STATE OF GROWTH

In Australia’s sunny north-east, Queensland provides exceptional business performance, stability and costsavings, set amongst the world’s most enviable lifestyles. Located within this growing state is Moreton Bay.

Queensland is the second largest state in Australia in land size and the third most populated, bolstered by an enviable climate and lifestyle, powerful economy and lower cost of living. Capitalising on its close proximity and transport infrastructure connecting it to interstate and international markets, the Queensland Government consistently creates a pro-business ecosystem for sustainable, solid growth. Its economy is Australia’s fastest growing at 3%.17 With more than $50 billion in major project investments proposed between 2019 and 2024, Queensland is much more than the sunshine state.18

POSITIONING FOR THE FUTURE

In a post-COVID landscape, Queensland’s economy has bounced back quicker than the rest. With an influx of 30,000 people in 2020, it’s by far the most popular destination for migrating Australians. It leads the nation with more jobs recovered and created than any other state. It builds on its strong economic recovery by reducing costs for business and driving multi-million dollar investments in productivity-enhancing infrastructure, skills and innovation. Queensland is the place to live, visit, invest and do business.

• Capital city: Brisbane • Queensland time zone: GMT +10:00 – 2 hours behind Singapore and other Asian capital cities • Subtropical climate: Summer: 20 to 29°C. Winter: 9 to 22°C • Coastline: 6,973km • Total area: 1.734 million km2

• Queensland population: 5.18 million and expected to be 10.47 million by 206619 (growing faster than the nation at 1.6%) • International airports: Brisbane, Cairns, Townsville, Toowoomba,

Gold Coast and Sunshine Coast • $87.3 billion goods exported in 2018-19, more than New South Wales, Victoria and Tasmania combined20

• Home to 11 universities including the University of Queensland, one of the world’s top 50 universities, and Queensland University of Technology • 253,200 new jobs since March 202021 • Retail trade up 6.2% fastest growth in the nation22

FAST FACTS

Subtropical climate

6.2%

Australia’s fastest retail trade growth

6

international airports

$87.3B 11

goods exported in 2018-19 universities