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Home , Cairns, Cairns Region, Cassowary Coast Region, City of Cairns, Tablelands Region

Regional Investment Prospectus WELCOME FROM THE CHAIR OF ADVANCE CAIRNS

Cairns is Cairns is the world’s most liveable tropical city. Perfectly positioned, it’s natural beauty and diverse landscape has made it both an international tourism the world’s destination and a desirable lifestyle region. Our region’s economic base is founded on its natural resources and unique most liveable natural environment. In the early years, mining, timber and grazing drove an explosion of migration, tropical city settlement and development. Attracting people from the southern parts of Australia as well as those from Europe, the United Kingdom, China and many other countries, the region has a very long history as a cultural melting pot, Perfectly adding great diversity to our society. Over time, the sugar industry became the major industry on the coastal plain, positioned, with the Atherton Tablelands establishing itself as the food bowl for the coast, with diverse cropping and Australia’s only tropical dairy industry. its natural Recognised also for its excellent fishing, the industry grew to become one of the region’s key economic mainstays. Advancements in innovation and technology have seen the development of a burgeoning aquaculture industry which now beauty and exports product all over the world. Tourism in the region was established during the 1960’s and is one of the diverse largest industries in the region. The opening of the Cairns International Airport underpinned the development of the modern international tourism industry we landscape has see today. The bountiful and beautiful districts that surround the have much made it both an to offer the prospective investor. The Atherton to the west of Cairns is emerging as one of the international most exciting places in North to live and do business. Due to its varied , rich agricultural soils and plentiful irrigation water, the Tablelands is a tourism prolific producer of agricultural commodities to Australia and the world. The to the south of Cairns offers a relaxed, outdoor destination lifestyle with essential services readily available. With a healthy annual rainfall, this area is also one of the greenest in Australia, making it ideal for the production and a desirable of tropical crops such as sugar cane and bananas. The pioneering spirit that established and developed the Cook Shire to the north of Cairns is still alive and strong in the 21st century. The region’s main economic lifestyle region drivers are beef cattle, mining, fishing and horticultural industries. This Investment Prospectus provides a window of opportunity for those wishing to discover what makes Cairns and the region so unique and advantageous as an investment destination. It is with a solid history of growth, a stable economy and unlimited potential that ectus I welcome you to partner with our region to develop a complementary future. p

Cam Charlton ent Pros

Chair, Advance Cairns m nvest egional I R

3 Tokyo

Osaka

Shanghai

Taipei Hong Kong PERFECTLY Mumbai Taiwan Bangkok POSITIONED Guam Singapore

Kuala Lumpar FAST FACTS • A regional population of nearly 245,000, with an average annual growth rate of 1.9% between 2001 and 2012, compared to Australia’s Denpasar Bali Honiara average annual growth rate of 1.5% Darwin • Average annual population growth in Cairns of 2.5% CAIRNS A strong Alice Uluru Springs regional economy Gold Coast worth more than $12 billion and Auckland growing by 3% annually

Cairns and the region is Australia’s premier • A diverse economy which features 1.55 million regional destination and is perfectly positioned tourism, agriculture, construction, mining and retail industries, domestic for conducting serious business in Australia’s among others most stunning location. • Exports of $6.9 billion each year visitors Cairns, the gateway city to the region, is highly • More than 23,400 registered and 690,000 businesses generating regarded because of its location, infrastructure Over 3 million passengers move Major industries in the Cairns employment for 117,000 locals international and world class facilities and attractions. through ’s domestic region include tourism, agriculture, It is Australia’s northern gateway to Asia • 1.55 million domestic visitors and visitors terminal each year. There are direct construction, mining and retail, 690,000 international visitors domestic flights to Brisbane, Gold with marine and aviation industries and beyond, and a major service provider each year each year Coast, Sydney, Melbourne, Perth, experiencing growth and offering Darwin and Townsville as well as to opportunities for investment. into Northern Australia. • Annual domestic and international , Uluru (Ayers Rock) and visitor expenditure of $2.46 billion The bulk cargo capacity of the Port of As a developed city in the we have other regional centres. Cairns includes petroleum products, ectus

