businesses who are looking to invest having the option to buy or lease property from design and construct, and land-only options. As the centre of the industrial and agricultural hub, and with investment opportunities for businesses looking to make the most of Toowoomba’s new connectivity at the forefront of their mind, it’s full steam ahead for Freight Terminals as they boost Toowoomba’s status as a freight and logistics epicentre with InterLinkSQ. ◆

9

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

F

or years Toowoomba has been lining up to become the agricultural capital of Queensland, but has been inhibited by its lack of accessibility. However, a recent spate of developments is set to cultivate the region’s raw potential into an economic powerhouse. There’s the announcement of the Toowoomba Second Range Crossing to be completed in 2018 — a much-needed second road set to halve the time it takes to travel through the city, the pre-construction planning of the highly-endorsed Inland Rail Project to begin this year, and the Brisbane West Wellcamp Airport, which opened its doors in November. InterLinkSQ has been designed to capitalise on the region’s improved connectivity, strong economy and growing freight task by providing an intermodal terminal and industrial precinct featuring a rail and container terminal. Located 13km from the Toowoomba CBD, InterLinkSQ will be positioned at the northern end of the Toowoomba Enterprise Hub — 2000 hectares of industrial land on the western outskirts of the city, that is set to become a catalyst for major economic growth in the region and the state. Its key strategic position alongside the current Western Rail line and at the junction of the Warrego, New England and Gore Highways, as well as the Toowoomba Second Range Crossing, currently offers both rail and road-train accessibility and connectivity. With the development of a rail Port Shuttle service to the Port of Brisbane underway, and with its close proximity to the Brisbane West Wellcamp Airport, it ensures quick and easy transportation


BOTTOM: An artist’s impression of the new Quest Serviced Hotel. ABOVE: An aerial view of Witmack Industry Park. LEFT: The Vinidex complex in the Witmack Industry Park. RIGHT: The Iplex pipeline located in the Witmack Industry Park. CONTRIBUTED

DEMAND EXPANDS TOOWOOMBA REGION’S DEVELOPMENT ACTIVITY

T ◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

oowoomba is undergoing unprecedented development, the scale of which has not been seen before, thanks to the recognition from Federal and State Governments of the role Toowoomba plays as a regional capital. And given the forecast local construction company the FKG Group’s group manager for property development, Dallas Hunter has given, it’s a sector that’s only going to grow. “A range of constructions taking place across the region, including QIC’s expansion of Grand Central shopping centre, the Brisbane West Wellcamp Airport and $100 million worth of industrial and business development for the FKG Group, highlights the growth in the region and that we will continue to see high demand for vacant land in Toowoomba,” Mr Hunter said. Such changes, he says, cover a broad range of areas, from expansion in the residential sector to major developments in industry, retail, education and health. The Toowoomba region is already under pressure to meet the growing demand to accommodate the influx of visitors attending events such as the Toowoomba Carnival of Flowers and the FKG Tour of Toowoomba. This attraction to the region is set to continue with the opening of the Brisbane West Wellcamp Airport, placing further strain on an already underserviced hotel and motel industry. Construction companies across the region have been contracted to build a string of new buildings, including the new Laguna Service Apartments, and the new eight level, 74 room Quest Serviced Hotel due to open in June 2015, which will become a sight to behold, incorporating the church as the entry and reception in the modern new apartments. “The inclusion of a tower crane on the CBD skyline has been a welcome sight,” Mr Hunter said. Unit development in Toowoomba is also experiencing a string of activity driven by two factors — the first being the entry of Brisbane and interstate investors into the market. This in part has been driven by the positive property market outlook given

10


DEVELOPING TOOWOOMBA’S FUTURE

‘‘

DA L L A S H U N T E R

toowoombaenterprisehub.com.au

Iplex Pipelines, Vinidex, Boral, Savanna Energy and Saxon already established and operational. FKG Group were the company behind Witmack’s construction, and Mr Hunter says they’re happy to see it thriving. “A number of businesses are already seeing the significant competitive advantages for those who are keen to access and service the coal and coal seam gas developments,” Mr Hunter said. “We are currently adding a further 34 hectares of adjoining greenfield land with Warrego Highway frontage, and we’re negotiating with a number of users who need the direct highway access.” On top of the monumental developments in the residential and industrial sectors, there’s plenty of other major projects shaping the future of Toowoomba. From the redevelopment of Grand Central and Gardentown shopping centres, a new shopping centre in the neighbourhood of Northpoint and a major expansion of the Centrepoint bulk goods centre — a development currently in the approval stage set to be undertaken by the local rural producers DA Hall of the Sunny Queen Eggs group — there’s much to get excited about. The impact of the growth of the Toowoomba region includes the education sector, where school facilities are expanding and upgrades are taking place. Toowoomba Grammar School is undergoing an expansion of facilities, which will accommodate boarding students and enable existing boarding houses to be converted to art and drama studios and an industrial design, technology and robotics centre. Meanwhile, the FKG Group is just completing the construction of a new high school at Highfields for the Queensland Department of Education set to open to new students in 2015, and Highfields will have a second high school, with Catholic Education planning a new school for the 2016 school year. Bringing Toowoomba forward as a service, infrastructure and residential hub and with systematic economic boosts, it’s clear the region is quickly becoming a hot spot to watch – and with the innovative, entrepreneurial activity Toowoomba’s industry is fostering, it’s set to become a barometer of growth for Queensland, if not the country. ◆

