An Investment & Export Prospectus for the REGION Investment & Export Prospectus 3

FAST FACTS MAJOR PROJECTS

THE MILL AT 469,465 21% 38 MORETON BAY UPGRADES The Mill Priority Development Area at Petrie will From 2013/14 to 2027/28, the Australian Estimated Residential Population Total Population Growth Median Age help to deliver a precinct that fosters knowledge Government has committed $10 billion to the (2019) (2009 - 2019) and innovation, and provides learning and Bruce Highway Upgrade Program. Key upgrades employment opportunities. At a regional level it in the includes: will help to diversify Moreton Bay's economy and Ÿ Caboolture to upgrade ($195m) Ÿ to Caloundra Road interchange support more than 6000 local jobs. The Mill project is a gamechanger that will solidify the ($663m) region's innovation and entrepreneurship Ÿ Caboolture- Road to Steve Irwin

ecosystem. Way ($663m) Ÿ Deception Bay Interchange Upgrade (163m) 27.67% 20.6% 40-60 min The Mill at Moreton Bay is a 460 hectare mixed Ÿ Managed Motorways - Gateway Motorway to use and redevelopment project located at Petrie. Caboolture ($105m) Share of Pop ulation Share of Popu lation Distance from Bris bane The precinct includes the Petrie Town Centre, Aged 0 - 19 Aged 60+ (by Road) Petrie Rail Station and the former Amcor Petrie Paper Mill Site, providing a platform of 65 hectare for new development. The site is the home of the University of the Sunshine Coast Petrie Campus, which opened in January 2020. The site presents a considerable opportunity for the Moreton Bay region as it is the largest Health Care & greenfield innovation precinct in . Beyond education, there are significant 32,300 Social Assistance $1,680,000,000 opportunities for commercial and industry uses on the site that can become a catalyst for

Number of Registered Main Employing Value of Residential innovation and jobs. Businesses (2019) Industries (2019) Building Approvals (2018/19) Artist Impression of The Mill, Petrie

NEW SECONDARY SCHOOL IN MORAYFIELD NORTH LAKES/MANGO HILL TRAIN STATION UPGRADE

The Mango Hill State Secondary College, a As part of the 2018 Government $846,000,000 3,600,000 $19,008,000,000 $45,000,000 development, opened in January State Infrastructure plan, at a cost of 2020 for students in Years 7 and 8. The college $22,300,000, the upgrade is designed to achieve Value of Agricultural Production Number of Visitors (2019) Gross Regional Product (2019) will grow by one year level each year until it independent accessibility to all platforms and will (2019) reaches its full capacity in 2024. be completed by mid 2020.

8 5 NEW RESIDENTIAL REDCLIFFE WAR MEMORIAL POOL DEVELOPMENTS GRANTED REFURBISHMENT Scan the QR Code with your 85 residential developments have been granted Moreton Bay Regional Council has awarded a Mobile Phone to view the approval along the new rail corridor. Whilst $234,200 contract to refurbish the Redcliffe War development has increased along this corridor, Memorial Swimming Pool. Work is targeted for Moreton Bay Region Prospectus online there are still 1,800 hectares of greenfield completion in September 2020, ready for its 50 www.rdamoretonbay.com available that has been designated for year anniversary in 2021. development. 4 Moreton Bay Investment & Export Prospectus 5

ABOUT MORETON BAY

HISTORY SURROUNDING REGIONS

The lands surrounding Moreton Bay are the A key advantage of the Moreton Bay region is its traditional lands of the Jinibara, Kabi Kabi, strategic location in the mega-region of South Turrbal, Waka and Yugara people since the East Queensland, which is home to 3,600,000 formation of the bay over 6,000 years ago. Local people. The Bruce Highway provides direct indigenous tribes leveraged the region’s access to the coastal amenities and lifestyle abundant sources of food, including oysters, opportunities of the Sunshine Coast to the north, mullet and other seafood, as well as the bunya less than one hours’ drive away. To the south nut. provides all the infrastructure, services, employment and business opportunities of a Subsequently named Morton’s Bay by Captain major Australian capital city, all within arms- James Cook during his voyages of 1770, the reach of the Moreton Bay region. region was home to the first European settlement in Queensland at Redcliffe in 1823. Businesses in the Moreton Bay region have direct access to major global markets through the Port Redcliffe operated as a penal colony before of Brisbane and Brisbane International Airport; being relocated to the current position of the both of which are located on the northern side Brisbane CBD and the region was opened to free of Brisbane. The region is serviced by passenger setters in the 1840's. rail as part of the Translink network plus buses service local The Moreton Bay region became a pastoral area centres and destinations. until the 1870s and 1880s when the re- establishment of Redcliffe as a popular seaside PEOPLE, LIFESTYLE & resort town, and the opening of a direct rail line from Caboolture to Brisbane, supported an influx of new residents. AFFORDABILITY

