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Goondiwindi Region Investment Prospectus

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Goondiwindi Region Investment Prospectus THRIVING GOONDIWINDI REGION RICH AGRICULTURAL COUNTRY HISTORY Investment Prospectus CULTURE EXCELLENCE REGIONAL AUSTRALIA at its best! get to know the GOONDIWINDI REGION CONTENTS A THRIVING REGIONAL SUCCESS STORY 3 STRATEGIC LOCATION 4 COMPETITIVE ADVANTAGES 6 LUNDAVRA YAGABURNE A DIVERSE ECONOMY 7 OUR COMMUNITY 17 KIOMA OUR LIFESTYLE 18 WEENGALLON IN GOOD COMPANY 21 TOOBEAH BUNGUNYA GOONDIWINDI A FUTURE-READY REGION 22 TALWOOD This report is produced by the Goondiwindi Regional Council using the latest data available at time of publication (May 2019). All data from economy.id.com unless otherwise stated. 2 T H E AV E R AG E BUSINESS TURNOVER IS 82% HIGHER P E R CAPITA IN THE GOONDIWINDI REGION THAN IN BRISBANE CITY.* A THRIVING REGIONAL SUCCESS STORY The Goondiwindi region is a regional The Goondiwindi region is one of the most success story in Australia. It’s why we’re productive areas in Australia and produces known as Regional Australia at its best. some of the country’s best wheat, beef cattle, wool, cotton and other specialty crops for The region is rich in history, home to domestic and international markets. BERNARD SALT a thriving country culture and renowned for its agricultural Thanks to recent major investments in MANAGING DIRECTOR, excellence. infrastructure (Inland Rail, Wellcamp Airport, THE DEMOGRAPHICS GROUP Toowoomba bypass), the region is set to benefit Our prosperity is due to two from a vast increase in export potential. “The border town of INGLEWOOD key factors: our strategic We are proud of our agricultural roots and location and the diversity of our confident in our future as a modern regional Goondiwindi [is] diverse... agricultural and pastoral sector. centre. COOLMUNDA prosperous and affordable, with all the amenities required Just four hours from Brisbane, From local producers of gourmet ingredients to raise a family.” YELARBON the region’s fertile river valleys and to global leaders in ag-tech, the Goondiwindi floodplains comprise some of the region boasts a unique combination of tradition best agricultural land in Queensland. and innovation. BEEBO 2 TEXAS $0.73 19,248 KM 1,900+ 1.2% Land area of the Businesses operating in BILLION Growth in GRP region (more than half Gross Regional our entrepreneurial since 2016-17 the size of Taiwan) Product 2017-18 community * ‘Insight’, Regional Australia Institute. From Counts of Australian Businesses, including Entries and Exits, Jun 2009 to Jun 2013, ABS. 3 STRATEGIC LOCATION The Goondiwindi region is uniquely positioned at the intersection of five major highways, providing critical linkage from production areas to coastal ports and major regional centres. The region’s strategic location makes it the gateway to western Queensland and the TIME ZONES natural access point for most interstate travellers. The region is well- connected Within 2 hrs: China, Hong Kong, to major transport corridors, with convenient access to national and international Singapore, Taiwan networks by road, rail, air, and sea. Within 1 hr: Japan, Korea Recent investments in infrastructure are vastly increasing the area’s accessibility and export potential: the Toowoomba Second Range Crossing will reduce travel time to Brisbane by up to 40 minutes for HGVs and will greatly reduce freight costs; Inland Rail (expected completion 2024) will link Melbourne CLIMATE with Brisbane via the Goondiwindi region and vastly increase export potential. Avg. annual rainfall: 621 mm* Avg. temperature: 17 - 32°C The newly-completed Toowoomba Wellcamp Airport is also creating new business Avg. daily sunshine: 8.75 hrs opportunities by connecting the Goondiwindi region to Asia and the Middle East. This includes weekly freight flights into Hong Kong; other connecting destinations include Beijing, Doha, Singapore and Tokyo. Freight costs and shipping times to North Asia are TRAVEL TIMES AND DISTANCES TO MAJOR CENTRES significantly less from southeast Queensland than Destination km Drive time Flight time Queensland from most of Europe, the US TOOWOOMBA 221 2 h 30 m --- and Canada. BRISBANE 345 4 h 40 min * GOLD COAST 378 4 h 30 m --- ROCKHAMPTON 654 7 h 1 hr 15 † TOOWOOMBA BRISBANE SYDNEY 750 8 h 45 m 1h 45 m * Darling Downs and South West GOONDIWINDI REGION MELBOURNE 1,328 14 h 15 m 2 h 25 m * NEW SOUTH WALES * Bureau of Meteorology, bom.gov.au. * Flight times from Toowoomba Wellcamp Airport (WTB). 4 † Flight time from Brisbane Airport (BNE). A WELL-CONNECTED REGION Toowoomba Wellcamp Airport is the region’s closest international airport and has over 80 weekly services. Opened in 2014, the airport is expected to become a major air freight hub. The South Western rail link from Thallon to the Port of Brisbane via Goondiwindi can service a vast area of highly productive agricultural land. Inland Rail will vastly increase this connection by 2024. THE GOONDIWINDI REGION IS IDEALLY SITUATED IN A TEMPERATE SUBTROPICAL CLIMATE WITH 300+ DAYS OF SUNSHINE PER YEAR. At the intersection of five major highways, the region is an easy driving distance from many major centres and is just four hours from Brisbane. All towns in the region are accessible by sealed roads. The historic Victoria Hotel is an iconic building in the Goondiwindi CBD. 5 COMPETITIVE ADVANTAGES At just 4.75%, Goondiwindi companies pay the lowest rate of payroll tax in Australia. In addition, Queensland offers the highest exemption threshold of any mainland state at$1.1 million. This is 46.7% higher than similar regions in New South Wales.