Queensland officials are finalising plans for the $4.5 billion Brisbane 2032 Olympic Games as the hunt for stadiums, venues, and infrastructure funding continues.
The International Olympic Committee has selected Queensland’s capital as the targeted host for the games bringing “stability” as the committee moves towards a cost-neutral event.
The majority of the sports will be held in existing venues except rowing, which requires a new base.
Instead, funding for Brisbane 2032 Olympics will be focused on bringing infrastructure projects forward, which will have a knock-on effect on the property market.
Premier Annastacia Palaszczuk said they already have 85 per cent of the venues for the event. “There is an option of one new big venue in terms of the opening ceremony, but we may use Carrara as well. We’ve got to go down to the fine print and make sure we’ve got all the funding lined up.” Palaczszuk said.
“We want to include the regions as well, so of course with the football, we’ve been looking at the soccer matches up around the different regions, and of course, all of the state will share in an Olympic glory.”
Lord mayor Adrian Schrinner said this is the best opportunity the state has had in generations. “Now we need to actually go through and make sure we lock in the plans for improved infrastructure,”.
Queensland is already on the cusp of an economic boom, with domestic migration reaching double digits and house prices hitting a record high in January.
Brisbane’s bid for the games dates back to 2015, and some of the state’s most prominent property developers have also pledged their support. As when it comes to the more tangible aspects, there will be construction jobs created during the build of Olympics-related assets, and that will be over five to six years.
The spotlight will now be put on Queensland, and you only have to look at Sydney to know what that does. This announced combined with the trajectory Brisbane was already on bodes well for the market as it looks likely to continue to rise at strong rates over the short-medium term.
Whether you already own property or you’re looking at buying your next home or investment property here’s 4 ways, we can help you:
Strategic property advice – Allow us to build a Strategic Property Plan tailored for you and your family. Planning brings the future into the present so you can do something about it! This will give you clarity, direction, results and more certainty. Click here to find out more
Buyer’s agency –Our highly skilled and trained on the ground team in South East Queensland brings you years of experience and perspective. We’ll help you find your next home or investment property. Click here to find out more
Property Management – Our stress-free property management services help you maximise your property returns. As Qualified Property Investment Advisors, we will ensure you understand how your property is tracking from all aspects, value not matched in the market. Click here for your free rental appraisal and find out more.
Sellers Advocacy - A free service where we help identify the right agent to sell your property at any given point in time, based on a variety of agent checks. We will also help you understand what points are more negotiable with sales agents. On top of this, we will provide a free sales appraisal and $500 cash!
Kommentare