POPULATION The Moreton Bay region is home to almost 470,000 people and is a residential destination of choice for new residents to South East Queensland. Since 2009 over 100,000 new residents have moved to the Moreton Bay region, with the LOCATION AND GEOGRAPHY population expected to continue its rapid expansion to 2 over 600,000 by 2032. This includes proposed new • Over 2,000km residential developments in Caboolture West and • Third largest Local Government Area in Australia Morayfield. • 29km or 39min travel from Brisbane CBD to the Moreton Bay Region The Moreton Bay region has a youthful and dynamic age profile, with children aged 0-14 accounting for more than • 25km or 29min travel from Brendale to 20% of residents in the region. This reflects the fact that Brisbane Airport the Moreton Bay region is highly attractive to young • 294 km Coastline and estuaries families with 44% of the population being couples with children, who draw on the region’s proximity to major

employment, heath and education services at all levels. Despite this youth cohort, the bayside and peri-urban lifestyle of much of the Moreton Bay region continues to attract older retirees and residents, with 15.5% of the population aged 65 years and over. 6 Moreton Bay Investment & Export Prospectus 7

PEOPLE, LIFESTYLE & AFFORDABILITY (cont.)

Strong population growth, particularly among HEALTH young families, has underpinned demand for new Moreton Bay Regional Council is serviced by the Metro North Hospital Health Services houses and dwellings in the Moreton Bay Region Figure 1: Historical & Projected Population, Moreton Bay LGA & Queensland, 2006 - 2041 arm of Queensland Health. Metro North provides a range of population-focused over the past 5 years. Housing supply and 800,000 health services such as community care, mental health services and cancer care. construction a major source of economic activity 700,000 There are two public hospitals within the Moreton Bay Council region - the and employment and new dwelling approvals (both 600,000 Caboolture Hospital and the Redcliffe Hospital. house and other dwelling types) have been broadly trending upwards since 2013/14 to exceed over 500,000 400,000 The region is also serviced by a number of private hospital including: Pine Rivers 4,000 new dwelling approvals in 2018/19. Private Hospital; Peninsula Private Hospital; North West Private Hospital; Caboolture

opulation 300,000 P Private Hospital; Moreton Day Hospital and North Lakes Day Hospital. Housing in the Moreton Bay Region is regarded as 200,000 affordable compared to Brisbane, with house and 100,000 Residents can access the full range of non-hospital health services including doctors, 2010 2014 2018 2022 2026 2030 2034 land prices in the Moreton Bay Region up to 35% 0,000 2006 2038 2042 dentists, pharmacy, pathology, radiation and medical oncology. lower than in the Brisbane Local Government Area in 2017/18. This is despite strong growth in both vacant land and established dwelling prices in the EDUCATION Moreton Bay Region over the past 5 years. The region has an extensive public schooling system with: Figure 2: Age Profile, Moreton Bay LGA, 2017 Ÿ 49 state primary schools 25 Ÿ 13 state secondary schools Ÿ two combined (primary & secondary) state schools 20 Ÿ five special schools Ÿ 37 private schools 15 opulation

10 While the Moreton Bay region has historically been a region lacking in tertiary education options (with local students studying in Brisbane or the Sunshine Coast), Share of P 5 the opening of the University of the Sunshine Coast, Petrie campus, at The Mill site in 2020 provides world class tertiary study and education opportunities for students 0 0-14 15-24 25-34 35-44 45-54 55-64 65+ within the region. Student numbers are expected to reach 10,000 by 2030.

