Investment and Development
The Lockyer Valley is a leading agricultural region, offering residents a rural lifestyle and local job opportunities.
The region continues to demonstrate sustainable growth. In 2023, the Gross Regional Product increased by $326m, which was a 16.9% increase on the previous year. A total of 837 additional jobs were created, and the region welcomed 901 new residents. Investment by existing business and industry continues, with local industry output increasing 25% ($952.2m) and 180 additional businesses establishing or relocating to the Lockyer Valley.
A growing community also requires investment in supporting infrastructure. This year has seen investment in new school buildings, while Urban Utilities has undertaken sewerage network upgrades and the University of Queensland Gatton invested $1.7m on upgrades to university facilities.
Council spent $22.23m on the delivery of infrastructure projects, with $17.85m of this expenditure spent on the road network. Council also sought tenders for construction of a new Community Centre to service the Lockyer Waters community.
This year, Council administered Round 1 of the Voluntary Home Buy-Back Scheme, an initiative of the Commonwealth and Queensland Governments' Resilient Homes Fund. Council has delivered the buy-back of 16 properties with a total value of $4.905m; ensuring people are not living in vulnerable locations.
Council remains committed to moving forward with the new Planning Scheme for the whole of the region. This is about a consistent approach to how Council facilitate and regulate development across the region.
The Lockyer Valley continues to be an investment choice for many and is open for business. Council would love to discuss the opportunities the region has to offer you.