Cambooya Ridge Estate Cambooya - PAIG
  • Sold

$367,500

  • Land Area 750 m2
  • Floor Area 183 m2

  • 4
  • 2
  • 2

Property Description

WHY INVEST AT TOOWOOMBA?

POPULATION

Toowoomba’s resident population is predicted to increase by 43% over the next 20 years to reach 301,000 in 2031.
With a population of over 160,000 people, Toowoomba is Australia’s largest inland regional city, and is the commercial and economic hub of the Darling Downs, serving a population in excess of 250,000 people.

LOCATION
The Toowoomba region is located in south-east Queensland, about 125 kms west of Brisbane. It is bounded by the South Burnett Region in the north, the Somerset Region and the Lockyer Valley Region in the east, the Southern Downs Region and the Goondiwindi Region in the south, and the Dalby Region in the west.
The main urban centre of is Toowoomba, also known as the garden city, with smaller urban areas in surrounding townships.
Rural land is used largely for beef and dairy cattle, crop and cereal growing, vegetable growing and sheep grazing, with some energy production, forestry and tourism.

ECONOMY
Regarded as the gateway to the rapidly expanding Surat Basin Region, Toowoomba is predicted to be one of Australia’s largest energy regions.
The city is on the verge of a development boom with $11 billion in major projects planned for the region, potentially creating 10,000 new jobs.
A number of recent projects have been announced including the West-Brisbane airport in Wellcamp, the Second Range crossing as well as the QIC Shopping centre.

FAST FACTS

$180billion in major infrastructure projects - No1 in Australia

$11billion spend in Toowoomba Region

$8.19billion Gross Regional Product

86 primary and secondary schools & 2 tertiary facilities 

43% expected population growth by 2031

 

TOOWOOMBA FACTS

Is Australia’s largest inland Regional City and is part of the fastest growing region of Australia South East Queensland.

Population of 161,000 (200,000+ greater Toowoomba) and is predicted by the ABS to grow by a staggering 43% to over 301,000 by 2031.

Rated Australia’s Number One property investment hotspot by industry gurus John McGrath and Terry Ryder.

Rated as a top investment property location by several other industry leaders including Michael Matusik, Margaret Lomas and several property investment magazines.

Boasts the State’s Lowest Vacancy Rate and Highest Employment rate (2014) and continues to lead Regional QLD in both categories into 2015.

Property Values have grown by 25% over the past 3 years (2012 – 2015) the only regional market to keep pace with Sydney and Melbourne during this period.

Is Australia’s Number One Infrastructure Investment Region with over $180 Billion in major projects planned or underway over the next 10 years, including $11 Billion in CBD development.

Major Transport Infrastructure Trifecta – New $100 million plus Regional Airport, $1.7 Billion Second Range Crossing road project and the $4.7 Billion Inland Rail Project. .

Is the Regional capital and central hub of the Surat Basin, which is one of the world’s richest gas and coal regions with several major coal projects and over 300,000 potential gas wells proposed and under development.

SOURCES: Toowoomba and Surat Basin Enterprise, Your Investment Property Magazine, Sydney Morning Herald and Hotspotting.com.au

REGIONAL ECONOMY: MAJOR INDUSTRIES

NATURAL GAS
The Surat Basin is one of the worlds richest sources of natural gas. There are over 30,000 gas well licences pending or approved by the Qld government with the vast majority of these in the Surat Basin.

MINING – SURAT BASIN
Toowoomba lies on the doorstep of the Surat Basin. The Surat Basin contains vast coal and gas energy reserves, with the resource sector a powerhouse for the region’s economy. Rich in a number of natural resources, including thermal coal, coal seam gas (CSG), oil and natural domestic gases, the Toowoomba and Surat Basin region is a significant energy hub for not only Queensland, but also for Australia.

AGRICULTURE
Agriculture is one of the key industries in the Toowoomba Region, being a significant employer and contributor to the local economy. The region’s key agricultural outputs include grain, cotton, beef, dairy products and pork.
In 2011, the Toowoomba Region had the second highest gross value of agricultural production in Australia at $663.3 million.

The agricultural sector is:
The region’s largest in terms of number of businesses;
The region’s second largest in terms of total industryturnover;
The region’s fifth largest industry employer; and
The region’s eleventh largest industry contributor toGross Regional Product.

PROJECTS & RESOURCE ACTIVITY

LNG – 2650 coal seam gas wells to be drilled in the Suratand Bowen Basins over the next 25 years producing5,000 construction jobs and 1,000 permanent jobs

CSG & LNG – Surat Basin projects to employ 12,500

Australia Pacific LNG – $650 Million gas processingplant, 6,000 construction jobs and 1,000 operational jobs

New Acland Coal Mine – 35km northwest of Toowoomba, 4.2 million tonnes per annum will directly employ morethan 420 in construction, 275 in operational positionsand an additional 169 required by 2015

Water Pipeline – The $200 Million pipeline wascompleted in early 2010

Border Rail Links – $1 Billion Border Railway betweenToowoomba and Moree Surat Basin Rail Link and$1 Billion Surat Basic rail link between Toowoomba andGladstone requiring 1,000 positions

Toowoomba Bypass – $1.75 Billion Toowoomba BypassProject

Warrego Highway – $96 Million Upgrade

Surat Basin Energy Province – Qld Gas Company’s $15Billion project

Gas Pipeline – $40 Million 420km pipeline from theSurat Basic to Gladstone

Cameby Downs Coal Mine – $190 Million development

AGL Wind Farms – $270 Million wind farms 40kmnorth of Toowoomba creating 460 construction andoperation jobs

Regional Airport Approved – VNE Aviation $10 Millionairport due to start late 2012 with an additional $20Million for private hangars.

TOOWOOMBA BYPASS

The Toowoomba Second Range Crossing (TSRC) project is the largest Australian Government commitment to a single regional road project in Queensland history. This $1.6 billion project will provide commercial and heavy vehicles with an alternative crossing of the range to the North of Toowoomba, running from the Warrego Highway at Helidon to the Gore Highway at Athol via Charlton. The TSRC will provide significant economic benefit to the region and State, and enhance the liveability of the Toowoomba and Lockyer Valley areas including:

Up to 1800 full time jobs during construction

Improved road and driver safety

Reduced travel time across the range by up to 40minutes for heavy commercial vehicles

Relieved pressure on Toowoomba’s city streets byredirecting more than 4,000 trucks away from the CBD.

Increase in freight efficiencies and access to markets.


Property Data

Strategy Type:

House & Land Packages Real Estate

Property Type:

House

Estimated Rent:

$360 Per Week

Land Area:

750 m2

Land Reg. Date:

01-05-2017

Land Price:

$125,000

Total Build Price:

$242,500

Date Listed:

22-05-2017

Total Floor Area:

183 m2

Property Id:

375

Yield Gross:

5.09 %

Contract Type:

Land + Build


Property Features

Internal

  • Fireplace(s)

Property Attachments


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