Age Category

LIFESTYLE The Moreton Bay region is a recognised lifestyle destination, attractive for working households and retirees alike. The region has a distinct coastal amenity, owing to its Figure 3: New Dwelling Approvals, Moreton Bay LGA direct access to Deception and Moreton Bays, as well as . Fishing, Year End. June 2014 – Year End. June 2018 recreational boat/sailing, surfing and other coastal activities are popular, while 6000 foreshore destinations such as Redcliffe and Bribie Island, with their beaches, markets, 5000 cafes and restaurants, attract residents and visitors from across Australia.

4000 pprovals The bayside focus is complemented by high amenity per-urban locations, particularly 3000 in areas of the Pine Rivers & Samford regions, Elimbah, Wamuran and towards Bribie

2000 Island. Agriculture continues to play an important role in the regional economy, with

ew Dwelling A the region being recognised for its horticultural production in fruits and nuts. There is N 1000 significant opportunities for boutique agricultural and food production in the region. 0 Historically families often chose to live in the Moreton Bay region and travel to 2013/14 2014/15 2015/16 2016/17 2017/18 Brisbane for work, but increased local employment opportunities and a diversifying Houses Other Residential Buildings economy are resulting in enhanced opportunities to live, work and play in the region.

8 Moreton Bay Investment & Export Prospectus 9

EMPLOYMENT AND WORKFORCE SKILLS

WORKFORCE AND UNEMPLOYMENT In 2019, the Moreton Bay region had a local labour force of over 118,000 workers. The unemployment rate of the Moreton Bay region has tracked broadly in line with the Queensland average.

Unemployment is lower in the southern parts of the region, owing to the closer proximity to job opportunities in Brisbane, though increased investment in Caboolture in health and Petrie in education are expected to drive increased local job growth in the north of the Moreton Bay region.

SKILLS The Moreton Bay region is home to a diverse and skilled workforce which includes a high share of professional and other white collar worker in the ECONOMY south parts of the region (closest to Brisbane) as well as qualified and skilled tradespeople and AND EXPORTS service workers in construction, manufacturing This is expected to increase further with the establishment of the University of the Sunshine Coast, Petrie Campus and and population serving sectors. its scheduled expansion to full capacity by 2036. The Moreton Bay region is a $36 billion diversified economy, well The diversity reflects the combination of a strong The campus will not only provide tertiary education local manufacturing base, residential dwelling led positioned to significantly benefit from South East Queensland’s opportunities within the region but increased business and construction activity and the accessibility of existing and future export infrastructure. researcher connections to drive innovation in the economy professional workers to knowledge-based and industry. employment opportunities locally and in Brisbane ECONOMIC ACTIVITY The Moreton Bay Region economy has grown by an The workforce in the region is young and mobile, average of 7.8% per annum between 2013 and 2017, with an increasing share of tertiary qualified including growth as high as 13.8% in 2016. The workers. economy has been driven by strong population growth, dwelling construction, manufacturing from key industrial areas (such as Brendale, Narangba and Clontarf) and investment in transport, health and education infrastructure. EXPORTING INDUSTRIES Total exports from the Moreton Bay Region are worth over $6 billion each year to the regional economy. Manufacturing is the most prominent exporting industry worth $1.85 billion, accounting for almost one third of all regional exports (30.8%). Construction export are worth $1.27 billion while Agriculture, Forestry & Fishing exports from the region are worth $541.4 million. 10 Moreton Bay Investment & Export Prospectus 11