• A 24/7 curfew free international p the technology, health, education and social Cairns Airport is one of Australia’s sugar, fertiliser and liquid petroleum airport structures within a politically stable environment busiest for international passengers gas. The port is ideally located as

• More than 140 primary and with direct flights from Auckland, a supply and service centre for the ent Pros

to capitalise upon our natural environment m secondary schools Tokyo, Hong Kong, Shanghai, Guam, mining industry. and our global location. Port Moresby and to Singapore, via • A university ranked in the nvest Darwin. There are also seasonal top 4% in the world flights from Guangzhou. egional I R

5 GEOGRAPHIC Parameters The Regional Prospectus is primarily focused on the four Local Government areas of Tropical being the Cairns Regional Council, Cassowary Coast Regional Council, the Cook Shire Council and the Tablelands Regional Council. However, it also acknowledges and integrates the economic links which extend beyond these localities. These economic links include , the , Hinchinbrook, Townsville and the neighbouring indigenous communities. ectus p ent Pros m nvest egional I R

7 ECONOMIC & market snapshot

The Cairns The region has a number of key Comparative and competitive assets that serve to generate central economic advantages are being region’s economic drivers for economic development in built on these assets through: the region. • Building collaborative industry base is founded clusters to foster interaction, on its natural Economic assets include: learning and innovative use of • Excellent climate and soils for regional assets. resources and diverse agricultural industries • Value adding to agricultural and good supplies of clean, products. unique natural harvestable water. • Research and development environment • Extensive mineral deposits such as focusing on new crops and bauxite, copper, zinc, gold and tin. products that can be derived • Renewable energy production from the wide range of biomass including hydroelectric, solar, that can be produced in the region. geothermal and wind power • Development of tradable services generation. building on the specialist skills in • Well established transport and the region. distribution networks across the region. • An international airport in Cairns and many smaller airports around Contribution of Cairns and the region. 14,000 the region to GRP • A well-established ports network, The Gross Regional Product totalled 12,000 including four commercial ports more than $12 billion as of 30 June and an international cruise ship 2012. After weathering the delayed terminal. 10,000 impacts of the Global Financial

• Proximity to major Asian and Crisis, the region’s GRP grew by 8,000 South Pacific markets. 2.4% for the 12 months to June 2012.

The region has achieved 3% average 6,000 annual growth in GRP between 2001 and 2012. 4,000 ectus Economic growth in Queensland is p

forecast to be 3% in both 2013-14 ILLION 2,000

and 2014-15, before strengthening ent Pros P $M m

to 6% in 2015-16. Queensland’s GR 0 economy recorded the second 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 nvest highest average annual growth rate year ending june of any Australian state or territory Source: egional I

over the last 20 years. National Institute of Economic and Industry Research- modelled data. R

