Brisbane's Olympic Boom: How the 2032 Games Are Supercharging the Property Market

The Olympic Effect: Brisbane's Property Surge

As Brisbane gears up for the 2032 Olympics, the city’s property market is already experiencing a significant boost. Key Olympic suburbs like Hamilton, South Brisbane, and Ipswich could see median house prices more than double by 2033, according to PRD Research. Historical trends from past Olympic cities support this, with property values often spiking by 14% in the year following the Games.

‍

Beyond the Hype: Solid Foundations for Growth

Brisbane’s property growth didn’t start with the Olympic announcement. Even in 2020, amidst the pandemic, house prices rose by 4.7%, hitting a record median of $738,000. This growth has been fueled by major infrastructure projects like the $6.3 billion Cross River Rail and a surge in population driven by migration from southern states.

‍

Learning from the Past: Avoiding Olympic Pitfalls

Unlike some past Olympic villages, which suffered from poor planning, Brisbane can learn from successful models like Sydney’s Newington village, where property values have soared by 250% since the 2000 Olympics.

‍

A Global City in the Making

Brisbane, once considered a secondary city, is rapidly rising due to its growing population, strategic location near Asia, and substantial infrastructure investments. The 2032 Olympics will showcase Brisbane on the world stage, with the potential to significantly enhance its property market for years to come.

For investors, the Brisbane Olympics are more than just a sporting event—they’re a catalyst for a property boom that could reshape the city’s market well into the future.

‍

Conclusion 

For investors looking to invest in the growing Brisbane region, get in touch with the Supavest team to discuss how you can invest your super in brand new house and land builds.