Business Growth in South East Queensland West

Business Growth in South East Queensland West

The South East Queensland West region, comprising of the local government areas of Ipswich, Lockyer Valley, Scenic Rim and Somerset Regional Councils, is forecasted to be one of Queensland’s fastest growing regions.

The population is predicted to double over the next 20 years, and this population growth, combined with an enormous supply of future industrial land, should result in significant medium to long term job creation. Considering that the combined population is estimated to be around 450,000 in 2021 (from Australian Bureau of Statistics) this is significant growth.

Agriculture, manufacturing, defence, and transport are expected to remain strong contributors to the regional economy.

Established and growing industries in South East Queensland West include:

  • Health care and social assistance
  • Education and training
  • Construction
  • Retail trade
  • Tourism
  • Accommodation and food services
  • Property services

The region has several strengths that contribute to its economic growth:

  • Ipswich being the fastest growing city in Queensland. The city has a population of approximately 200,000 people and is known for its history, with many heritage-listed sites, including the Ipswich Railway Workshops, which are the oldest surviving workshops of their type in the world. The area around Ipswich is also known for its natural beauty, with many parks, such as Queens Park and Limestone Park, and the Bremer River running through the city. Ipswich is also a center for industry, with a focus on manufacturing and logistics.
  • Springfield being the largest master planned city in Australia. Springfield is a suburb of Ipswich and is a major center for residential and commercial development. The area is known for its modern infrastructure and amenities, including the Springfield Central railway station, which provides easy access to Brisbane and Ipswich.
  • Expansion of the RAAF Base Amberley to be Australia’s largest defence logistics hub. RAAF Base Amberley is located in Ipswich and is one of the largest air force bases in Australia. The expansion will see the base becoming a significant center for defence logistics, creating new job opportunities in the area.
  • Lockyer Valley being Australia’s most important food bowl. The Lockyer Valley is a fertile agricultural area located west of Ipswich and is known for its production of a wide range of crops, including fruits, vegetables, and grains. The area is also home to several food processing and packaging companies, making it an important contributor to the region's economy.
  • Scenic Rim’s tourism and agriculture scene. The Scenic Rim is a beautiful and diverse region located south of Ipswich and is known for its stunning natural landscapes, including the World Heritage-listed Lamington and Springbrook National Parks. The area is also home to a wide range of agricultural activities, including farming, forestry, and grazing, making it a significant contributor to the regional economy.

In conclusion, the South East Queensland West region is expected to be one of Queensland's fastest-growing regions, with a population predicted to double over the next 20 years. The region's strength lies in its diverse economy, with established industries such as agriculture, manufacturing, defence and transport, and growing industries such as health care, education, construction, retail trade, tourism, accommodation and food services, and property services. The region's strengths include Ipswich being the fastest growing city in Queensland, Springfield being the largest master planned city in Australia, the expansion of RAAF Base Amberley to be Australia's largest defence logistics hub, Lockyer Valley being Australia's most important food bowl, and Scenic Rim's tourism and agriculture scene. These strengths position the region well for medium to long-term job creation and economic growth.

If you are a buyer or seller or in this region we would love to assist you, contact one of our team today.