The region has proven to be an active locale for development activity, with 103 project commencements over the past 12 months. Worth a combined $608 million, Toowoomba’s developments make up one per cent of all construction commencements Australia-wide
Data from CoreLogic also suggests that confidence in Toowoomba as an industrial location has been high over the past year. Major construction works in the past year include a $40 million high-tech data centre and a $200 million privately-held freight and passenger airport.
The Toowoomba suburb of Harlaxton also boasted the highest cleared auction results in Queensland according to CoreLogic’s preliminary auction data for 2018. Both auctions were warehouses, and despite a mining bust and manufacturing decline, both sold for a reported $1.4 million.
Also contributing to the region’s high levels of development activity was the $5 million restoration of Quest Apartment Hotels, which reopened in February after the fire damage which occurred in June last year.
Also commencing development this year is the $2 billion Equis Energy solar farm, set to be the largest in Australia. The project was approved in August 2017, with construction to take place over three years.
Other notable upcoming and recent projects include the Toowoomba Railway Parklands, refurbishment of Toowoomba City Hall, and the $35 million Integrated Milk Project.
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