9 SKILL FORCE

Skills and Employment Within the region, there are more people with Engineering and Related As a lifestyle region, many skilled workers are attracted to settle here. Technologies qualifications in the Professional skills in the region workforce than any other field of provide a broad base, encompassing qualification. English language tuition, sophisticated medical services, environmental assessment, The local labour management and monitoring services, financial and legal services, market provides information and communications In the region, Retail Trade is the technology, scientific research largest employer, generating 14,626 access to a Productive Industries and education. local jobs in 2011-12. highly skilled The has significant Value added by industry sector 2011-12 opportunities for growth and Employment (total) by Industry and stable diversification especially in the Industry $m % Industry $m % foundation industries of agriculture Transport, Postal and Warehousing 1004.1 9.4 Retail Trade 14,626 12.5 workforce which and tourism. The emerging Construction 929.8 8.7 Health Care and Social Assistance 13,894 11.9 growth sectors of aviation, marine, is critical for Health Care and Social Assistance 907.9 8.5 Construction 13,886 11.9 education, health services and Agriculture, Forestry and Fishing 862.2 8.1 business success. tropical expertise have potential Accommodation and Food Services 11,973 10.3 to offer high-technology and Public Administration and Safety 824.7 7.7 Agriculture, Forestry and Fishing 9,447 8.1 knowledge-based investment Mining 814.7 7.6 Education and Training 7,871 6.7 Extensive education and skilling opportunities. Retail Trade 767.6 7.2 Public Administration and Safety 7,827 6.7 programs and opportunities exist Manufacturing 657 6.2 In the region, Transport, Postal and Transport, Postal and Warehousing 6,952 6.0 locally. Analysis of the fields of Warehousing is the most productive Accommodation and Food Services 593.9 5.6 Professional, Scientific andT echnical Services 5,251 4.5 qualifications of the workforce industry, generating $1,004 million in Wholesale Trade 541.2 5.1 Manufacturing 5,137 4.4 shows that the three largest fields 2011-12. This industry includes road, Education and Training 531.5 5.0 Administrative and Support Services 5,116 4.4 of qualification were: air, rail and sea transport (freight Financial and Insurance Services 503.9 4.7 Other Services 4,117 3.5 and passenger), as well as postal, • Engineering and Related Professional, Scientific andT echnical Services 477.9 4.5 warehousing and storage. Rental, Hiring and Real Estate Services 2,553 2.2 Technologies Rental, Hiring and Real Estate Services 284.5 2.7 Value added by industry is an Arts and Recreation Services 1,771 1.5 (10,501 people or 11.7%) indicator of business productivity in Administrative and Support Services 255 2.4 Wholesale Trade 1,714 1.5

• Management and Commerce ectus Other Services 235.5 2.2 p the region. It shows how productive Mining 1,468 1.3 (9,546 people or 1.6%) each industry sector is at increasing Electricity, Gas, Water and Waste Services 202 1.9 Electricity, Gas, Water and Waste Services 1,391 1.2 • Health the value of its inputs. It is a more Information Media and Telecommunications 173.2 1.6 ent Pros

Financial and Insurance Services 1,056 0.9 m refined measure of the productivity (6,293 people or 7.0%) Arts and Recreation Services 105.3 1.0 of an industry sector than output, as Information Media and Telecommunications 751 0.6 nvest some industries have high levels of Total Industries 10,672 100.0 Total Industries 116,800 100.0 output but require large amounts of Source: Source:

National Institute of Economic and Industry Research. National Institute of Economic and Industry Research. egional I input expenditure to achieve that. R

11 MAJOR PROJECTS

Land availability Major projects underway or planned for Cairns and the region include: Local Governments in the region work closely with stakeholders to • $15 million expansion to the identify and develop land suitable for Redlynch Central Shopping future industrial precincts through Around 20 per cent of the region’s Centre formal planning processes. population currently live outside • $40 million Cairns Shipping There is a substantial amount of land of urban centres like Cairns. The Development Project in the region, including land which existing range of rural lot sizes is currently zoned for residential provides flexibility for agricultural • $150 million purposes. practices. upgrade south of Cairns, with a further $674 million to be spent locally Residential land development activity profile March Quarter 2013 • $500 million Mount Emerald Broadhectare* Expected Wind Farm on the Atherton land supply yield Tablelands POSITIONED Council (hectares) (dwellings) Cairns Regional Council 1,470 11,000 • $1 billion redevelopment of Cairns Airport Cassowary Coast Regional Council 1,050 5,000 FOR GROWTH Tablelands Regional Council 4,640 11,000 Cook Shire Council n/a n/a $4.2 billion Aquis

