Situated 130 kilometres west of Brisbane, Toowoomba is the second-largest inland city in Australia after Canberra, with a dynamic population of approximately 178,590. Known as ‘The Garden City’, Toowoomba boasts over 150 public parks and gardens, a rich cultural scene, and a vibrant economy, making it an excellent location for establishing and growing businesses.
The Toowoomba economy is diverse and robust, with a Gross Regional Product estimated at $11.63 billion, representing 3% of the Queensland's Gross State Product. It offers employment to over 90,183 people, with the Health Care and Social Assistance sector being the largest industry. With 16,849 local businesses operating in the region, there's a strong entrepreneurial spirit that fuels the local economy.
The region has seen a steady increase in the Household services sector, accounting for 41.4% of employment, demonstrating a considerable rise from 35.7% in 2012. The Goods related sector also plays a significant role, employing 33.7% of the workforce. These key sectors, alongside others such as Agriculture, Business services, and Public administration, contribute to a well-rounded and robust economy.
Toowoomba’s economy is also marked by strong domestic and international business relations. The region recorded $22.51 billion in total sales in 2022, with exports valued at $6.92 billion. This indicates a vibrant economic ecosystem that makes it a promising region for businesses.
With such a thriving economy, it's clear that Toowoomba presents a wealth of opportunities for businesses. At Queensland Business Sales, we pride ourselves on our deep understanding of this unique market. Our expertise, combined with a commitment to professionalism and quality, ensures that we can assist both buyers and sellers to navigate the business landscape successfully.
Whether you're considering selling your business or looking to invest in a successful enterprise, Queensland Business Sales is here to guide you every step of the way. Our team of dedicated experts is committed to making your business transition as smooth and profitable as possible. Contact us today to learn more about how we can help you achieve your business goals in the flourishing Toowoomba region1234.
Quick Links: BUSINESSES BROKERS SELL YOUR TOOWOOMBA BUSINESS
Toowoomba, known as ‘The Garden City’ is located in Southern Queensland, approximately 130 kilometres west of the capital of Brisbane. The city has a population of approximately 130,000 people and is second only to Canberra as Australia’s largest inland city. Toowoomba has a pleasant climate with warm summers and cool winters.
Toowoomba is renowned for its annual Carnival of Flowers, held in September. Many of the city’s parks and gardens are specially primed for the Carnival. The city has more than 150 public parks and gardens, which are well maintained thanks to the region’s rich volcanic soil.
The heart of Toowoomba’s art and culture scene centres on the Empire Theatre, the largest regional performing arts centre in Australia. The city is also the location of Queensland’s oldest regional public art gallery.
Toowoomba has many of shopping centres, the largest located within the Central Business District and the smaller shopping villages located in more suburban districts of Toowoomba. Toowoomba also has a great selection of restaurants, cafes, other dining venues at various spots around the city.
The economy’s major industries are retail, health services, manufacturing, and education. The Australian Defence Force is also present in the Toowoomba community, with the city providing housing and services for many of those based at the Oakey Army Aviation Centre located 30 kilometres North West of Toowoomba.
Toowoomba Regional Council is moving forwards towards further economic expansion by marketing the region to new residents, prospective business initiatives and to investors. The overall aim of the Toowoomba Council’s plan is to further diversify the economy, improve current services within the community, and create greater employment opportunities prospects and a more idyllic community.
