Revealed: Major transformation planned for iconic CBD building
An iconic building in Toowoomba’s CBD will look very different soon, thanks to a major transformation at the hands of a local family. See the designs here:
Toowoomba Business
ASX Trader: Uranium’s bull run is just beginning
Uranium’s breakout is undeniable. Fuelled by a potent mix of policy tailwinds, surging demand, and decades of neglect, it is no longer the unloved asset of the past, writes ASX Trader
‘Total prick’: Barefoot Investor calls out financial abuser
Barefoot Investor has some frank advice for the daughter of an old man who’s using money to control his wife, and calls out an obvious scam that’s pulling in far too many victims.
Fuel giant selling 13-site, five-state portfolio in potential $20m play
More than a dozen parcels of land across five states, belonging to a national service station brand, have hit the market in a potential $20m play.
List: Rise and fall of Australian drive-in movie theatres
From a peak of 330 American-style drive-ins in the mid 1960s there are only 15 left in Australia which are still giving movie lovers and families a night out to remember. Where are they?
Beware of these tax traps before June 30
Early June is the time to start taking tax seriously if you want to grab the biggest deductions and avoid an ATO audit.
‘Gone bonkers’: Investors flood zone for national brand’s ex-CBD site
Investors are reportedly falling over themselves to snap up the former site of Toowoomba’s Officeworks, with agents expecting it to go for upwards of $10m.
How award-winning dessert destination became city’s meeting place
This popular dessert spot has been through four rebrands, survived Covid-19 lockdowns, a cost-of-living crisis, and it is still as popular as ever. Find out how Toowoomba’s only gelato shop has been such a success.
Meet the ‘colour nerds’ behind TikTok viral Aussie toy
An Aussie business has captured global attention – and customers – with an innovative colour-shifting toy that has sold out multiple times since its debut.
ASX falls as oil prices undercut Energy sector
The ASX slipped 0.24pc as falling oil prices hit Energy and Utilities sectors, while a lift in gold offered some small relief.
WiseTech’s $2bn play
Global shipping is going digital, and Aussie tech stocks like WiseTech and Yojee are wiring up the future of freight.
Opthea reports from the ‘dead zone’ but the line’s crackly
Stricken drug developers Opthea and Patrys have reported in from biotech’s ‘death zone’, where they’re running low on oxygen.
More Business News
Horses slaughtered, $15m debt as national logistics, racehorse group collapses
A $120m national industrial group- a one-time major NRL club backer – has collapsed owing more than $13m, while a related bloodstock company has also failed, and its high-profile director is facing a bankruptcy process.
Photos: Workers’ incredible historical discovery at CBD site
Reminders of Toowoomba’s past glories have been uncovered at a major CBD worksite, with workers uncovering remnants of a 19th century building.
Revealed: Documents show why popular health care business collapsed
What was once a highly-respected and award-winning health care business providing specialist support for people with severe injuries and disabilities was carrying millions in liabilities, documents have revealed.
Mapped: Qld’s new business hotspots revealed
An unlikely town has emerged as Queensland’s fastest-growing commercial hotspot, with population growth seeing the number of registered businesses in the region’s surge more than 35 per cent in five years. See the interactive map
How more young adults are finding super success
Younger Australians are focusing on superannuation earlier than their parents and it’s paying off with a 30-year-old median wage worker today eyeing a balance over $600,000.
$67m payout: Major super fund in massive out-of-court settlement
One of Australia’s largest super funds has reached a jaw-dropping settlement with more than 11,000 members who claimed they’d been overcharged for their insurance premiums.
$20bn goal: Kmart’s Temu-busting plan to win retail war
Kmart is transforming its store layout and online offering as it looks to win over younger shoppers in the battle with online rivals like Temu and Shein.
$100m Australia-first aircraft recycling facility coming to regional Qld
Aircraft will fly in from all over Australia to be dismantled and recycled at a major regional Queensland airport, as part of nation-first fully-sustainable operation worth potentially $100m in the future.
