The Ipswich and West Moreton region of Queensland is experiencing strong economic and population growth. Proximity to the metropolitan area and major transport networks, along with its agricultural valleys, vital waterways and diverse economy are key to the region's competitiveness. The region has a combined gross regional product (GRP) of $12.9 billion with investment and population continuing to increase. In 2018, private and government construction valued at $8.09 billion will commence within the Ipswich and West Moreton region.
Such significant investment is a contributing driver to both employment and lifestyle opportunities for the region.
Ipswich's GRP was $8.96 billion in 2015-16, which represents 2.9 per cent of Queensland's economy, with over 70,000 local jobs in the key industry sectors of manufacturing, health care, retail, education and training, construction, and transport and logistics.
The Scenic Rim's primary businesses are in agriculture and horticultural production, the equine industry and the tourism sector.
The Lockyer Valley's GRP was $1.4 billion in 2015-16 and the region's population is expected to grow to more than 57,000 by 2031. In ten years, the total value of agricultural output in Lockyer Valley has increased from $187 million to $374 million. Vegetables account for over 79 per cent of the total agricultural output.
The primary economic activity in the Somerset region is agricultural production. The region is also the location of two major water storage dams which also serve as a tourist attraction by offering water-based recreational activities.
INNOVATIVE AND EMERGING INDUSTRIES
Queensland is home of land and air defence in Australia and Ipswich is central to this capability. The city will be the location of signiﬁcant new investment to build the recently announced LAND 400 Phase 2 contract, delivering the next generation of combat reconnaissance vehicles to the Australian Army, a signiﬁcant step forward for Ipswich and Queensland manufacturing.
The current expansion of the RAAF Base Amberley will see a signiﬁcant increase in
airbase personnel and additional spending on defence infrastructure. Greater Springﬁeld is Australia's largest master-planned city and remains a key economic driver in the western corridor. Ripley Valley will also continue to have a signiﬁcant effect on both population and the regional economy.
Bromelton, located a few kilometres west of Beaudesert, is the proposed site of one of Queensland's largest transport and logistics precincts.
The primary infrastructure projects of Bromelton, ARTC Inland Rail, Toowoomba Second Range Crossing, the development of Springﬁeld and Ripley Valley and the future planning of a protein precinct in Somerset, offer signiﬁcant investment opportunities.