Profitable Cashflow in Toowoomba

Property Overview

Market price$397,500
Market rent$420 p/wk
AddressLot 44,New Road

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Glenwood Heights prime location provides ideal access to many amenities such as preschools, primary and secondary schools, churches, numerous sporting amenities, golf courses and parks. The University of Southern Queensland, hospital, shopping plaza and public transport are all just 5 minutes by car.

Being positioned to the west of the city, Glenwood Heights is ideally located for the new Toowoomba International Airport and Business Park. The airport provides the gateway to air freight Darling Downs produce to Asia and beyond, fuelling further growth to the region.

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Toowoomba has recently been ranked the jobs capital of Australia with the lowest unemployment in Australia at 1.9% (source Suncorp Bank). Described as the leading regional economy in Queensland, Toowoomba is the second largest inland city in Australia with a population of over 140,000.

The areas economy is strong, stable and diversely underpinned.

Toowoomba is the employment Capital of Australia with the lowest unemployment rate in the country at 1.9%.

The Second Range Crossing;
The $1.6 billion Toowoomba Second Range Crossing will take up to three years to construct and will provide up to 1,800 jobs throughout the construction phase. It is a 25 year public-private partnership. It is anticipated that through improved freight movement, the $1.6 billion Second Range Crossing will increase economic activity in the region by $2.4 billion over the next 30 years.

The annual draw card for tourism in Toowoomba is the carnival of flowers, but with its beautiful parks, old world charms and variety of local attractions, Toowoomba is a year round tourist destination.

Gateway to the famous Darling Downs agricultural region.

Toowoomba's unrivalled $500 million shopping centre. QIC has started Grand Central's much anticipated $500 million redevelopment. The retail development will transform the centre into the Toowoomba region's "unrivalled retail, entertainment and lifestyle destination". Completion of the Grand Central development is anticipated by early 2017.

Toowoomba is the regional resource for a wide variety of locally produced products and services.

32 primary schools, 18 secondary school, TAFE campus, University of Southern Queensland.

Tertiary Education:
University of Southern Queensland, Southern Queensland Institute of TAFE, University of Queensland.

The Australian Defence Force, Borneo Barracks located to the citys north and the Oakey Army Aviation Centre located at nearby Oakey.

Wellcamp Airport
Wellcamp Airport and Business Park Toowoombas first jet capable airport has opened in 2014 and available for commercial freight and passenger movements, this airport has been designed to cater for large jets up to 747s.

Wellcamp Business Centre
1,000 new jobs with $35m factory in Queensland first. The first stage is the $35 million infant formula manufacturing facility with a capacity of 30 million tins a year, which will start production from about April 2017. The Toowoomba Integrated Milk Project (TIMP), a joint venture between Au Lait Australia and Nature One Dairy, will be built at the 550-hectare Wellcamp Business Park.

And the Gateway to Mining and Resources & Surat Basin
Surat Basin / Coal / Oil / Gas plays a significant economic factor impacting on Toowoomba's future and relates to its proximity to the Surat Basin. The Surat Basin is predicted to become Australias largest energy province, covering 270,000km2. The basin contains 6.3 billions tonnes of thermal coal and 3,000 or 4,000 petajoules of coal seam gas. It has the potential to sustain 25 30 mines with huge potential income benefits,

**** "The total current development spend for the Toowoomba region is in excess of $11billion including the Toowoomba Second Range Crossing (biggest inland road project in Australia), Brisbane West Wellcamp Airport and Wellcamp Business Park, transport network upgrades and the Grand Central shopping centre redevelopment. The region's future has never looked brighter. This is a very exciting time to live in Toowoomba." - MAYOR Paul Antonio

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