Excellent economic fundamentals
With an economy valued at $135 billion, Brisbane is the economic hub and driver of the Queensland economy. Brisbane’s economy is forecast to grow by more than 60 per cent to $217 billion by 2031, driving demand for transport and logistics services for national and international markets (Source: Brisbane City Council, Brisbane 2012-2031 Economic Development Plan).
Brisbane is the closest major Australian capital city to Asia and home to one of Australia’s fastest-growing capital city ports, the Port of Brisbane. As the global trend to shorten supply chains continues, Brisbane is a gateway to national and international markets. Direct air and shipping links to key Asian ports means major Asian destinations can be reached by air in seven to nine hours. Brisbane has domestic trade routes south and north via the Pacific and Cunningham Highways, along with standard gauge freight rail from the Port of Brisbane to all capital cities in Australia.
Expanding transport infrastructure
The ATC and its partners have invested more than $1 billion in infrastructure development in the past five years and are committed to investing a further $5 billion over the next 10 years (Source: ATC, 2014). With progressive infrastructure facilities, access to one of the fastest-growing ports and airports in the country and crucial support from the state’s largest industry leaders, ATC is a unique commercial/industrial offering.
Operating costs and labour advantages
Back-loading transport costs typically apply from Brisbane and can be 40 to 60 per cent less than transport rates to Brisbane. Labour and other associated costs such as payroll tax are generally lower than in other Australian capital cities, and labour agreements are the least restrictive in the country. The city has a strong labour market for experienced technicians and semi-skilled staff.
Firms locating in Brisbane have a unique opportunity to access land and property in key transport locations near the Brisbane Airport and Port of Brisbane . Within the ATC region, 1300ha of land is planned for sustainable release and development to 2026 (Source: ATC, 2014). The area is made up of 32 industry precincts with prime land adaptable to a diverse range of industries. As the largest and fastest-growing industry and trade precinct in Australia, ATC includes thousands of hectares of privately owned industrial land, offering the ideal mix of freehold and leasing opportunities across mixed-use business areas, light industry, general industry and heavy industry zoned areas.