Broadhectare land refers to residential greenfield and Cairns and the region has a bright The availability of high speed brownfield land (greater than 2,500m2) that is currently Great Barrier Cairns and the suitable for residential development. future, with population estimated to broadband in Cairns and the SourcE: Statistician Reef Resort at region has a grow by more than 90,000 by 2026, region means regional and remote accompanied by major infrastructure businesses will be able to connect Energy Water Yorkeys Knob bright future development. The region’s economic and interact with domestic and The region benefits from a safe, Water for the region is supplied development will be driven by international markets like never secure and reliable electricity by various dams, creeks, rivers its existing industries and the before, enabling greater innovation, supply from a combination of and aquifers. Councils across development of new industries. facilitating new business models and improving regional productivity. local generation facilities and via the region actively address the The trend towards a more digitally transmission and distribution provision of adequate water supply based economy will provide a networks connected to other to meet the growing demands of transformational opportunity for

power stations in the State. industry, primary production, ectus

Cairns and regional communities as p Energy infrastructure providers urban development, recreation more business activity is conducted have a number of projects under and environmental uses. through high-speed broadband. construction and planned for the ent Pros m future to meet the expected growth in demand. nvest egional I R

13 WORLD CLASS FACILITIES

Cairns Convention Centre Competitive Competitive Advantages A purpose-built, international business conditions The Cairns region’s competitive standard meeting facility which is The Cairns region Taxation in Queensland in advantages are founded on its ideal for exhibitions, banquets and 2013-14 is estimated to be $490 location, natural assets and conventions and meets domestic boasts high per person less than the average industry specialisations. and international business needs. of other Australian states. The quality, world- Competitive advantages include: Cairns region’s low business class education Cairns Airport costs offer a strong destination • Access to international markets Australia’s seventh busiest for business and investment. though the international airport facilities that airport for international passengers and seaport facilities. and has over 3 million passengers GLOBAL OUTLOOK • Established trading activities passing through the domestic Comparison of payroll are vital to tax rates and thresholds and networks, including direct terminal each year. The airport, (as at 1 July 2013) international flights to Hong Kong, Innovation and Cairns and the region is positioned to just 7 kilometres from the Cairns the region’s State or Tax rate Exemption China, Japan and Papua New Tropical Expertise boom over the next 20 years as Asia’s CBD, also features a thriving territory (%) threshold Guinea. increasingly prosperous nations drive competitiveness General Aviation precinct. As a region, we have fine- Queensland 4.75 $1,100,000 huge growth in Australian industries • A strong international image which tuned our unique knowledge in 4.90 $550,000 has emerged from our profile as like farming, tourism and education. both nationally Cairns Reef Fleet Terminal accordance with the characteristics South a tourist destination. Deloitte Access Economics’ Catching and CityPort development 4.95 $600,000 of our environment – how to build and globally Australia* the Next Wave Report indicated CityPort is a world-class all- • Excellent public and private roads, bridges and housing; how New South that these growth drivers have the weather waterfront facility which 5.45 $750,000 education facilities, including a to treat disease; how to raise Wales potential to grow significantly faster provides facilities for reef world-class university and the livestock; how to produce crops; With established primary, secondary Western than the global economy over the operations, pleasure craft and 5.50 $750,000 Tropical North Queensland TAFE, how to manage water collection, and tertiary institutions, plus Australia next 10 to 20 years. superyachts, complemented providing access to a skilled storage and reticulation. vocational education providers, Northern The Northern Australia policy by a waterfront tourism precinct 5.50 $1,500,000 workforce, research facilities Businesses and research the region has extensive education Territory of the Federal Government adjacent to the CBD. and expertise. organisations in the Cairns region facilities. 6.10 $1,250,000 exposes numerous opportunities • An attractive lifestyle enriched offer a wide array of tropical The Cairns region offers a wide Australian for investment into and around Cairns Cruise Liner Terminal by the availability of a wide range expertise in areas such as range of healthcare services from Capital 6.85 $1,750,000 the region. Prospective projects An international standard cruise Territory of sporting and cultural facilities, health, security, environmental oncology, general surgery, dental, will include renewable energy, liner terminal, function and complemented by the natural management, tropical architecture, social work, plastic surgery, to water catchments and associated exhibition space. *Note: For 2013-14 offers concessional environment. design and construction, and rates for payrolls up to $1.2 million. infrastructure, and agriculture world-leading fertility technology, renewable energy, with many Source: including food production. The in accordance with its status as a Queensland Government • A substantial amount of land is of them recognised as experts development of a food bowl in the regional capital city. available for development. in their field. ectus

