Brisbane's housing market may rise due to Olympics

Real estate experts in Brisbane are predicting a rise in property prices due to the upcoming 2032 Olympic and Paralympic Games. With major venues like a new 63,000-seat stadium at Victoria Park announced, some suburbs are already being referred to as the "Olympic epicentre." Real estate agent Jacob Pirrone notes that specific suburbs are likely to attract property investors as a result of the planned Olympic venues. He suggests that there will be an increase in demand and prices in areas close to the new sports facilities. However, concerns have been raised about rental prices. Tenants Queensland's Penny Carr warns that renters in inner-city areas could face rising rents as the Olympics approach. She advocates for measures to prevent evictions and limit rent increases to protect low-income residents. While past Olympic Games have shown mixed impacts on housing markets, analysts believe Brisbane's infrastructure improvements will help boost property prices over time. UQ finance professor Shaun Bond argues that the Games will enhance the city’s attractiveness, making it more appealing for future investments and events.