The Queensland Property Boom

It has been two years since Brisbane won their bid to host the 2032 Summer Olympics. 

When the announcement was made, one thing stood out in the minds of many property investors and housing experts: 

How will this Olympic game impact the Brisbane housing market? 

‍

The Impact On Price 

‍

It was reported by the G20 Summit that median house prices following an event like the Olympics saw a rise of 14%, in the year following the games. 

This figure for now is just an estimate, as property prices following the 2000 Summer Olympics in Sydney saw the median house price increase by 53%. 

This poses the question, how far off are these estimates made nine years before the games have even commenced? 

‍

What Suburbs Are Impacted 

‍

According to a study completed by leading property data provider, CoreLogic, the following suburbs should brace for considerable growth: 

• Albion
• Woolloongabba
• Coorparoo
• Camp Hill
• Redcliffe
• Forest Lake
• North Lakes

‍

With or Without the Impact of the Games

‍

Growth has been unprecedented for Queensland as a whole for the past five years, with the Sunshine State highlighted as the state that more people move to as compared to every other state and territory.

The end of the 2022 financial year saw a net total of 55,000 people move to Queensland. 

‍

How Many Homes are Needed?

‍

In the Brisbane CBD alone as well as the Greater Brisbane Area, the following number of houses are needed by 2029: 

• 0-5KM from CBD needs +11,000 homes for +23,000 more people 
• 5-10KM from CBD needs +9,000 homes for +18,000 more people 
• 10-20KM from CBD needs +13,000 homes for +31,000 more people 
• 20-40KM from CDB needs +53,000 homes for +127,000 more people

‍

‍

What is the Solution?

‍

SMSF property investment in brand new house and land builds is the solution to the housing crisis in Brisbane. 

With over 600,000 SMSFs and 1.1 million SMSF members, this untapped market has the potential to close the gap on the housing crisis. 

Get in touch with our team to begin your SMSF property investment journey! 

‍