Posted in Nicholas St News
Ipswich: one of Australia’s fastest-growing cities
Economic Highlights
- City of Ipswich’s gross regional product (GRP) = $9.42 billion[ii]
- Ipswich GRP equivalent to 3% of Queensland gross state product
- Manufacturing contributes over $3.6 billion per annum to local economy
- Ipswich economy includes over $1.1 billion in international exports
Population Growth
- Ranked as one of Australia’s fastest-emerging 21st Century cities
- Population growth rates of 3.5% per annum over the last ten years
- Current population over 215,000 people (as at late 2018)
- Urbis estimates up to 395,000 people will live in Ipswich by 2036
Employment
- Over 70,000 local jobs in key industry sectors, including:
- manufacturing,
- health care,
- retail,
- education and training,
- construction, and
- transport and logistics
- Manufacturing employs over 16,000 locals[iii]
- Over 40 advanced manufacturing businesses in Ipswich region
- Defence industry contributes to more than 7,000 jobs
- Approximately 9,000 workers located within immediate proximity of the future Nicholas St
- 60% of workers in immediate locality employed in health care and public administration[iv]
Education
- Over 1,700 students attend one of two university campuses in the Ipswich CBD:
- University of Queensland’s Clinical School
- University of Southern Queensland’s Ipswich Campus