Invest in Moreton Bay

Queensland's Moreton Bay promises a brighter future

Male and female employees in hardhats. factory settingThere’s more to Moreton Bay! Already one of the strongest performing economies in Australia, Moreton Bay plans to turbocharge its economy in the next 20 years to reinforce the region’s reputation as a South East Queensland engine room.

Already experiencing a rapid growth in population and economy, growing by 21% over the past decade, the economy continues to climb at a similar rate.

It’s predicted to more than double from $17.72 billion to $40 billion by 2041. This would be equal to the entire state of Tasmania, plus the Pacific Island countries of Fiji, Solomon Islands, Vanuatu and Samoa.

Moreton Bay is an economic goldmine ready for a rush of multi-billion dollar region-building projects, supporting boundless opportunities for local and future residents.

To find out more about investing in the Moreton Bay Region, visit the Invest Moreton Bay site:

Moreton Bay Fast Facts

Population

486,645 (2021)

Population by 2041

700,000 (projected)

Growth

5th fastest growing LGA in Australia

Area

3rd largest LGA in Australia

Businesses

29,115 (2021)

Local Jobs

143,448 (2021)

Employed Residents

228,219 (2021)

GRP

$18.7B GRP (2021) = 5% of QLD’s GSP

Largest Industries

Healthcare & Social Assistance

Retail

Education & Training

Construction

REDS

Moreton Bay Regional Council’s Regional Economic Development Strategy (REDS) has created a roadmap for the region with ambitious 2041 goals:

Bigger – Our region will become bigger, with our economy reaching $40 billion in 2041, more than double its current size

Bolder – We act bolder, wtih the creation of 100,000 news jobs and 16,000 new businesses by 2041. We will focus on ensuring our residents have the necessary skills and knowledge to access these jobs

Brighter – Our region’s future will be brighter, by focusing on our growth and talent, and making Moreton Bay Region one of the top 10 regional knowledge and innovation hubs in Australia.

Report Cover for Regional Economic Development Strategy

Download REDS Document

REDS Priority Sectors

The REDS represents a fresh focus to grow the economy by building on four key priority sectors:

Food & Agribusiness

Advanced Manufacturing

Tourism, Sport & Major Events

Knowledge, Innovation & Entrepreneurship

Regional Major Projects

The Mill at Moreton Bay

The Mill at Moreton Bay siteThe Mill at Moreton Bay will deliver a precinct that fosters knowledge and innovation, and provides learning and employment options, promising to bring a new era of sophistication and advancement to the region.

Once complete, this innovative site is expected to add $950 million to the regional economy annually and support 8,600 ongoing jobs.

The 460ha greenfield State Priority Development Area’s urban footprint incorporates 65ha of development potential, including the Petrie Town Centre, Petrie Rail Station and the former Amcor Petrie Paper Mill Site. The redevelopment project is twice the size of the Brisbane CBD.

It also includes more than 110ha of rehabilitated open space which will include future tourism and recreation opportunities, and is expected to be the largest greenfield innovation precinct in Australia.

Key feature of the Mill is the Moreton Bay campus of USC, Queensland’s newest university campus and the first full-service university in the region. Stage 1 opened in February 2020 and exceeded enrolment expectations of 1,200 students in the first year.

Upon completion in 2030, the 10.5ha precinct is expected to provide education for more than 10,000 university students in its first 10 years and 25,000 over the long term.

Click below to learn more about The Mill at Moreton Bay.

North Harbour
Caboolture West Development
Wamuran Irrigation Scheme
2032 Olympics
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Website photo credits

Our thanks to Moreton Bay Regional Council and Moreton Bay Region Industry & Tourism (MBRIT).

Acknowledgement of Country

We respectfully acknowledge the Traditional Country across our region. We also acknowledge and pay our respects to the Kabi Kabi, Jinibara and Turrbal Traditional Custodians, and their elders past, present and emerging.

Contact Us

RDA Moreton Bay 
12G (Suite G, Building 12)
2-4 Flinders Parade
North Lakes Qld 4509


M: +61 437 080 986
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