Toowoomba has recently seen a growth of new opportunities in the region and due to this, it is expected that Toowoomba will see an influx of jobseekers looking to make the most of these ideal market trends. Despite the fact the region is seeing a steady number of hospitality, construction and engineering jobs, along with an abundance of civil construction works happening, there are limited apprenticeships and traineeships stemming from these new projects. This is where group training organisations are able to step in and provide major projects with apprentices and trainees for the required timeframe of the projects, without the relevant companies needing to continue employment after the project is completed. The most buoyant employment market currently appears to be the labour hire sector, with labourers, drivers, and people from a variety of professions looking to work on short term projects. Toowoomba has great opportunities for young people and The Apprenticeship Company has extended their scope to provide pre-employment courses in construction and hospitality, which have proven to be very successful in their employment outcomes. For those looking to ensure they place themselves in the best stead to get a job in the Toowoomba workforce, there are some worthwhile steps to take. Networking with your local group training organisation and participating in employment programs can be a valuable exercise to undertake, and we offer a number of these opportunities. Training has been one of our main driving forces over the past year, as excelling in desired skill sets boosts your employability. Darren McDonell Downs Group Training

11

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

A N UMBER OF BUSINESSES ARE ALREADY S EEING THE SIGNIFICANT COMPETITIVE ADVA NTAG ES FOR THOSE WHO ARE KEEN TO ACCESS AND S E RV I C E T H E C OA L A N D C OA L SEAM GAS D EV E LO P M E N TS.

by industry experts such as Terry Ryder and Michael Matuzik. The second driver in the market, and the catalyst for significant development, has been the Toowoomba Regional Council’s decision to offer an infrastructure charges incentive for infill development, which has seen unit development approval jump from the normal 400 to 500 back to pre-GFC levels of more than 1200. In terms of residential land development, Mr Hunter says Toowoomba is experiencing strong development supported by a strong market and sales activity. Clive Berghofer Land Sales is continuing to develop their substantial land bank throughout Toowoomba, Highfields and Westbrook, with three estates currently being constructed and sold in the popular areas of Middle Ridge, Highfields and Nelson/Kearney St Estate. However, Mr Hunter says the eastern side of Toowoomba, and the Wilsonton and Glenvale suburbs are the ones to watch, with FKG currently working in these areas to meet demand. “We’re developing some 101 lots on the eastern side of Toowoomba on Ruthven St near the KMart shopping centre,” Mr Hunter said. “The Sorrento Estate is under construction, with stages 1 and 2 sold out, proving just how popular the area is.” In the industrial sector, the Toowoomba Enterprise Hub is making waves as the largest greenfield industrial precinct in Australia, housing significant transport, logistics and business hubs. Strategically located just more than one hour from Brisbane and at the intersection of four major highways — the Warrego, New England, Gore and Cunningham Highways — it brings together air, road and rail connectivity. The hub revolves around three major stake-holders: Brisbane West Wellcamp Airport and Wellcamp Business Park, InterLinkSQ, and Witmack Industry Park. Witmack Industry Park was the first industrial estate in the Toowoomba Enterprise Hub, with construction beginning in 2011 due to an infrastructure agreement with the Toowoomba Regional Council, where FKG’s provision of required services and funding was the catalyst for development to commence. It has attracted global and national business entities to the area, including

RISE IN POPULATION SEES BOOST IN SKILLS


◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

GATEWAY TO THE RESOURCE BOOM WITH A ROARING TRADE DRIVING LOCAL INVESTMENT OPPORTUNITIES, TOOWOOMBA IS THE PRIME LOCATION TO TAKE ADVANTAGE OF THE SURAT AND COOPER BASIN’S RESOURCES SECTOR

C

oal seam gas is an increasingly popular resource that many companies are investing in to help power our nation — and the south-west Queensland region is overflowing with it. With a vast number of projects located in the region dedicated to extracting this valuable resource, the local economy is benefitting in more ways than one. While the resources boom may be subsiding in other parts of the country, the sector continues to thrive in Toowoomba and its surrounding regions, contributing greatly not only to the local economy through production and expenditure, but also to local job creation and increased infrastructure. One of Australia’s leading drilling and well-servicing companies, and

12

home-grown Toowoomba-based business, Easternwell is among the many groups invested in the region’s resources. Chief executive officer of their energy business Warren Willmington says their decision to focus their efforts within the region, like many of the companies now in the area, was driven by the incredible prospects forecast for its future. “We expect our well servicing and camp management to grow significantly and that the emergence of shale gas will provide lots of opportunities,” Mr Willmington said. Such opportunities include major contracts with key players within the sector such as QGC, with whom Easternwell has multiple contracts worth in excess of $42 million each, Arrow Energy and Santos. The economic perks aren’t limited to

‘‘

WE EXPECT OUR WELL SERVICING AND CA MP MANAG EMENT TO GROW SIGNIFICANTLY AND THAT T HE EMERGENCE OF SHALE GAS WILL PROV I D E LOTS OF OPPORTUNITIES. WA R R E N WILLMINGTON

the companies who are pouring their money and efforts into the region either. South-west Queensland’s economy is, of course, a major beneficiary of the resources boom. Mr Willmington says the company contributed $110 million to the Queensland and South Australian economies in 2013 in equipment, supply and service provider overheads, and while this is an extraordinary boost, it’s just the tip of the proverbial iceberg. In 2013, the State Government recorded more than $20 billion injected into Queenland’s economy from liquid natural gas alone, so when combined with the incredible prosperity of the coal seam gas industry, the figures are astronomical. But it’s local job seekers and their communities who are really winning.


CONTRIBUTED

Mr Willmington says more than a third of Easternwell’s 60-strong rig fleet and in excess of 60 remote mobile camps are based in the Surat and Cooper Basins, and with 65 per cent of their workforce located in rural Queensland, this is opening up significant employment opportunities for the region. “We are one of the largest employers in Toowoomba and we employ locally – focusing on providing genuine training and career progression opportunities for our people,” Mr Willmington said. “Investing in our people to take advantage of future growth opportunities is critical; including attracting people to the region to work for us.” The benefits extend beyond the industry and those within it too.

