It was wonderful to be back at the Townsville Brewery on Friday, with 140 of our industry friends to hear about the economic outlook of Townsville and some of the transformative projects shaping the region.
The atmosphere in the room was reflective of the promising outlook for Townsville- positive, upbeat and enthusiastic.
Jonathon Pavetto, Senior Economist AEC Group outlined some key points of difference for the region and left us with key takeaways:
- COVID-19 turbocharged regional property markets
- There is no real sign of slowing down in the regions “” growth fundamentals are strong (especially for Townsville)
- Ability to house needed workers will determine future growth
Gerry Wyville, Regional Executive Director, North and Central Queensland “” Mater Private Hospital, Townsville shared the incredible Mater Townsville masterplan, and showcased the contribution this critical social infrastructure brings to the region:
- $190m pa economic activity to the NQ region
- 900+ employees
- $100m Master Plan Investment
To name just a few! The Mater is innovative in every sense of the word and boasts a robotic surgery program that sees less invasive forms of surgery resulting in a better patient experience.
The panel discussion, skilfully moderated by Debbie Gelling, only skimmed the surface of the investment opportunity and vision of the public and private sectors for region, with Ryan Hall Chief Planning and Development Officer – Townsville City Council committing to ongoing engagement with the private sector and why the renewed focus on the City Centre, will benefit Townsville more broadly.
With increased growth, unabating demand and a real opportunity to become the investment hub of North Queensland, the demand for affordable housing has never been greater. A challenge felt across Queensland, the question is as we try to attract the required workers to the region, we need to make sure we can house them, whilst not adding pressure to those who call Townsville home.
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