Brisbane Olympics impact on Southeast Queensland property market

In Short:
– The 2032 Brisbane Olympics is causing a significant property boom in Southeast Queensland.
– Brisbane’s median house price has risen over 50% since winning the bid, with further growth expected.

In today’s episode of The Property Playbook, the impact of the 2032 Brisbane Olympics on the property market is examined. A new report indicates that Southeast Queensland is experiencing a significant property boom since the announcement of the Games.Dan Peterson, CEO of iBuyNew, discusses how Brisbane’s median house price has increased by over 50% since the bid win.

He suggests that investors are only witnessing the beginning of the cycle, with further growth anticipated. The report reveals more than $20 billion in infrastructure investments, highlighting the suburbs set to benefit most directly.

Investment Opportunities

The discussion also highlights off-the-plan apartments as a focal point for investors. Peterson provides insights on how this product aligns with investment strategies in the pre-Olympics phase. The Sunshine Coast and Gold Coast are noted for their exceptional performance, with expectations for continued growth beyond the Games. Finally, lessons from former host cities like Sydney and London will inform Brisbane’s property legacy post-event.