Through the sponsorships and grant programs run by the businesses in the sector, community organisations have profited exponentially, meaning an investment in the local resources industry is an investment in the future of Toowoomba. “We have provided more than $115,000 to 110 community organisations through our Easternwell Community Grants program,” Mr Willmington said. The constant development in the Darling Downs and south-west Queensland’s resources sector is also placing the region at the forefront of innovation. Easternwell’s newest drilling and workover rigs represent a step change in the current rig technology available in Australia. As a subsidiary of Australian operations, maintenance and

construction conglomerate, Transfield Services, Easternwell has had the backing to expand and explore innovative technology and develop workover rigs that are highly mobile through their versatile and modular design — which means operators will be able to move rigs 365 days a year with no permits required. This revolutionary design also means a conventional workover rig package, including air packs, is reduced by 40 per cent, minimising loads and reducing its environmental footprint by removing spill fluid and power systems. This use of the best technology in Australia has begun to be rolled out with QGC’s Tight Gas Sand project in the Bowen Basin. The introduction of Easternwell’s latest rig, built specifically for the

high pressure and temperature of shale gas drilling, began operations in November this year. As the gateway to the resources boom taking place in and around the Darling Downs and Surat Basin regions, Toowoomba is the perfect location for people wanting to take advantage of the exciting opportunities available. Brimming with the benefits of being the largest inland city in Queensland, including access to excellent education options, a booming real estate market, and facilities catering to all lifestyles while maintaining the relaxed attitude and minimal traffic of a regional town, Toowoomba makes the perfect home base for employees of the resource industry and their families. ◆

13

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

LEFT: The team at Easternwell in Surat Basin are looking forward to working on new workover rigs. ABOVE: One of Easternwell’s latest advancements in drilling technology is the cyber chair control centre.


WORKING HAND IN HAND

◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

INNOVATION IN THE DARLING DOWNS MINING SECTOR SOWS THE SEEDS FOR A BRIGHTER FUTURE

‘‘ WORKING THE LAND: The team at New Hope Group work to rehabilitate their mined land for agricultural use. CONTRIBUTED

T

he Darling Downs region is renowned for its prosperity in mining; it’s a driving force in the growing local economy, and in addition to producing much of the nation’s resources, also accounts for much of the state’s job creation. But behind the thriving local resources sector is a realm of impressive innovation that is not only advancing the industry’s productivity, but also paving the way for a more environmentally responsible approach that will see mining and agriculture work hand-in-hand in what many will perceive as an unlikely partnership. Leading the way in this promising field is the New Acland Coal Mine, the largest project by New Hope Group, which has been operating on the Darling Downs since 2002. Located 35 kilometres north-west of Toowoomba, New Acland currently produces approximately 4.8 million tonnes of thermal coal per annum and employs approximately 300 locals directly, with a further 160 full time contractor jobs and thousands more indirect jobs. But what makes this project so revolutionary isn’t just its production of Tivoli brand coal — one of Australia’s cleanest burning coals — but its successful rehabilitation of mining areas into farmland. New Hope’s chief executive officer Shane Stephan says his company’s

14

establishment of farming, grazing and land management enterprise, the Acland Pastoral Company (APC), has been vital in carrying out New Hope’s sustainability plan, and it continues to demonstrate the ability for mining and agriculture to co-exist by farming mine buffer zones and rehabilitating mine areas for the return to grazing. “APC oversees 10,000 hectares of land, including grazing about 2000 head of cattle and managing 2400 hectares of crops, which are primarily sold in the Darling Downs region,” Mr Stephan said. “More than 300 hectares have been rehabilitated and returned to cattle grazing land in our land management program, which ensures that mined land converts back to productive agricultural uses as well as conservation areas.” APC’s manager Ben Muirhead says the company is currently conducting its second year of scientific cattle grazing trials on rehabilitated mined land, partnering with the University of Southern Queensland (USQ) and independent agricultural consultants Outcross, to refine the program. USQ experts are investigating the soil chemistry, structure and microbial activity, while Outcross is supervising the latest round of cattle grazing trials. “This second stage of the five-year program will be very important in identifying any improvements we can make in these cattle trials and any other factors that may affect the

MORE THAN 300 HECTARES HAVE BEEN REHABILITAT E D A N D R ET U R N E D TO CAT T LE GRAZING LA ND IN OUR LA ND MANAG EMENT PROGRAM, WHICH ENSURES THAT MINED LA ND CONVERTS BA C K TO PRODUCTIVE AG R I C U LT U R A L US ES AS WELL AS CONSERVAT I O N A R E A S. SHANE STEPHAN

performance of cattle on rehabilitated land,” Mr Muirhead said. “In the first year, the weight gains for the cattle on the mined areas were slightly higher than the benchmark data for the local area. “It is expected that these results will continue into the second phase of the trial. “For this second round of cattle trials we have sourced the cattle from the same supplier, which ensures we are comparing the same breed, genetics and age for all beasts in the study.” Mr Stephan says while mining companies have social license to operate and legislative obligations to rehabilitate land successfully, it is also imperative for New Hope to return mined land to productive use. “With only a small part of the total land area being actively mined at any one time, it makes good economic sense for New Hope and the Acland Pastoral Company to look at ways of using the land as productively as possible – not just for mining but for agricultural uses as well,” he said. New Hope is currently awaiting the decision from the State Government regarding its revised New Acland Coal Mine Stage 3 Project, which will ensure current employment and economic benefits are not lost from the Darling Downs. “If Stage 3 is given the go-ahead it will attract construction costs of about $896 million, will employ up to 260 people in construction jobs and about 435 operational jobs at its peak, plus thousands of additional indirect jobs in manufacturing, services and supplies,” Mr Stephan said. “The total economic output for Stage 3 of the New Acland Mine is estimated to be about $19 billion.” With a clear vision for a harmonious relationship between mining and agriculture, the New Acland Coal Mine is paving the way for the future. ◆