* LOW COST OF BUSINESS STRATEGIC LOCATION Commercial and industrial property costs in the region Goondiwindi is uniquely positioned at the intersection are very competitive. Trunk infrastructure charges per of five major highways, providing critical linkage from additional lot in the Goondiwindi region are 82% less production areas to coastal ports and regional centres. than Brisbane City. In addition, businesses in our region enjoy advantages that similar regions in NSW can’t offer: Our location is close enough to Brisbane and Toowoomba to offer all the benefits of city living, while also offering • The lowest rate of payroll tax in Australia (4.75%) an authentic country lifestyle and ensuring that land and • The highest exemption threshold of any mainland state business costs are affordable. • Low workers' compensation premiums Recent infrastructure developments in the Darling Taxation in Queensland was estimated to be $767 less Downs (Inland Rail, Wellcamp Airport, Toowoomba per person than the average of other Australian states Bypass) are making the the region more accessible than and territories in 2016-17. ever before and opening new doors in export potential. A MODERN COUNTRY LIFESTYLE AN INNOVATION HOTSPOT The Goondiwindi region is located in the beautiful Darling The Goondiwindi region is at the forefront of innovative Downs area of Queensland. With a lively sporting calendar agricultural technology, with systems developed in the and packed events schedule throughout the year, residents region now used across the globe in broadacre cropping enjoy a relaxed outdoor lifestyle with an enviable work-life and farming. It is now considered to be the ag-tech balance in an idyllic climate. capital of Australia. Our modern country lifestyle is complemented by the The region is home to an entrepreneurial community advantages of city living in nearby Toowoomba. that includes world leaders in exciting new sectors, such as aerospace, ag-tech and algaculture. With a In 2018, Goondiwindi was found to be the most liveable proudly pro-business council and a supportive business town in Queensland thanks to its affordability, supportive community, the Goondiwindi region is the perfect place community, and superior services and facilities. to base your start-up. The 2018 National Waterski Championships *Payroll Tax Australia, payrolltax.gov.au. at Goondiwindi Heritage Water Park. 6 KEY OPPORTUNITIES Emerging opportunities in the region, as indicated by existing capabilities, recent rates of growth and broader industry trends and prospects, include: MANUFACTURING A DIVERSE ECONOMY CONSTRUCTION The Goondiwindi region ranks in the top H E A LT H & decile in Australia for business turnover.* EDUCATION Our prosperity is due to two key factors: our strategic location KEY SECTORS and the diversity of our agricultural and pastoral sector. by total $ output The Goondiwindi region is one of the most productive D I G I TA L agricultural areas in Australia and yields a diverse range of TECHNOLOGIES produce. Agriculture, Forestry and Fishing is the most valuable industry in the AGRI-BUSINESS region, generating $527 million in 2017-18. The region supports a SERVICES combination of irrigated and dryland farming and grazing practices, $527 m Agriculture, Forestry & Fishing along with a valuable agricultural support services sector and a $127 m Construction growing presence of organic crops and livestock. $72 m Electricity, Gas, Water & Waste Services (AGRI-) TOURISM The region has a consistently low rate of unemployment and a $63 m Transport, Postal & Warehousing steady local job growth rate. Unemployment was just 3.7% in 2016: $57 m Retail trade less than half the Queensland average and significantly less than the surrounding Darling Downs region. $57 m Rental, Hiring and Real Estate RENEWABLE ENERGY * ‘Insight’, Regional Australia Institute. From Counts of Australian Businesses, including Entries and Exits, Jun 2009 to Jun 2013, ABS. 7 AGRICULTURAL COMMODITIES Top 10 industries by % of total ag output 24.5% Cattle and calves 4.5% Sorghum 19.2% Wheat for grain 4.1% Barley for grain 14.9% Pigs 1.9% Crops for hay 13.1% Chickpeas 1.8% Wool The Goondiwindi region is home to some of Queensland’s most fertile agricultural plains. 11.1% Cotton 1.1% Sheep and lambs KEY SECTOR: AGRICULTURE WHEAT PORK % OF QLD VALUE 26% % OF QLD VALUE 24% The Goondiwindi region is one of the The leading agricultural commodities in The Goondiwindi region produced over The region produced nearly $218 million most productive agricultural areas the region are beef, wheat and pork.
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