2.3 Queensland’s Natural
Queensland is Australia’s most naturally diverse state and
is home to five world heritage listed areas including Fraser
Island, the Great Barrier Reef and the Wet Tropics, as well
as 13 terrestrial and 14 marine bioregions that support more
than 1,000 ecosystem types. Over 70 per cent of Australia’s
native mammals, 80 per cent of native birds, over half of the
nation’s native reptiles, frogs and plant species are also found
This megabiodiversity presents significant opportunities in the
emerging sector of biodiscovery in Queensland and it is this,
coupled with a range of university and private sector-based
research groups that help to give the state a competitive
advantage in life sciences. Queensland company Qbiotics
is prime example of this with the discovery and development
of their novel anticancer drug EBC-46. Derived from a plant
unique to Australia’s tropical rainforest, the drug has been
successful in the treatment of a diverse range of inoperable
spontaneous solid tumours in dogs, cats and horses, and is
undergoing clinical trials in humans.
2.3.1 Developed Economy in a Tropical
As a thriving developed economy located in the tropics,
Queensland is taking the lead in the creation, marketing, and
export of knowledge and expertise in medical, agricultural and
environmental biotechnology to tropical nations.
The unparalleled biodiversity and unique tropical expertise
available in Queensland has created a huge demand for
Australia to develop and deliver more products, services and
innovative research solutions to countries with similar tropical
conditions including the ever-growing economies of India, China
and South East Asia.
2.4 Key Queensland Centres
South East Queensland
As the economic, social and cultural hub of Queensland,
South East Queensland (SEQ) has been subject to sustained
high levels of growth since the early 2000s and accounts for
over two-thirds of Queensland’s population. The region covers
Brisbane, the Gold Coast, the Sunshine Coast, Ipswich and
Brisbane: Queensland's Capital
Brisbane exhibits strong economic performance and
infrastructure investment has kept the local economy in a
key position to capture a larger share of emerging global
opportunities. As such, Brisbane confirmed itself as Australia's
‘New World City’ playing host to the G20 Leaders' Summit in
November 2014, which provided an extraordinary opportunity to
profile the city's strengths to international media, governments,
business and innovation leaders, and potential investors (see
Brisbane is a city firmly connected to global markets, that
remains economically resilient. Governed by the largest
municipal council in Australia, many multinationals have
invested in Brisbane, finding an open, supportive, stable and
cost-competitive business environment.
Driving Queensland's economic growth, and as one of the
fastest-growing regions in Australia, Brisbane is rapidly
expanding and was worth AU$135 billion in 2012-13,
representing 47.1 per cent of Queensland’s economic output.
Ipswich and the Western Corridor
Ipswich is located in the south-east Queensland corridor
approximately 40 kilometres west of Brisbane’s CBD.
Queensland's oldest provincial city, Ipswich's close proximity
to the agriculturally rich areas of the Brisbane, Lockyer and
Fassifern Valleys, combined with its own high quality agricultural
capabilities, allow it to maximise the beneficial use of land
to create economic development and employment in rural
communities, support the maintenance of local ecosystems and
land, and support tourism growth.
Ipswich has a number of industry strengths, and is focused on
diversifying its economy by increasing investment in knowledge
industries, sustainability, education, health and human services,
and rural industries.
The region's economy is driven by the manufacturing industry,
which provides the greatest total economic contribution to
the community, in excess of AU$2.5 billion annually. Key
manufacturing sectors include aerospace and defence, rail,
food processing, advanced and high technology manufacturing,
automotive, and building.
One of the key developments in the Ipswich region is Greater
Springfield, the largest master planned city in Australia and
home to 34,000 residents and more than 12,000 students.
With health, education and technology as its cornerstones,
Springfield continues to be one of the most dynamic urban
growth areas in Queensland.
Figure 7: JLL Typology of World Cities
Source: JLL and The Business of Cities, January 2018
Section 2: Overview – Queensland, Australia
Life Sciences Queensland Limited – www.lsq.com.au 23