Townsville, widely known as the Second Capital of Queensland, is the thriving economic powerhouse of North Queensland. Townsville is strategically positioned as the gateway to four regional centres – Charters Towers, the Burdekin, Hinchinbrook and Palm Island with Townsville recognised as the hub for business and investment. With easy access to domestic and international markets, this strategic location provides potential investors and local businesses with an abundance of diverse opportunities. Positioned amongst beautiful tropical surroundings and anchored by the Australian Defence Force and manufacturing industries, Townsville is maturing and developing into a vibrant metropolitan city. Townsville is the transport and logistics hub for the mineral and agricultural industries of greater North West Queensland. Unlike any other regional city in Australia of comparable size, Townsville is closely connected to the future prosperity of the country through its broad base of industry and government sectors. With an abundance of available land and water and a population of 181,000 no other Australian region boasts the resilience, diversity, lifestyle and economic potential that Townsville and its surrounds enjoy. Transport links to Asia-Pacific and Papua New Guinea, superfast communication technology through the National Broadband Network (NBN) and 300 days of sunshine each year means the Townsville North Queensland Region offers unequalled investment and livability potential. The accessibility to Townsville could not be easier, with over 23,000 airline seats into the city each week. The Townsville Airport located minutes from the CBD welcomes 1.6 million passengers annually and is host to a number of major airlines including Qantas, Virgin Blue, Airnorth, Alliance and Jetstar. Townsville’s regular flight paths offer linkages with capital cities and key mining sites. Magnetic Island is the most accessible island in the Great Barrier Reef Marine Park and is a 20 minute ferry ride from Townsville. Ferries depart 19 times a day with bus, coach and taxi transfers available to and from the terminal. The Townsville North Queensland Region has experienced strong and steady economic growth with an annual average increase of 9.8% over the past decade. A commitment to infrastructure investment ensures continual economic growth and development of the city and its surrounds without compromising on lifestyle. The economy is resilient and currently has over $64 billion worth of mining, construction and infrastructure projects either underway or proposed for the Townsville North Queensland and North West Region. The Townsville North Queensland Region contributes $10.274 billion in Gross Regional Product (GRP) to the local economy. Key contributions to the Region’s GRP are Rental, Hiring and Real Estate Services, Public Administration and Safety and Manufacturing.
DUO INVESTOR’S GUIDE TO TOWNSVILLE 91
Published on May 31, 2013
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