Olympic boom: 22 SEQ suburbs tipped for property price surge
New research reveals where house prices are expected to climb ahead of Brisbane 2032.
A new wave of property price growth is set to sweep through south-east Queensland, as the Brisbane 2032 Olympics drives an unprecedented infrastructure and urban renewal boom.
Research from iBuyNew and Hotspotting has identified 22 suburbs across Brisbane, the Gold Coast and the Sunshine Coast tipped to benefit from the $7.1 billion Olympic infrastructure rollout, along with billions more in transport and precinct upgrades.
In Brisbane, suburbs including Bowen Hills, Spring Hill, Newstead, Fortitude Valley, Woolloongabba, East Brisbane, Coorparoo, Stones Corner, Dutton Park and Kangaroo Point are expected to see strong capital growth due to their proximity to Olympic venues, such as Brisbane Stadium, the Athletes’ Village, and the National Aquatic Centre.
The research points to surrounding urban renewal projects and public transport access as additional catalysts for price uplift.
The Olympic uplift is expected to extend across the south-east corridor, with major precinct investment and venue development forecast to push up property values in the Gold Coast suburbs of Southport, Labrador, Benowa, Ashmore, Molendinar and Arundel.
Further north, upgraded stadiums and cycling facilities are expected to support property price growth in Maroochydore, Kawana, Yandina, Warana, Nambour and Bokarina in the Sunshine Coast.
iBuyNew CEO, Daniel Peterson, said the regions were already seeing increased demand from buyers.
“The three fundamentals – strong infrastructure investment, population growth, and rental demand – are aligning perfectly,” Peterson said.
“Smart property buyers will target growth corridors and Olympic precincts with properties near transport and lifestyle hubs offering excellent long-term upside.”
He added that while much of south-east Queensland would benefit, Olympic-focused infrastructure investment would supercharge certain areas.
“These areas are where long-term capital growth will likely be most pronounced,” he said.
“For those looking to invest soon, properties in suburbs with solid public transport and lifestyle hubs near key venues will offer excellent long-term upside.
“Apartments and townhomes close to universities, hospitals, and future employment zones will continue to be in high demand with renters and buyers.
“Getting in the market now allows property buyers to ride the full wave of Olympic-led growth over the next decade.”
Hotspotting director Terry Ryder agreed, noting that infrastructure spending is what makes an area “an outperformer”.
“Median house prices in Brisbane, the Gold Coast, and the Sunshine Coast have jumped from below $750,000 to over $1 million, with growth between 56 per cent and 66 per cent,” Ryder said.
“Unit prices have seen even stronger gains, rising from under $455,000 to above $650,000, which is an increase of up to 68 per cent.
“Infrastructure spending is what turns a location into an outperformer – and south-east Queensland is experiencing that more than ever – with the biggest impact on property markets occurring in the lead-up to the Games.”
Similar uplifts have been seen in other host cities, Ryder observed, including a 130 per cent increase before the 1992 Games and 88 per cent in the Sydney lead-up to 2000.