Thor’s out: Celebrity-approved ice bath company collapses
An ice bath company promoted by celebrities including Chris Hemsworth is in the hands of administrators, with angry suppliers, staff and customers almost $6m out of pocket.
The property tax mistake costing investors thousands
Real estate investors can access some big tax deductions but many miss out by failing to ask the right questions.
South West Queensland reports downturns in telecommunications complaints
New data has revealed Queensland is the only state to see a downward trend in telecommunications complaints, however financial hardship reports concerns rise.
Healthscope in administration: 37 private hospitals impacted
Australia’s second largest private hospital operator is in administration after lenders swooped over a staggering debt pile. Here’s what it means for hospitals, staff and 8700 surgeries schedled this week
What now for ailing resource giants?
Our big five resources stocks – BHP, Fortescue, Rio Tinto, Woodside and Santos – have disappointed investors recently, and now face fresh challenges.
Platinum breaks out: Whisper becomes a roar
Platinum has broken out, jumping over 10 per cent and trading around $1080USD. That key resistance at $1000? Smashed. Here’s what could happen next.
Retail wipe-out: Australian fashion brands that have gone bust
A string of beloved Australian fashion brands have recently unravelled as post-Covid tax debt and cost of living pressures push them to breaking point. These are the latest chains to suffer financial wobbles
Award-winning NDIS clinic collapse leaves clients, employees in the dust
It has been a week since the Better Movement Clinic closed abruptly and its patients have serious questions about why it collapsed and who now holds their medical records.
High term deposit rate days are numbered
Reserve Bank interest rate cuts are denting the incomes of savers, but there are ways to minimise the losses. Here’s how to invest cash and what a decent term deposit rate looks like now.
‘Apologies’: Top Toowoomba CBD restaurant closes in shock move
Fans of a popular and long-running CBD restaurant and cafe have been left shocked after the venue shut its doors this week.
Which bank? Mortgage relief comes faster for some after RBA move
Some of the big banks are lowering home loan rates faster than others after the RBA cut interest rates by 0.25 percentage points, in a move welcomed by millions of borrowers.
Award-winning health provider collapses
A highly respected Darling Downs health business will be liquidated after it was placed in administration.
Top 6 islands for sale: Tropical paradises on the market right now
Fancy a lush tropical island off the Queensland coast? Here are six of the best up for sale right now, and how much you’ll need to make it yours.
Longstanding city restaurant shuts doors amid franchise woes
In a move that has shocked customers, a struggling national franchise’s long-running Toowoomba restaurant has shut its doors immediately.
ASX Trader: Why this overlooked asset may be next major bull market
While most investors have been focused on gold hitting record highs, another precious metal is quietly preparing for a major move.
Super hack: doing the splits can pay off nicely
Rule changes in superannuation have made contribution splitting more attractive for couples. Here’s what you need to know.
Why the new $1000 tax deduction could be a trap
Work-related expenses are complex, and an easy $1000 deduction at tax time is attractive, but experts warn people may miss out on money.
What the US-China tariff deal means for investors
A trade war truce between the US and China shows common sense is back, but the relief for investors and super fund members may be temporary.
‘Overwhelming inquiry’: Why this city motel is stirring up developers
A three-star Toowoomba motel’s entry on the market has sparked a flurry of inquiries from developers and investors for a “unique” reason, according to agents.
Age of entitlement puts baby boomers at risk
Baby Boomer parents are lending and giving huge slabs of money to their children, and experts urge them to understand the risks.
‘Good proposition’: Noted developer snaps up block on major intersection
A noted property developer and businessman has bought a large block on a major intersection not far from the new Toowoomba Hospital site.
10 Aussie shares likely to do better under Labor
A bigger-spending Albanese government will boost some stocks and sectors more than others. See our share analysts’ top 10 list.
Original URL: https://www.thechronicle.com.au/business/toowoomba-business