LEFT: Alexander Stephens shows how Toowoomba contributes to Australia’s production of cotton. BELOW LEFT: Milton Fowler shows off his prize winning bull at the 2013 Ag Show. RIGHT: Promo girls Katelyn Stockill and Shara Helmstedt show off some of the products on offer at FarmFest. CONTRIBUTED

A THRIVING AGRICULTURAL SECTOR CONTINUES TO STEER TOOWOOMBA’S ECONOMY TO SUCCESS

W

ith soil rich in minerals and rolling plains accounting for 75 per cent of the region, it’s easy to see why Toowoomba and its surrounding area is an agricultural powerhouse, and with the many new export opportunities set to arrive alongside some of the region’s biggest developments, it’s an industry that’s only going to grow. Encompassing an immensely diverse range of industries, from grain, cotton and horticulture to dairy and a variety of livestock, farmers and the local food processors that turn their harvest into quality products are the backbone of Toowoomba’s economy. According to the Australian Bureau of Statistics, the total agricultural output of the 2010/2011 harvest rose to an impressive $664 million, with livestock slaughterings proving the highest earning commodity, accounting for 28.5 per cent.

Other thriving areas in Toowoomba’s agricultural sector are laying chickens, which account for $127.2 million, cotton, which brings in $101.6 million, meat and dairy cattle, which drew $69.3 million each, sorghum with $66.1 million, and pigs with $47.8 million. Thanks to these high revenues, Toowoomba and the Darling Downs is home to several national industry leaders, including several major abattoirs, two of Australia’s largest cattle sale yards and one of Australia’s largest pork producers. But it is also where many smaller scale farmers have chosen to set up base and make a living, and Toowoomba residents understand the importance of supporting and buying local products. The sector is responsible for much of the city’s employment; its work base made up of approximately 3640 of the region’s residents in 2011, according to ABS figures.

This translates to six per cent of the Darling Downs’ total working population, making it the region’s fifth largest industry employer. As the largest local sector in terms of its sheer number of businesses, and a fierce competitor when it comes to total annual industry turnover, agriculture has a great influence on the local lifestyle. As a result, a number of events are held to promote and showcase the latest research, products and technology in the industry to aid businesses with their progression into the future. From the CRT FarmFest to the region’s most important field event Ag Show, every facet of agribusiness and the primary industries is addressed and embraced. From the farm to our plates and even the export market, it’s a team effort, but it’s one that benefits Toowoomba and its people. ◆

Few Australians are aware that a quiet revolution is taking place on our farms and beyond. Nowhere is this more evident than on the Darling Downs, one of Australia’s prime agricultural areas and hubs for national agribusiness. Researchers at the University of Southern Queenland’s Institute for Agriculture and the Environment are leading the development of smart farming systems. This signals wide spread adoption of intelligent, automated agricultural production systems that crunch ‘big data’ and use sophisticated sensing and robotic technologies. For more than 20 years, USQ has been quietly undertaking ground breaking agricultural research that now contributes more than half a billion dollars a year to Australia’s agricultural productivity. Our practical, solution-focused research is also helping industry to build superior agricultural ‘value chains’, on-farm and beyond. It’s estimated Asia will account for 71 per cent of the world’s future growth in food demand. Our work with regional producers, agribusinesses, and the Queensland Departments of Food, Fisheries and Forestry (QDAFF), and Transport and Main Roads is geared to developing new export opportunities for horticulture and chilled beef to cater for Asia’s growing middle class. Tom Wiley, managing director of Wiley, a national food engineering firm sums up industry sentiment, “USQ’s integrated future farming research will help lead us and others inside the agribusiness value chain to new, innovative solutions to some of the big, global challenges that we all share". Professor Steven Raine USQ Institute for Agriculture and the Environment

15

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

HARVESTING POTENTIAL

TOOWOOMBA UNIVERSITY ADVANCES IN AGRICULTURE


RETAIL GETS RENOVATED ◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

A MAJOR REDEVELOPMENT IN TOOWOOMBA’S CBD IS SET TO CHANGE THE FACE OF THE CITY WITH A FRESH AND IMPRESSIVE NEW SHOPPING PRECINCT

O

nline shopping may have dealt a blow to local retailers over the years, but a new $460 million development in the heart of Toowoomba’s CBD is set to prove a game changer when it comes to buyers shopping locally. One of Australia’s largest institutional fund managers QIC has begun preparations on Grand Central’s much anticipated $460 million-plus development, which will transform the centre into the Toowoomba region’s unrivalled retail, entertainment and lifestyle destination delivering a world-class retail offer. The development of Grand Central, including a two-level retail link to the former Gardentown Shopping Centre, will maximise the prime location of the complex at the heart of a vibrant, diverse and thriving regional area. The dominant shopping centre for the broader Toowoomba and Darling Downs region, Grand Central has been wholly owned by QIC since its completion in 1996 and is currently comprised of approximately 140 specialty stores, including Myer, Target, Coles and Birch Carroll & Coyle cinemas. But it’s also part of a greater vision, and when its 46,000 square metres of gross lettable area is combined with neighbouring QIC complex Gardentown in what is promising to be a monumental overhaul, Grand Central will become a 90,000 square metre shopping precinct like nothing the region has seen before. QIC Global Real Estate’s managing director Steven Leigh says this development will do far more than just

16

increase the size of Toowoomba’s existing shopping options. “Once complete, the development will increase the size of the two centres by approximately 30,000 square metres, and will create one of Toowoomba’s most progressive and exciting urban shopping, entertainment and leisure destinations,” Mr Leigh said. “The development will blend modern architecture and innovative design to create a superior new urban address that will appeal to a thriving trade area and draw people from across the region. “It will deliver a new dining precinct, new discount department stores, new supermarkets and additional specialty retailers, and will offer entertainment, dining and community facilities that are not currently available in the area.” The new complex, due for completion in late 2016, comes as a much needed boost to Toowoomba’s retail sector. With the population of Toowoomba and its surrounding areas predicted to reach 332,000 in 2017, there has been an obvious increase in the development of the region’s infrastructure and resources to cope. As a result, retail expenditure is also forecast to grow from $3.7 billion in 2013 to an anticipated $4.2 billion in 2017, highlighting the region’s need for an expanded retail sector. Mr Leigh explains that the decision to expand local retail choices is therefore a logical one when it comes to fulfilling the needs of Australia’s second largest inland city. “There are several major infrastructure projects currently underway, and this alongside the

