Chinese investors still looking to spend in the local region

CHINESE investors remain keen to seek out commercial investment opportunities in Toowoomba and the Darling Downs region, according to Ray White Commercial Toowoomba.

Ray White Commercial Toowoomba’s Geoff Percy (pictured) said he will be travelling to Hong Kong later this year to meet potential investors.

"Before embarking on this trip, we will be sending information packs on the Toowoomba region to Chinese investors," Mr Percy said.

"The Chinese see Toowoomba in particular as a key transport and logistics hub, while signs of an upturn in the resources sector is also of interest to China.

"With a population of approximately 162,000, Toowoomba is the largest inland city in Queensland with projected growth to 244,000 by 2031.

"Strong infrastructure investment, such as the $200 million Wellcamp Airport with its direct services to China, and the Inland Rail Project, are underpinning the positive outlook surrounding the Toowoomba region. Toowoomba’s economy is diverse with major enterprises include manufacturing, retail, health and community services, agriculture and tourism."

Mr Percy said at the recent Ray White International Conference on the Gold Coast he held talks with James Li, the CEO of the Ray White Hong Kong office.

"There is a perception that the Chinese investors are withdrawing from the international market, but Mr Li said he has many investor clients with substantial amounts of capital looking to spend, and last year this office sold $35 million in Australian real estate to investors," Mr Percy said.

"Mr Li told me he is activity looking for property to offer his clients. Ray White Commercial Toowoomba is asking anyone looking to sell their commercial property to contact our office."

For more information, please contact Geoff Percy on 0438 424 672.