The region's economy reached a Gross Regional Product (GRP) of $16.45 billion in June 2023, reflecting a solid 3.5% increase over the previous year, well above Queensland’s average of 2.4%. Contributing 3.54% of the state's economy — its highest share to date — the area's growth is fueled by the Construction, Manufacturing, and Health Care & Social Assistance sectors. Health Care has become a key driver of growth, making it an increasingly resilient local economy.
Employment opportunities continue to surge, with a 4.6% increase in local jobs, totalling 126,317. Additionally, resident employment saw a 6% rise to 181,794 workers. Over the past five years, job growth has reached 14.8%, outperforming the state average. Manufacturing remains a major contributor to the economy, with exports valued at $1.96 billion across key industries such as food, metal, and petroleum.
Infrastructure investments are further driving the region’s appeal. Recent completions include a $512 million enhancement project and $12 million in key upgrades. Ongoing development of healthcare services, slated for completion by 2027, and a planned enterprise zone expected to inject over $1 billion into the economy underscore the area's long-term growth prospects. These factors make it an ideal location for investment, particularly in dual-key properties — offering high rental yield and flexible living options for savvy investors.
Before we explore this specific property opportunity, let's ensure it aligns perfectly with your investment goals. At Calla Property, our strength lies in our systematic, research-first approach. Through our award-winning Calla Property Insights methodology, we analyse capital cities and regions primed for strong growth, identify suburbs with robust rental demand, and pinpoint demographics driving price appreciation.
Ready to discover if this property could be your next step towards building lasting wealth? Let our property strategists guide you through our proven research process and help match your goals, structure, and budget with the right investment opportunity.
House & Land: 4+2 / 2+1 / 1+1
House: 236 m2: $521 200
Land: 576 m2: $680 000
Est. rent: $1,225 p/w
Land registration: Registered
The floor plan, furniture and fixtures, measurements, and dimensions are approximate and are for illustrative purposes only.
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Calla Property Investment Specialists:
+61 407 465 850 | +61 482 080 189