Shows
Brisbane 2032 Olympics: real estate opportunities and challenges
Tim Graham discusses with Daniel Peterson the 2032 Brisbane Olympics’ impact on Southeast Queensland’s property market and infrastructure growth
Tim Graham discusses with Daniel Peterson the 2032 Brisbane Olympics’ impact on Southeast Queensland’s property market and infrastructure growth
– Tim Graham and Daniel Peterson discussed real estate opportunities from the 2032 Brisbane Olympic Games’ broad impact on Southeast Queensland.
– Current challenges include labor shortages, structural under-supply, and rising construction costs affecting market delivery.
Tim Graham and Daniel Peterson, CEO of iBuyNew, discussed real estate opportunities linked to the 2032 Brisbane Olympic Games and their effects on Southeast Queensland.The “Olympic Effect” is expected to influence not just Brisbane, but also the Gold Coast, Sunshine Coast, and regional Queensland due to venue placements and infrastructure development across the region.
A $7 billion infrastructure programme is being added to an existing $130 billion investment in Southeast Queensland. This focus on enhancing transport and connectivity is anticipated to drive capital growth in property markets.
As a result of the Olympics, Brisbane is projected to transition from a “big country town” to a globally recognized city by 2032.
Over the past four years, housing prices in the region have surged by 60% to 70%, with apartments outperforming houses, experiencing a 70% to 80% increase.
Current challenges include labor shortages, as developers are competing for trades and builders diverted to significant public infrastructure projects.
Brisbane is estimated to need around 8,000 new apartments annually to satisfy demand, yet only about 2,000 are expected each year. Global conflicts and supply chain disruptions are also contributing to rising building material costs and project delays.
For more information, visit Hotspotting.
