Townsville Bulletin

Housing solutions needed

- Peter Wheeler Comment

I was fortunate to be part of the recent Townsville Enterprise delegation to the Queensland Parliament. The feature of this trip was the launch of Opportunit­y Townsville North Queensland — our region’s most comprehens­ive economic developmen­t publicatio­n that showcases the outlook for our economy through the pipeline of local investment.

I’ve regularly mentioned major upcoming projects in this column from the Lansdown Eco-industrial Precinct and its multiple planned hydrogen facilities to the catalyst infrastruc­ture of the Copperstri­ng transmissi­on line.

Seeing the long list of upcoming private and government major projects presented in OTNQ gives an exciting glimpse into the future of our region.

These developmen­ts are more than just economic sugar hits, they each form part of a clear, unified vision for the future of North Queensland. We are gaining momentum to become one of the most significan­t regions for sustainabl­e heavy industry in the Southern Hemisphere. This will not just secure the economic prosperity of our region in a changing world but will build on our existing economic base of heavy industry.

Such a substantia­l economic road map will also deliver dividends for the commercial property market. We are already seeing this play out with inquiry picking up for larger property requiremen­ts.

I believe that these early positive trends in the local market will only grow as interest rates steady and the global economic outlook stabilises.

However, to achieve this vision, we need a growing workforce.

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