North will assist to double Australia’s p The region’s competitive industry agricultural output, while building the specialisations extend beyond the clean and efficient energy industry

core of tourism and agriculture ent Pros

has the potential to provide major m to industries such as marine and increases to resource exports

aviation, the provision of tropical nvest out of the region. expertise and the supply of support services to businesses, industry and egional I

the community. R

15 BUSINESS IN FOCUS

There are a There are a wide range of businesses Industry Overviews and organisations helping to Tourism wide range of shape the future of Australia’s most dynamic region. Steel Tourism is a well-established businesses and manufacturers, boat builders, land and pivotal industry for the region. developers, regional airlines, events It is strongly linked to a number organisations managers, finance managers, of other industry sectors and has insurance agencies, transport been the driver of growth in sectors helping to shape and logistics companies, and such as aviation and marine. construction companies are just The Cairns region offers unique the future of some of the organisations. experiences including the Great Australia’s most The enthusiasm, commitment Barrier Reef, World Heritage- and determination of the business listed Wet Tropics Rainforests, dynamic region community is a key characteristic including Daintree and Cape of the region. Tribulation, and rich Indigenous culture. The region caters for There is also much support for domestic and international regional businesses, with a region- visitors with a spectrum of wide commitment to promoting new service offerings from adventure and existing industries and pursuing and budget to luxury, boutique business opportunities. and eco-friendly resorts. The expansion and diversification of Competitive advantages include the region’s industry base is a key the international airport, cruise ship Engineering, manufacturing The region has grown into a major The sector provides a point of hire strategy in the development of a solid facilities, a world-class conference and construction supply and service hub for the that forms a vital part of competitive economic and social framework that centre and highly developed, high- resources sector with demonstrable employment packages for workers will provide long term outcomes and The Cairns region is positioned as an quality tourism infrastructure. experience across Australasia, in the resource sector. a dynamic future for our region. ideal engineering and manufacturing including Papua New Guinea The Cairns region is ideal for hub for the booming resource sector Specific capabilities include and Indonesia. hosting business events and the in the Oceania-Australasian region, fabrication and associated services, focus on this market sector has due to its geographical proximity to The region’s manufacturing industry machining and processing, design resulted in substantial increases in many markets and excellent aviation is accustomed to providing a and consulting services and ship major business events, numbers links. It has an experienced and quality product in a timely manner. building and repairs. of delegates and overall spending. motivated business sector ready to Specialist work crews based across Investment opportunities exist in World-class facilities and services provide exceptional service in heavy the region are available for major the establishment of specialised

are able to cater to all venue and engineering, vehicle and machinery ectus

construction and maintenance p engineering manufacturing. accommodation requirements, repairs, mechanical repairs, works as well as shut downs, providing incentives, themes and consulting engineers, and numerous are easily mobilised, and are

ideas, pre and post touring programs other fields. ent Pros accustomed to working and m and professional support services. living in remote locations. nvest egional I R

