The Moreton Bay region, located within sunny South East Queensland, is emerging as one of Australia's most dynamic and high-performance business ecosystems. Boasting significant economic growth, a thriving business sector, and strategic infrastructure investments, Moreton Bay offers unparalleled opportunities for investors. Here’s why property experts are recognizing Moreton Bay as a prime location for investment:
Key Highlights:
1. Double Economy to $40B:
Moreton Bay’s economy is projected to double to $40 billion over the next 20 years, driven by substantial infrastructure investments and business growth.
2. Rapid Population Growth:
The population is expected to grow from 480,000 to 700,000 people, providing a burgeoning market for property investors.
3. Bigger, Bolder, Brighter:
Moreton Bay aims to build a highly-skilled workforce to fill 100,000 new jobs and support 16,000 new businesses, positioning itself as one of Australia’s top 10 regional knowledge and innovation hubs.
Major Infrastructure Projects:
1. Moreton Bay’s Advanced Manufacturing Industry:
Valued at $3.97 billion, the advanced manufacturing sector is the largest export industry in Moreton Bay, drawing businesses with easy access to national and international markets and a skilled workforce.
2. Tourism Growth:
The region attracts 4.85 million visitors annually, generating $1.2 billion in visitor expenditure. Major events and attractions like the Woodford Folk Festival, Moreton Bay Food + Wine Festival, and Abbey Medieval Festival contribute to the thriving tourism industry.
3. $150 Million Sports Infrastructure Investment:
The city council has invested heavily in sports infrastructure, including new facilities for rugby league and women’s football, supporting major events like the Brisbane 2032 Olympic Games and the FIFA Women’s World Cup.
4. The Mill at Moreton Bay:
The largest greenfield development in Australia, this knowledge and innovation precinct will be twice the size of Brisbane’s CBD and home to UniSC Moreton Bay, expected to generate $813 million annually and create over 8,600 jobs upon completion.
Key Assets:
1. Strategic Location:
Moreton Bay’s prime location offers easy access to major markets through its port, airport, rail, and highway connectivity, reducing operational costs for businesses.
2. Skilled Workforce:
The region boasts a highly skilled and diverse workforce, supported by advanced educational institutions like UniSC Moreton Bay and multiple TAFE campuses.
3. Affordable Housing:
Despite its rapid growth, Moreton Bay maintains affordable property prices, attracting both homebuyers and investors.
4. Diverse Economy:
The region’s economy is bolstered by sectors such as advanced manufacturing, tourism, food and agribusiness, and emerging industries like aerospace, biomedical, and renewables.
5. High Visitor Numbers:
Moreton Bay attracts more than double the annual visitors of Noosa, with a high rate of return visitors who stay longer and spend more.
Conclusion:
Moreton Bay is quickly becoming one of Australia’s most promising investment destinations. The region’s strategic location, significant infrastructure investments, and rapid population growth make it an ideal location for property investors. With a diverse economy, skilled workforce, and affordable housing, Moreton Bay offers a blend of metropolitan amenities and regional charm. The region’s vibrant economic and recreational opportunities position Moreton Bay as a premier destination for investors looking to capitalize on its dynamic future.
For further information or personalized advice on investments in Moreton Bay, feel free to contact our team at IFS Mentor. Happy investing!