TOURISM OPPORTUNITIES

TOURISM ASSETS AND ATTRACTIONS

Whale Watching - Moreton Bay is recognised as Caboolture Historic Village - The village is one one of the world’s best whale watching destinations, of the top destinations in the region. Visitors step EXISTING EXPORT of all the great whales, the Humpback whale is the back in time to a village in 1959 with an old post most surface active whale. office, barber, butcher and general store included INFRASTRUCTURE in the over 40 historical buildings in the village. Tours and charters depart from the Redcliffe Pier The village is open 7 days a week from 9am to RAIL AIRPORTS during the season, which is from June until early 4pm November. The Moreton Bay region is well Brisbane’s domestic & international serviced by the airports are a gateway for airfreight Moreton Bay Food Trail - the Moreton Bay region is D’Aguilar National Park - is striking in its diversity network, which provides direct out of the Moreton Bay region, with known for its seafood and strawberries, including of environments and plant communities. Take a access to surrounding economic both airports located on the north the Moreton Bay Bug. View the interactive map and: journey through open eucalypt woodlands, hubs, with the Sunshine Coast to the north and side of Brisbane. Accessed by the adjacent pick your own strawberries; enjoy freshly caught scribbly gum forests and lush subtropical Brisbane to the south. The Redcliffe Peninsula line, Gateway Motorway, the Brisbane Airport precinct is 25 minutes from Brendale and the Redcliffe seafood; visit the many breweries and winery; or rainforests. More than 800 plant species are opened in 2016, stretches from Petrie to Kippa-ring, Peninsula, and 35 minutes from Caboolture. The wander through the organic herb and vegetable found in these forests, some of which are rare providing greater access between precincts within Moreton Bay region will benefit from the opening farms. and threatened. Camping facilities (both bush the Moreton Bay region. https://www.rdamoretonbay.org.au/foodtrailmap and vehicle-based) are available of the new second runway at Brisbane Airport, which opened in July 2020. PORT OF BRISBANE Bribie Island -connected by bridge to the mainland, Bribie Island is mostly covered by the The Port of Brisbane is South East TRENDS IN TOURISM Bribie Island National Park and forestry Queensland’s major exporting hub MAJOR ROADS plantations (covering almost 56 km square). The and is well located in relation to & HIGHWAYS The Moreton Bay Region is a rapidly growing southern end of the island is intensively settles the Moreton Bay region. The port tourism destination, with over 4.47m visitors in and offers a high quality island lifestyle for over is just a short drive from the major The Moreton Bay region is services by two the year to December 2018. This is up 62% 18,000 residents and visitors alike. The island economic hubs of the Moreton Bay region: 40 major arterial roads - the Gateway Motorway since 2013, with day trip visitors from other offers sheltered swimming and water activities in minutes from Brendale and the Redcliffe peninsula; and the Bruce Highway. Both highways run parts of South East Queensland accounting for the Moreton bay, as well as direct access to the and 50 minutes from the Caboolture area. north-south and connect the region with the 3.46m trips in 2018. Domestic overnight visitors Pacific Ocean on the eastern side of the island. Sunshine Coast and Brisbane. account for over 900,000 visitors in 2018 while there were over 100,000 international visitors to the region for the first time last year. FUTURE INFRASTRUCTURE DEVELOPMENTS Figure 9: Tourist Visitors to Moreton Bay Region, ELIMBAH INTERMODAL FREIGHT HUB 2010 to 2018 5.0 The draft SEQ Transport Plan identifies the establishment of an intermodal freight hub in its planning. 4.5 x Planned for the suburb of Elimbah, north of Caboolture on the rail line to the west of the Bruce Highway,

l.) 4.0 the freight hub has been identified for further investigation with a potential completion by 2041.

3.5 isitors (mi

V 3.0 PROXIMITY TO THE TERMINUS OF THE FUTURE INTERNATIONAL BROADBAND SUBMARINE CABLE 2.5 Due for 2020 completion, the Sunshine Coast International Broadband Submarine Cable will deliver the 2.0 fastest telecommunications connection to Asia in the country. Moreton Bay Region businesses are 2010 2011 2012 2013 2014 2015 2016 2017 2018 expected to benefit from the Cable through improved broadband connections to overseas markets. 12 Moreton Bay Investment & Export Prospectus 13

