Nestled in the heart of Queensland, Rockhampton is a vibrant, diverse, and progressive city that is poised to become a major economic hub in Central Queensland. This city, with a population of over 115,000 people, is strategically positioning itself for future growth and development, presenting an attractive landscape for business investors1.
Rockhampton's economic structure is varied and robust, supported by key industries such as beef production, horticulture, meat processing, retail trade, construction, education, health services, electricity generation, and defence training. The city's Gross Regional Product is a significant $5.71 billion, representing 1.47% of Queensland's Gross State Product, thereby substantiating the city's important role in the state's economy12.
With 5,483 local businesses providing 43,824 local jobs, Rockhampton is a hive of employment and entrepreneurial opportunities. Health Care and Social Assistance is the leading employment sector, indicative of the city's commitment to providing quality healthcare services. Furthermore, the Household services sector, which accounts for 43.0% of employment, has been on the rise over the last decade, signalling a shift towards a more service-oriented economy23.
Tourism is playing an increasingly crucial role in Rockhampton's economic development. With popular attractions such as the Riverbank Parklands and the Capricorn Coast, coupled with over 300 days of sunshine per year, Rockhampton is a prime location for tourists. In 2021/22, the total tourism sales in the region reached $350.8 million, contributing significantly to the local economy and providing both direct and indirect employment opportunities14.
The Rockhampton Economic Development Strategy 2023-2028 provides a clear vision for the city's future. This strategy aims to transform Rockhampton into a thriving capital of Central Queensland, attracting residents, visitors, and investors. The strategy is built upon five strategic pillars: Future Jobs & Investment Attraction, Infrastructure for Future Growth, Regional Promotion & Major Events, Regional Collaboration & Partnerships, and Talent Retention & Attraction5.
Rockhampton represents a promising landscape for business investment, especially for established businesses valued over a million dollars. Queensland Business Sales is well-positioned to provide professional guidance and broker services to these businesses, leveraging the city's economic growth, industry diversity, and strategic development plans.
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Rockhampton is a regional city in Queensland, with a population of just over 115,000 people. The city lies on the Fitzroy Crossing, approximately 600 kilometres from the capital of Brisbane.
With nearby popular attractions including the Riverbank Parklands and the The Capricorn Coast, and with more than 300 days of sunshine each year, tourism is increasingly playing a role in the development of Rockhampton.
The region’s coastal district is supported economically by beef production; horticulture; meat processing; retail trade; education and health services; electricity generation and defence training. The inland region is support by crop production; horticulture; beef and sheep production; coal mining; gemstone extraction; metal product and machinery manufacturing; and education services. Rockhampton is known as the beef capital of Australia.
Rockhampton is also home to the Pilbeam Theatre which seats 1200 people, and hosts a multitude of local, national and international entertainment, sports events and trade shows. Since its opening it has been providing a fertile ground for further development in the performing arts in the wider Rockhampton region.
Rockhampton has many large retailers such as Coles, Woolworths, IGA, Target, Kmart, Big W, Harvey Norman, and Bunnings. Rockhampton also has a number of newspapers such as The Morning Bulletin, CQ Extra, Rockhampton and Fitzroy News, and Central Queensland News.
The region’s coastal district is mostly supported economically by beef production; horticulture; meat processing; retail trade; construction; education and health services; food services; transport; electricity generation and defence training. The inland region is support by crop production; horticulture; beef and sheep production; food services; coal mining; gemstone extraction; metal product and machinery manufacturing; and education services.
The future of Rockhampton is bright with the Council planning to develop the structure of Rockhampton city; increase residential growth and development; increase commercial and retail services and improve infrastructure, community facilities and the city image.