‘‘

ONCE COMPLETE, THE DEVELOPMENT WILL INCREASE THE SIZE OF THE TWO C ENTRES BY APPROX IMATELY 30,000 S Q UA RE METRES, AND WILL CREATE ONE OF TO OWO OMBA’S MOST PROGRESSIVE AND EXCITING URBAN SHOPPING, ENTERTA INMENT AND LEISURE DESTINAT IONS. STEVEN LEIGH

projected growth of the mining industry, excellent educational and commercial facilities, and the success of established tourism events such as Carnival of Flowers, all underpin the progression of the region to become a thriving mining, economic and education hub,” Mr Leigh said. “The development will provide more choice and variety for Toowoomba residents, as well as an enhanced shopping experience, contributing to the revitalisation of the CBD, and offering customers more choice than anywhere else in the region.” It’s not just the residents who will benefit from the plethora of new options laid before them; the region’s


LOCAL REAL ESTATE LEVELS SOAR

CONTRIBUTED

economy is also set to gain. Despite dominating the trade area, research suggests as much as $886 million of retail spend by residents in Grand Central’s catchment is currently being lost to other locations such as Brisbane, the Sunshine and Gold Coasts, and online due to the lack of variety and limited retail currently available, and this figure is forecast to grow. But with the revival and expansion of Toowoomba’s shopping precinct, in line with Toowoomba Regional Council’s City Centre Master Plan for enhancing the city, the region will capture some of the retail spend currently escaping as the expanded

offer will allow residents to shop and spend locally for all their retail needs. Local employment levels are also set to receive another boost, with the addition of 160 new specialty stores opening plenty of new job opportunities. Toowoomba is currently experiencing stable growth within the economy, but the forecast increase of vacant jobs comes as good news nonetheless, bolstering the city’s position of having one of the lowest unemployment rates of all Queensland regional centres. “The development will generate local employment opportunities, with

an estimated 1500 jobs created during the construction phase and around 1000 local retail jobs created upon completion. “Our vision is to create a magnetic destination for the community that embodies the pride, tradition, culture and opportunity of the Toowoomba region,” Mr Leigh said. The transformation of Grand Central is a significant development of a scale and quality to world-class standards, delivering a new generation centre with the experiences, the retailers, the activities and the accessibility to draw people from across the Toowoomba region. ◆

17

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

LEFT: The position and size of the new Grand Central Shopping Centre is highlighted. ABOVE AND RIGHT: An artist gives their impression of what the revitalised complex will look like.

The "crane indicator index", has Toowoomba business surging. The index, first used by former premier of Queensland Joh Bjielke Petersen, judged “cranes on the skyline as a measure of the state’s prosperity”. The Garden City skyline is dotted with cranes. The visual indication is supported by the factual knowledge of the region’s leading authority on commercial and residential real estate, LJ Hooker principal and chief executive officer, Mike Stewart. “The availability of cheap debt over the second half of 2014 is seeing investor demand remain quite high, and all indication points towards that continuing to the end of the year as they take advantage of the current yields,” Mr Stewart said. “It certainly bodes very well for Toowoomba and the south-west moving into the start of 2015.” The Garden City is a prime example of the national market, which recorded $13.7 billion worth of commercial property sales from January to July this year. While demand for retail and industrial space has been strong, it’s the owner occupiers who have been leading the charge in the office space sector. “The national figures are quite extraordinary, and they’re actually being reflected in the local market, with very strong demand from owner occupiers for commercial office space – particularly in the CBD and fringes,” Mr Stewart said. But it’s just the start of the sort of investment the city can expect to enjoy over the coming months and years. The residential spotlight also remains on Toowoomba. “Toowoomba was recently named the most family friendly city in Queensland and the fourth in Australia for very good reasons,” Mr Stewart said. Mike Stewart LJ Hooker Toowoomba


LEFT: Heritage Bank employees and their families get into the carnival spirit. BELOW LEFT: RASQ chief executive officer Damon Phillips and Heritage Banks’ John Minz open the 2014 Ag Show. CONTRIBUTED

◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

EMBRACING COMMUNITY

‘‘

A

s a tight knit community, Toowoomba is a city that truly embodies the value of banding together in support of one another, whether it be in celebration or times of difficulty. Toowoomba businesses and residents understand the benefits of holding community events and sponsoring local initiatives, and this is reflected by the sheer number and quality of festivities held throughout the region each year. From the iconic Carnival of Flowers — an event that places Toowoomba on the global stage — to annual regional favourites including Ag Show and the Toowoomba Royal Show, to more localised occasions such as the Toowoomba Business Excellence Awards and the Mayoral Carols by Candlelight, there is something to satisfy every interest. As the major sponsor of these and many more of Toowoomba’s premier events, Heritage Bank’s chief executive officer John Minz says his bank's aim in providing this support is primarily angled at achieving unity among Toowoomba residents. But he says drawing outside interest in the form of tourism is an aspect that’s also deeply important to them. “Community events are vital for Toowoomba in a number of ways — they bring people together in shared

18

COMMUNITY EV ENTS ARE VITAL FOR TO OWO OMBA IN A N UMBER OF WAYS — TH EY BRING PEOPLE TO GETHER IN SHARED ACTIVITIES THAT DELIVER ENTERTA INMENT, ENJOYMENT AND A S ENSE OF COMMUNITY, AND THOSE ELEMENTS CONTR IBUTE TO A RICHER L I F E ST Y L E F O R EV ERYO NE IN THE REGION AND HELP GIVE TO OWO OMBA ITS IDENTITY. JOHN MINZ