LOCAL BUSINESS COMPETITIVE ADVANTAGES AND PRODUCTION OF THE MORETON BAY REGION

LOCAL BUSINESS AND INDUSTRY The Moreton Bay Region is a diversified high growth economy with a range of distinct and sustainable competitive advantages that will underpin investment and economic growth in the future The Moreton Bay Region is the home of a diverse range of local and national businesses. In 2019 there were over 32,000 businesses registered in the Moreton Bay Region, representing 60 businesses per 1,000 residents. The Health Care Fast Growing Region and Social Assistance industry accounts for over The Moreton Bay Region is experiencing rapid growth in its population and one in five (22%) of all jobs. economy. It has critical mass of population which is projected to exceed 600,000 by 2032, driving demand for a diverse range of high order health, retail, Construction, Retail trade, Education &Training, education, recreation and lifestyle goods and services. Accommodation & Food Services, and Manufacturing feature prominently in the local jobs mix of the region. Fostering growth in the number of businesses in the Moreton Bay region in an economic priority. Industry and Business Supply Chains The Moreton Bay Region business community is diverse and dynamic, with The North Lakes - Mango Hill area is home to the nationally significant construction and manufacturing supply chains supporting highest number of jobs, with a focus on retail. major projects and infrastructure investments across the State. Manufacturing is the largest export industry for the F Moreton Bay Region, valued at approximately $923.8 million. The three main manufacturing hubs are in Brendale, Narangba and Caboolture. Further development of the Mill Site at Petrie as a Accessibility commercial and knowledge precinct is planned. Anchored by the University of the Sunshine Coast The Moreton Bay Region is also strategically services by nationally significant campus, it is expected to become a major cluster highway and arterial roads, providing freight with access to key export of local innovative, high tech and professional K infrastructure (including Brisbane Airport and Port of Brisbane and businesses services businesses. Map from Moreton Bay Regional Council Advanced Manufacturing access to major local markets, skilled workers and national and global supply chains.

Affordability and Lifestyle AGRICULTURAL PRODUCTION The region is a destination of choice for new residents and migrants seeking to The Moreton Bay Region produces $846m in leverage the comparative affordability of the Moreton Bay Region (relative to agricultural products annually, with fruit and nuts Brisbane and other major QLD centres) while accessing a high amenity lifestyle B underpinned by the Bay, urban communities and more rural settlements and forming the core of the region’s agricultural output. The region contributes 55% of Queensland’s high order retail, entertainment and recreation services and facilities. strawberry production, worth $121m annually. The production of other berries is a $40m industry annually and contributes to 16% of Australian production. Tourism and Visitation The Bay anchors an emerging tourism sector that offers visitors a diverse range The rich soils and a sub-tropical climate has of attractions and amenities. Coastal and water activities are complemented by a contributed to the region’s thriving agricultural 60 local food trail and a stunning natural environment and per-urban townships. industry, with agricultural exports valued at around T The critical mass of businesses support employment and business-related $420m. visitation while the new University of the Sunshine Coast Petrie campus represents opportunity to attract international and domestic students in their thousands. BUSINESS CARD

The Regional Development Australia brandmark appears on the name and address side of the business card. The “An Australian Government Initiative” logo appears on the other side with any other logos placed after it.

Sunshine Coast KEY ECONOMIC CLUSTERS

ABOUT RDA KEY INITIATIVES OF RDA MORETON BAY MORETON BAY

Regional Development Australia (RDA) is an Australian Government initiative to support the growth and development of Australia’s regions. RDA was an outcome from a Council of Agriculture / Food Australian Government’s scheme to merge the Beerburrum activities of the previous national Area Consultative Committees with the state Bribie Island regional development boards. Agriculture / Food Proposed Elimbah Intermodal Hub moretonbayjobs.com.au RDA Moreton Bay works across the area covered by the Moreton Bay Regional Council and is focussed on promoting business growth, job creation, collaboration, innovation, Bellara Mount Mee investment, international trade and Caboolture CBD entrepreneurship.

Morayfield

Beachmere

Moreton Bay rdamoretonbay.org.au/foodtrailmap Burpengary Deception Bay

Dayboro

North Lakes Redcliffe Foreshore

Lake Samsonvale Redcliffe Peninsula Rail Line Redcliffe

Petrie / The Mill Site rdamoretonbay.org.au/supplychain Brendale Industrial Area

Agriculture / Food

sustainablemoretonbay.com.au

Brisbane

Regional Development Australia BRANDING CONVENTIONS – May 2009 19 FOR MORE INFORMATION & PRINTED COPIES OF THE PROSPECTUS CONTACT: Annette (Nette) Griggs

Director

+61 7 3897 4925

[email protected]

Regional Development Australia, Moreton Bay 427-433 Elizabeth Ave Kippa-Ring QLD 4021 PO Box 84, Redcliffe QLD 4020 Scan QR Code with https://rdamoretonbay.org.au your mobile phone to view our website Edition: July 2020 v4