More Changes Coming To Toowoomba
In addition to all the new infrastructure already impacting property prices, residents can expect plenty more changes coming to Toowoomba.
From fast rail to a medicinal cannabis project, here’s what to expect.
Rail: Toowoomba fast rail proposed
For years, Toowoomba’s lack of solid railway infrastructure has been a mark on an otherwise sound region in terms of its transportation systems. However, that’s set to change with two major new proposals.
While only in the discussion phase, Toowoomba Mayor Paul Antonio has put forward his plan to include Toowoomba as part of a 45-minute fast rail network to Brisbane. The Sunshine Coast and Gold Coast are seen as more of a priority at the moment, but the mayor believes any bid for the 2032 Olympic Games from South East Queensland (SEQ) should change that. The federal government is currently working on a business case for the fast rail.
Elsewhere, an Inland Rail project that will travel directly through the Toowoomba region is expected to be part of an initiative that includes an industrial park and a rail and road terminal. The InterLinkSQ terminal will connect and manage logistics for rail, road, sea and air, meaning a more efficient supply chain across the board.
Going green: Growing veggies, and a rail-based parkland
Speaking of rail initiatives, there’s a proposal for a new urban village that’s set to inject new life into the Toowoomba train station and surrounding Railway Goods Shed. Dubbed the ‘Toowoomba Railway Parklands’, the proposed village would be centred around various recreation areas and plenty of parkland greenery. If it goes ahead, it will no doubt reshape the current Toowoomba CBD and have an impact on nearby property prices.
An even stronger green-based initiative, though, is the recently approved Greenhouse project by FKG Group. The “intensive horticulture” development will be based in western Toowoomba across 64 hectares, creating around 500 jobs and potentially capable of yielding 15 times more vegetables than a typical broad-acre crop.
Healthcare: Clinicians and cannabis in Toowoomba
For a while now there’s been lots of murmurs around a potential new hospital on the site of the Baillie Henderson Hospital. Predicted to be a “health hub” for Toowoomba, according to service chair Mike Horan, the public hospital will include clinical, emergency, medical, surgical and mental health facilities.
On the other end of the spectrum, a medicinal cannabis farm is one of the most anticipated projects to hit Toowoomba in recent years. Asterion, the Canadian company which won the right to farm medicinal cannabis in Toowoomba, will create more than 1,000 jobs over the course of the project, injecting a whopping $1 billion into the garden city’s – and the greater Australian – economy. Based out of Wellcamp, the cannabis will be easily exported out of the nearby airport.
Business is booming: Enterprise Hub on the cards
Staying on the topic of Wellcamp developments, the newly dubbed Toowoomba Enterprise Hub will act as the business corridor between Charlton and Wellcamp, connecting both to the greater Toowoomba area.
In addition to the Witmack Industry Park and Wellcamp Business Park, the corridor will incorporate a number of different precincts, acting as a major hub for transport, logistics and business operations in SEQ.
With so much investment in the Toowoomba region right now, it’s all positive news for the property market. So if you’re looking to buy or sell, contact an experienced local agent today.