DESPITE ITS EXPONENTIAL GROWTH AS A CITY, TOOWOOMBA REMAINS A SUPPORTIVE COMMUNITY WITH PLENTY OF HEART

activities that deliver entertainment, enjoyment and a sense of community, and those elements contribute to a richer lifestyle for everyone in the region and help give Toowoomba its identity,” Mr Minz said. “Big events also make a huge contribution to the prosperity of the Toowoomba region, whether that’s through the massive tourism influx that the Carnival of Flowers generates, or through the boost to the agricultural sector that the Ag Show provides.” Mr Minz believes local businesses play an important role in promoting an active community, an area in which Toowoomba particularly thrives in. “As a major Toowoomba-based company we have a responsibility to support the big events that drive added prosperity in the region, as well as the activities that bring the community together,” Mr Minz said. “That’s why we, and many other prominent businesses in the region, actively seek out ways that we can make a positive difference to the overall well-being of the Toowoomba community, through sponsoring local events, activities and organisations.” But the beauty of the city’s great spirit goes far beyond just securing a better lifestyle for its residents. Whether it’s helping to keep local sporting groups up and running for younger generations to enjoy or getting behind an event that helps support others who can’t support themselves,

the Toowoomba community is always willing to pull together and lend a helping hand. “Many of the major events in the region provide fundraising benefits or assistance for charities and not-for-profit organisations,” Mr Minz said. “These groups are the social glue that helps keep this community together, and provide invaluable assistance for less fortunate sectors of the community.” “Everyone benefits when we come together as a community to share our benefits and our burdens.” This admirable approach is one that is proudly echoed throughout the region, and it is something Mr Minz says every community around Australia can learn from. “The beauty of Toowoomba is that we do have a very strong and cohesive sense of community, with a friendliness and spirit that can often be lacking in bigger cities. “Community involvement can be as simple as getting to know your neighbours, or taking part in community events, or could involve volunteering to help a local charity. “There are plenty of organisations looking for new members and a helping hand. “We can achieve so much more as a community than we can as individuals, and our lives will be so much richer as a result.” ◆


ENTERTAINMENT GALORE FROM ITS FAMOUS CARNIVAL OF FLOWERS TO A SWAG OF MAJOR SPORTING EVENTS, THERE’S SOMETHING FOR EVERYONE IN TOOWOOMBA

Toowoomba, particularly for tennis lovers, is the Hutchinson Builders Toowoomba International. Beginning in 2012, this event was created as a way to showcase the Toowoomba Regional Tennis Centre built at the University of Southern Queensland by Hutchinson Builders, but the pro-tour tennis event was also designed to increase investment in Toowoomba’s sports tourism. Consisting of men’s and women’s titles, as well as the corporate challenge, which sees local businesses play off against each other for the corporate team title, the International now draws players from all over the world and has won awards for best tournament in Queensland in 2013 and the Newcombe Medal for most outanding tournament in Australia. The annual Coca-Cola Queensland PGA is another large scale event that showcases how Toowoomba excels when it comes to the sporting arena. Since its inception in 2009, Toowoomba’s own City Golf Club has hosted the event, and it’s one that draws a fantastic crowd of players and

‘‘

RU G BY L E AG U E IN OUR AREA C OV E R S A W IDE DEMOGRAPHIC AND IS VERY MUCH THE STRO NGEST REGIONAL SPORT.

RO B W E Y M O U T H

spectators alike year after year. Rob Weymouth from Hutchinson Builders, who is one of the major sponsors of the event, says it’s a vital attraction for the city. “The PGA attracts the nation’s best golfers to our city and really showcases the quality of the golf course,” Mr Weymouth said. “It also helps open our region to golf tourism, which is growing throughout Australia.” Toowoomba is also hugely into its rugby league, and the TRL is a great sporting event that draws attention right across the Darling Downs. Hutchinson Builders has also been sponsoring this event for the last four years, and believe it’s a sport that is all about community. “Rugby League in our area covers a wide demographic and is very much the strongest regional sport,” Mr Weymouth said. There is an immense level of opportunity for businesses to get on board and support these kinds of events, and with a community spirit like no other, there is always potential for new comers to join in. ◆

19

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

W

hen it comes to entertainment in Toowoomba, colour, action and plenty of fun are just some of the things new comers and visitors to the Garden City can expect. The Carnival of Flowers is at the forefront of many peoples’ minds when they think of Toowoomba, and if you get the chance to experience this massive annual celebration of spring first hand, you’ll understand why. The entire city truly comes to life over the course of 10 days, overtaken by a riot of colour and events to entertain the entire family — both young and old. From being serenaded by the hottest acts in the Australian music industry while experiencing the best produce the region has to offer at the Ergon Energy Flower, Food and Wine Festival, to all the community excitement the Grand Central Floral Parade brings, and of course, the incredible displays of dedication and talent seen in The Chronicle Garden Competition, it’s a non-stop party not to be missed. Another unmissable event in


LEARNING FOR THE FUTURE ◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

A QUALITY TERTIARY EDUCATION SYSTEM IS THE FOUNDATION FOR A GREATER FUNCTIONING SOCIETY

G

reat education is the foundation for a brighter future, not only for students, but for society as a whole; and when it comes to Toowoomba, schools and their students are successfully working together to live up to the ethos of a great state, with great opportunity and a plan for the future. With a selection of the top educational institutions in the Darling Downs and south-west Queensland region all available to Toowoomba students, residents are giving their children the best possible start in life. But when it comes to choosing a quality tertiary education, for many high school graduates and mature age students, the choice can be extremely difficult. It’s often a game of comparisons — of asking questions like which university specialises in your chosen career path and which university will give you the greatest head start — but the major question future tertiary students should be asking is, “what can this university do for me?” The education universities provide, and the reputation that comes with them, are important factors for all universities, and there is a standard they all must meet to retain their position as an institution of learning. However, not all universities are equal when it comes to the lifestyle and flexibility they offer their students, and this is a factor that can have a serious impact on the outcomes and overall experience of their alumni. Toowoomba is fortunate to be home