17 LEARNING

Education and training The Cairns region boasts internationally-recognised education and training facilities in a unique tropic environment, including the world-renowned , ranked in the top four per cent of the world’s tertiary institutions, University’s Cairns Distance FOOD BOWL Education Study Centre, and the Aviation state-of-the-art TNQ TAFE. Agribusiness and food processing The aviation industry has grown The diversity of education options steadily over the past 20 years and BOASTING strong is immense, with more than 140 continues to demonstrate strong schools catering to the education growth, enhanced by the tourism agricultural and needs of thousands of primary industry. The region has a large and and secondary students, while the very diverse general aviation fleet growing niche training capability of the region and supports substantial domestic spans the marine, aviation, mining, and international air traffic. food sectorS tourism and hospitality sectors. To support this high level of Various international programs activity there are many supply With a strong agricultural sector, are offered across the spectrum of chain industries that include flight the produce of the region supplies Marine Mining and mining services schools, catering for students from catering, engineering, trucking, food processors and also supports many different cultures through The Cairns region has a well- They have the ability to provide logistics and air transport. Cairns and the broader region is a growing niche food sector.The study tour programs, short-stay established and world renowned maintenance on a wide variety of Equipment installation, maintenance rich in diverse minerals resources, region specialises in bananas, programs and full enrolment. marine industry, particularly vessel types and the capacity to and training have also developed with the region having a long mangos, tropical fruits, diary, James Cook University has in marine tourism, which has meet almost all maritime service to service the industry. Cairns has history in providing quality beef, sugar, seafood, poultry, established a strong reputation contributed to the strong growth needs, catering from everything the only recognised service facility services to the mining and coffee, peanuts, maize, pasture in a number of fields. The university in this sector through the from trawlers, cargo vessels for Bombardier’s Dash 8 Q-Series resource industry. seed, potatoes, and a wide range superyacht, cruise liner and through to superyachts. conducts internationally-recognised aircraft in the Southern Hemisphere Businesses within the region have of horticultural produce and local charter boat sectors. research in areas such as marine A growth sector includes the and also boasts the largest avionics built expertise around servicing forestry products for domestic and sciences, biodiversity, tropical Cairns has the largest marine maintenance of grey boats and facility in Australia. The major this market in mostly remote and international markets. ecology and environments, global tourism sector in Australia. The provision of defence services. training institution for aircraft difficult to reach mining locations. Competitive advantages of the warming, tourism, and tropical Reef Fleet Terminal is the gateway engineers and technical support The region boasts a wide Well over 100 businesses operate region supporting these sectors medicine and public health care. to the for more staff is the Cairns Aviation array of mining and resource in the marine services sector, from are the tropical climate and fertile than 650,000 passengers each year. Skills Centre. services including training, The Great Barrier Reef Marine shipping agents to naval architects soil, as well as long established and White boat (recreational) sectoral recruitment, contract labour, International College is Australia’s to cater to such demand. The skills With this continued growth, there sophisticated primary production activity includes a combination of safety, environmental consulting, newest maritime training colleges required to cater to the region’s are opportunities in allied aviation and associated supply chains in the maintenance, refit and/or provedore mechanical servicing plant and one of the best equipped marine services sector can be industries including avionics, region. The proximity to the Asian services for superyachts, local manufacture, maintenance training centres in the delivered by the Great Barrier Reef engineering, manufacturing and Pacific market is also of considerable charters, recreational boating and and shut-down services. southern hemisphere. International Marine College. training, as well as logistics, benefit, supported by the accessibility cruise liners. particularly in the export While significant activity already to an international airport for fresh The Cairns Aviation Skills Centre The Cairns trading port handles bulk of perishable goods from produce export, including seafood boasts one of the largest avionics There is significant ability in the exists, further opportunities in the

carriers, coastal shipping, mother ectus

region in maritime servicing at three the region. areas of mining including service and tropical fruit. p facilities in Australia and has won ships, and project specific cargo major slipways, all with significant provision, and training services. international acclaim for its level and container carriers. Adding to While aircraft maintenance activities Investment opportunities exist in experience and capacity. the higher-value related products of professionalism and innovative the capacity of the Port of Cairns are concentrated in Cairns, ent Pros m training programs. The Centre is is , which is significant opportunities exist for from primary production including the development of maintenance and biotechnology, production and a purpose-built aviation training primarily used for sugar, molasses, nvest centre of excellence, offering woodchip, logs and live cattle export flight training facilities at , processing of specialised organic internationally-recognised aircraft but has the capacity to be used for with complementary activities at products and other niche egional I maintenance qualifications. additional purposes in the future. smaller regional airports. market products. R

