The victim, a 23-year-old woman from Daisy Hill, was allegedly struck by a silver Toyota Prado on a footpath along Allamanda Drive, near Rose Street just before 9am on Friday.
The driver allegedly fled the scene, while the victim was rushed to the Princess Alexandra Hospital in a critical condition.
She died on Friday night as a result of injuries she suffered.
After extensive investigations, police executed a search warrant at a Goodna home yesterday, where they seized a silver Toyota Prado.
A 24-year-old Goodna woman was then taken into police custody.
She has since been charged with one count of murder and is due to appear at Ipswich Magistrates Court tomorrow.
Police will allege the Goodna woman knew the victim and deliberately drove at and struck her before fleeing the scene.
Police are appealing to witnesses, particularly the driver and passengers on board a bus that was travelling along Allamanda Drive at approximately 8.50am on Friday, July 19, to come forward.
Motorists, including anyone with dashcam vision, who were travelling in the Daisy Hill area near Allamanda Drive between 5am and 10am on Friday, July 19, are also urged to contact police.