Toowoomba region goes from strength to strength
The region's mayor Paul Antonio has reflected on the good times seen across Toowoomba over recent months, with both social and economic improvements coming to the fore.
As investors look forward to 2014, there is perhaps no better time to reflect on the successes of the past year, while speculating over what can be expected during the coming months.
Toowoomba in 2013
Mr Antonio has listed his highlights for the past year, with the establishment of the Toowoomba Bypass Forum among the most notable.
Government and industry leaders came together to discuss the need for an important road link, which is expected to bring large-scale economic benefits to the region.
The proposed bypass will span 42km from the Warrego Highway at Helidon Spa to the Gore Highway at Athol, allowing safer transport options for industry and local communities.
The federal government has since committed to facilitating the link, which demonstrates Toowoomba's focus on the future, as it strives to ensure its economy can continue to thrive.
Mr Antonio said the region would change forever as a result of this vital infrastructure - but its successes have not ended there.
"Throw in the construction of a privately funded airport, and plans for an inland rail link passing through Toowoomba and it is clear the region is well on its way to a brighter future," he commented.
Another success for the region over the past year has been Toowoomba Regional Council's Temporary Urban Consolidation Incentives policy.
The strategy is aimed at developing units in existing urban areas, potentially creating more options for anyone looking at a property investment in the region.
A review found that between January and August 2013, around 281 medium density dwelling approvals have been constructed under the policy, in addition to the 149 approvals from January to December 2012.
This has led to $112.29 million in total additional output and $16.83 million extra income for Toowoomba, not to mention the employment opportunities that have been created as a direct result of the project.
Looking to the new year
Toowoomba property is in as high a demand as it always has been, suggesting it will continue to thrive over the coming 12 months and beyond.
With figures from RP Data showing an average of 20 people looking for every available property in the city, there is plenty of potential for anyone contemplating an investment.
As incentives such as the Temporary Urban Consolidation Incentives policy gather pace, the provision of property is likely to improve, giving yet more choice to those thinking about cashing in on the market.