19 LIFESTYLE IN FOCUS

Cairns, People in the region enjoy a choice Median Rent of housing options to suit every Cairns versus Brisbane the world’s lifestyle preference, from Quarter December 2012 living, to homes in Cairns the rainforests of the Daintree or most liveable 2 3 4 Mission Beach, to the Tablelands, room room room tropical city, Cooktown and beyond, which offer House $290 $350 $420 both rural, residential and urban is a sophisticated living. With minimal travel times to Flat/ Unit $200 $260 $360 Townhouse $250 $300 - business work, metropolitan shopping and an abundance of dining options, the Brisbane region offers an enviable lifestyle centre which 2 3 4 where it is possible to strike a room room room balance between work and life. incorporates all House $490 $600 $180 For locals, investors and tourists Housing and Flat/ Unit $440 $580 $770 the essential alike, Cairns is one of the leading Rental Affordability Townhouse - $690 - regions in Australia for growth Housing prices in Cairns and the elements and opportunity. Affordable quality region are more affordable than Source: housing, high standards of education Residential Tenancies Authority many other Queensland cities, of a modern and health care, and a low cost of making it economically attractive to living means Cairns measures up commercial live, work or set up a business here. favourable when compared to environment the rest of the country. Additionally, The median house price in Cairns at crime and safety statistics for Far December 2012 was $348,000, which Residential dwelling sales (a) by local government area TNQ Region, 12 months ending 31 December 2012 (b) and an enriched North Queensland show that the is more affordable than Townsville, Number of sales Median sale price region is approximately 50% safer Mackay, Brisbane and Gold Coast. Local Detached Attached Total Detached Attached Total cosmopolitan and experiences less crime than Median rent for a 3 bedroom house government dwellings (c) dwellings (d) dwellings dwellings (c) dwellings (d) dwellings most major capital cities. in Cairns in 2012 was $350 per week, area lifestyle compared with $600 per week in – Number – – $ – Ethnic and cultural diversity Brisbane city. defines the Cairns region. Today, Cairns 2,295 1,695 3,990 348,000 200,000 300,000 Cassowary people of Indigenous, African, Queensland has a range of stamp 311 49 360 245,000 160,000 232,000 Coast American, Asian, European, duty concessions for eligible home Hmong, Indian, Latin American buyers. The transfer duty home Cook 44 2 46 270,000 n.a. 270,000 Tablelands 553 43 596 300,000 186,000 295,000 and Middle Eastern descent concession scheme provides a ectus p continue to contribute to the concessional stamp duty rate of TNQ Region 3,203 1,789 4,992 n.a. n.a. n.a. economic, social and cultural 1% up to a value of $350,000, with Queensland 66,413 28,475 94,885 395,000 345,000 380,000

development of the region. normal rates for the remaining value ent Pros m of the purchase of a principal place Source: Department of Natural Resources and Mines, Office of the Valuer-General, Property Sales.

of residence. The buyer must occupy nvest the home for a period of 12 months. egional I R

21 INVESTMENT POTENTIAL

The investment How we can help Significant opportunities exist potential of the within the region for investment at all levels and across a wide Cairns region range of industry sectors. has already Land development and infrastructure options are been realised attractive opportunities for companies, individuals and joint and continues venture arrangements. to grow within The region also boasts significant opportunities in resources and a wide range mining services, information and communications technology, of industries, renewable energy, biofuels, tourism, food and agribusiness, providing unique tropical expertise, investors with a and manufacturing. Gaining access to a variety positive climate of local investment opportunities is available through a regionally- to commit to compiled investment register, housed within the Advance Cairns CONTACT US website www.advancecairns.com This is backed The Investment Opportunities Business migration visas register was established to up by a range The Queensland Government facilitate connections between considers nominations for business private enterprise, industry, of support migrants who wish to invest in community and government Queensland through the Business networks within agencies, by connecting investors Innovation and Investment Program. with investment opportunities to In partnership with the Department the Government encourage economic development of Immigration and Citizenship, in the region. ectus and private Queensland considers Expressions Advance Cairns p Support for investors seeking of Interest (EOI) for business Phone +61 7 4080 2900 opportunities in the region is COUNCIL SUPPORT sectors migrants seeking to make an Fax + 61 7 4031 3994 ent Pros available from a network of private investment that directly benefits Email [email protected] m and public sector groups which Queensland’s economy. nvest Advance Cairns seeks to facilitate. www.advancecairns.com egional I R

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