20

to the University of Southern Queensland (USQ) – an institute that began in the Darling Downs and has since branched out to include campuses in Springfield and the Fraser Coast. With a 91 per cent rate of graduate employment — number one in the state — USQ continues as a leading provider of education programs in Australia. In less than 50 years, USQ has seen more than 80,000 students graduate, and with enrolments increasing largely thanks to the city’s livability and the university’s active lifestyle and flexibility, that number is only growing. USQ’s vice-chancellor Professor Jan Thomas says there has been a spike in early applications for study next year. “Compared to the same time last year, QTAC first preference applications are showing strong growth,” Professor Thomas said. “We’re seeing this across all three of our current campuses.” Professor Thomas says early numbers were strong, particularly in health and community, education, and engineering and built environment. “We’ve also seen increases in law and justice, as well as humanities and communication,” she said. One of the benefits the increase in enrolments has brought to Toowoomba is an influx of international students, adding rich cultural diversity to the region and showcasing it to the world. In 2013 USQ’s Toowoomba campus hosted 1059 international students, bringing with them an injection to the local economy through tourism and local spending.

‘‘

COMPARED TO THE SAME TIME LAST YEAR, QTAC FIRST PREFERENCE APPLICAT IONS ARE SHOWING STRO NG GROW T H . P RO F E S S O R J A N THOMAS

In 2014 this figure jumped to 1150, and it’s expected to increase once again in 2015, proving Toowoomba is being put on the map as the perfect combination of quality education and lifestyle. In addition to what’s already on offer, the university has enhanced its portfolio, providing a wide range of new programs in 2015 to satisfy the growing population’s diverse interests. Professor Thomas says these changes are necessary to ensure prospective students in the Toowoomba catchment receive the


CONTRIBUTED

best start to put them on the right career path. She believes that students are seeing the benefit of attending a university dedicated to building a successful region and nation through education and research. “We take pride in setting our students on a path to successful careers through USQ's extensive range of degrees and supportive learning environments,” she said. Professor Thomas explains she and her staff also work hard to help secure USQ’s strong position for their students and the region,

working with students to offer them a higher education that fits with their busy lives in one of Queensland’s biggest industrial and agricultural hubs. “We continue to pursue the university’s vision of open and flexible higher education, operating locally, nationally and globally,” she said. As a university proudly headquartered in regional Australia, USQ is recognised for its leading research in agriculture, climate science applications, engineering, agribusiness, digital literacy and

education. Their multi-disciplinary research tackles national and global challenges affecting agriculture, natural resource management, and people living and doing business in regional areas. USQ’s commitment to regional Australia has resulted in the establishment of the Institute for Resilient Regions whose mission is researching issues facing our regions. Further enriching the local community and giving students the opportunity to showcase their

talents and give back, USQ holds a variety of events, including its annual Shakespeare in the Park Festival and the USQ McGregor Schools, and also injects $411.7 million into the economy each year, with every six full time students generating at least one job in the community. This goes to prove that tertiary education is one of the most important building blocks in society, and when it comes to Toowoomba’s own institute, it’s one residents are lucky to have access to. ◆

21

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

ABOVE: Mark McLean joins USQ graduates Cameron and Emmeline McLean after they successfully complete their graduate studies in learning and teaching at USQ. FAR LEFT: USQ senior lecturer in soil science Dr John McLean Bennett checks the soil structure in rehabilitated mined land at New Acland coal mine. LEFT: Kate Murphy and Matthew Walsh in USQ’s Midsummer Night’s Dream at the 2014 Shakespeare in the Park Festival.


PROFESSIONAL PROFILES

MEET THE EXPERTS

I N T RO D UC I N G T H E G RO U P O F S K I L L E D P RO F E S S I ONALS FROM TO OWO O M B A D E D I C AT E D TO S H A R I N G T H E P OT E N T I A L O F T H E DA RLING DOWNS REGION W ITH AU ST RALIA

◆ I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E

Helen Jentz

Helen Jentz has a strong professional history of working with state and national member based organisations. Focussing on representation, policy and advocacy, Helen has been responsible for successfully representing members’ interests in local, state, federal and international environments. For more information about the Toowoomba Chamber of Commerce please contact info@toowoombachamber.com.au

or phone (07) 4638 0400.

John Wagner

Denis Wagner

Mayor Paul Antonio has held the region’s top job since May 2012. A passionate advocate for the region, early in his term as Mayor, Paul declared the Toowoomba region ‘open for business’. The strength of council’s commitment to making this sentiment a reality is widely acknowledged by the region’s strong business community. With a wealth of opportunity currently unfolding, Paul strongly believes there’s never been a better time to be the mayor of the Toowoomba region.

John Wagner is the chairman and one of the founders of Wagners. Wagners is based in Toowoomba and has operations in Australia, Malaysia, Papua New Guinea and Mongolia. The company employs more than 1000 full time staff plus subcontractors and is behind Toowoomba’s game-changing new airport. Wagners will be the owner and operator of this facility. For information about Wagners’ developments and services call (07) 4637 7777.

Denis Wagner is the managing director of Wagners and founder alongside brothers John, Neill and Joe, and father Henry Wagner. Beginning with three trading divisions – concrete, quarries and transport – the company grew to incorporate cement, flyash and lime, composite fibre technologies, pre-cast concrete, reinforcing steel, projects and global services in their range of capabilities. Wagners is one of Queensland’s largest privately-owned construction materials and mining services companies operating globally.

