Invest in Moreton Bay
Queensland's Moreton Bay promises a brighter future
There’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 by 2041
5th fastest growing LGA in Australia
3rd largest LGA in Australia
$18.7B GRP (2021) = 5% of QLD’s GSP
Healthcare & Social Assistance
Education & Training
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.
REDS Priority Sectors
The REDS represents a fresh focus to grow the economy by building on four key priority sectors:
Regional Major Projects
The 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.
As part of the North East Business Park, the North Harbour Priority Development Area is a 785ha, $2.7 billion master planned development which will transform the banks of the Caboolture River into an international tourism development.
By 2035, North Harbour will realise a 400-berth marina with a waterfront retail and dining precinct, entertainment and tourism facilities, a business precinct and residential village of 2,000 dwellings.
The $2.7 billion project is expected to create up to 7,000 jobs and inject $707 million into the Moreton Bay region annually and provides an opportunity to tap into Australia’s $68 billion maritime sector, attracting diving charters, conferences and hotel facilities.
Click below to learn more about the North Harbour Master Plan.
The area west of Caboolture (between Caboolture and Wamuran) is marked for a new city capable of housing 70,000 residents, forming seven new suburbs over the next 40 years.
The development is expected to bring online 17,000 new jobs, 12 new schools (including 3 high schools and 9 primary schools), TAFE and private hospital.
Click below to learn more about the MBRC Planning Scheme for Caboolture West.
Moreton Bay is Queensland’s largest strawberry producing region in Australia, producing a third of Australia’s strawberries by weight.
It also produces a quarter of Australia’s pineapples, supplies a notable quantity of avocados and macadamia nuts and is emerging as a key supplier in finger limes.
The development of the $100 million Wamuran Irrigation Scheme will greatly improve agricultural production, providing water security to local agricultural producers.
The scheme will see Unity Water recycle effluent water from South Caboolture sewage treatment plant to Wamuran via a new water pipeline.
In its first stages, the Scheme will deliver about 2.6 gigalitres of recycled water per year – the equivalent of 1051 Olympic swimming pools – to a number of farming operations in the region producing raspberries, strawberries, pineapples, avocados and turf. As the population grows and the supply of recycled water increases, more will be distributed and more growers from the region will be able to access the Scheme.
The design has been finalised and construction has commenced. The Scheme is due to be operational in early 2024.
Click below to learn more about the Wamuran Irrigation Scheme.
KPMG were commissioned to conduct an analysis into the economic impact of Queensland hosting the 2032 Olympic Games, which found the Queensland economy can expect a boost of $8.1 billion and nationally an injection of $17.61 billion.
The increases in trade, tourism, event operations and infrastructure would create 91,600 jobs over 20 years.
How will it benefit Moreton Bay?
Tourism and manufacturing, two of the Moreton Bay Region’s most important industries, can expect the biggest gains.
Boxing is expected to be held at a new Moreton Bay Indoor Sports Centre which would house 7,000-plus spectators.
The announcement that The Dolphins based at Redcliffe have been accepted to join the National Rugby League competition from 2023 is another reason for celebration. Following the recent $12 million upgrade, Dolphin Stadium can now accommodate 11,500 spectators.