Shane Stephan

Steven Raine

Steven Leigh

New Hope is ranked as one of the 100 largest ASX listed companies by market capitalisation, and is among the top 10 ASX listed companies based in Queensland. Shane Stephan joined New Hope as chief financial officer in September 2009, having formerly held numerous executive positions. He has more than 25 years of coal mining industry experience including senior line management roles. To contact the New Hope Group call 1800 882 142.

The Institute for Agriculture and the Environment at the University of Southern Queensland is led by Professor Steven Raine. Professor Raine is recognised as a key agricultural research leader who has spent more than 25 years building partnerships and leading research projects, industry reform and education programs. He has made significant contributions to soils and irrigation research for the cotton, sugar, fruit and vegetable industries and the coal seam gas and mining sectors.

Steven Leigh joined QIC Global Real Estate in 1991 and was instrumental in the development of the current portfolio of properties. He has had significant experience in the wholesale funds management business and a strong background in retail, commercial and industrial property. Steven left QIC in 2009 as the deputy head of Global Real Estate and re-joined as managing director in 2012.To find out more about QIC call (07) 3360 3800.

Darren McDonell

Warren Willmington

Darren McDonell has been the chief executive officer of Downs Group Training/The Apprenticeship Company since May 2013. During this time Darren has lead the company — a not-for-profit community based organisation providing quality training and employment services to industry — into diversified employment and training services. For more information on The Apprenticeship Company or Downs Group Training call (07) 4639 2099.

Warren Willmington is the chief executive officer of Easternwell Energy and has been an integral part of Easternwell’s growth and success over the last 12 years. Warren has extensive experience in the oil and gas industry spanning more than 26 years. Warren’s knowledge and remarkable career progression enables him to excel in his current role. Find out more about Warren and the team at Easternwell by contacting their Toowoomba office on (07) 4659 1555.

22

Rob Weymouth

Paul Antonio

Robert Weymouth is the area manager for Hutchinson Builders in Toowoomba. Having spent 27 years in the building industry — 23 of which with Hutchinson Builders — Robert is an expert when it comes to providing quality construction services. Robert is a member of the Australian Institute of Builders and a Fellow of the Urban Development Institute of Australia. For more information about Robert or the work undertaken by Hutchinson Builders, call (07) 4632 5877.


TSBE CHIEF EXECUTIVE OFFICER SHANE CHARLES

Grant Galvin

Chairman of Freight Terminals Pty Ltd, financial services firm Dornbusch Partners, and chancellor of the University of Southern Queensland, Mr Dornbusch has considerable experience in corporate capital-raising, especially in the mining, resource and infrastructure sectors. His ability to build relationships has made him a key figure in Toowoomba’s business landscape. If you would like more information on Freight Terminals’ developments, call (07) 4690 2521.

Mike Stewart

John Minz

As principal and chief executive officer of LJ Hooker Toowomba and LJ Hooker Commercial, Mike Stewart has more than 25 years experience in commercial real estate. Mike is regarded as the pre-eminent auctioneer across the Darling Downs and Surat Basin area. Mike’s knowledge of the region, the business community and its dealings places him as an the authority right across the TSBE area of operation. To find out more about LJ Hooker Toowoomba, call (07) 4688 2222.

John Minz has spent more than 20 years at Heritage Bank, and has been chief executive officer since 2003. John has overseen growth in products, portfolios and the number of branches. He has sponsored the significant investment in infrastructure at Heritage required to operate a modern financial institution. John has also enshrined a ‘people first’ culture at Heritage, meeting the needs of staff, customers and communities. To find out more about Heritage Bank call (07) 4694 9139.

Dallas Hunter

With more than 33 years in the property industry, banking, private practice and property development, FK Gardner & Sons’ group manager for property development Dallas Hunter supervises FKG Group’s developments and design division. Dallas epitomises the FKG Group’s commitment to delivering construction, engineering and support services for the property, resources, infrastructure and government sectors. To find out more about Dallas and FKG Group, call (07) 4620 0500.

Jan Thomas

Professor Jan Thomas is the vice chancellor and president of the University of Southern Queensland. She has received numerous national and international awards for her leadership in education. Professor Thomas currently holds the position of deputy chair for the Managing Council of the Association of Commonwealth Universities and is the deputy chair for the Regional Universities Networkand. For more about USQ, call (07) 4631 2168.

As a business and membership driven, regional economic development organisation TSBE has become one of Queensland’s most dynamic networking groups, whose purpose is to link business with opportunity. TSBE is a strong organisation thanks in part to the support from leading business people who are committed to the region achieving its potential. TSBE is particularly strong in investment attraction, the resources and energy sector, and of course, the burgeoning agribusiness and export industry. With 460 members and counting, TSBE provides assistance tailored to suit business needs. Targeted networking, business matching assistance, access to up-to-date information, and invitations to key industry networking events, are all highly popular aspects of the membership offer. Shane Charles has been chief executive officer of TSBE since its inception and has remained at the forefront of advocating for and delivering infrastructure development in the Toowoomba and Surat Basin region for many years. Shane is a lawyer by profession and is well known within the Queensland business community, having sat on the board of a number of profit and not-for-profit companies. He also sits as a commissioner on the Queensland GasFields Commission. To learn more about TSBE or membership opportunities please call (07) 4639 4600 or visit www.tsbe.com.au.

23

I N V E S T M E N T, O P P O R T U N I T Y & L I F E S T Y L E ◆

Grant Galvin joined Master Builders in July 2013 as executive director. Grant is passionate about drawing upon the unique skills, experience and talent that resides within the organisation’s staff. Implementing ongoing organisational improvements is absolutely critical to ensuring improved value for members, and is a key focus for Grant and the senior leadership team of Master Builders. For more information on Grant or Master Builders Queensland, call (07) 3225 6444.

John Dornbusch


TOOWOOMBA TAKES FLIGHT

24

â—†


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.