In June 2021, it was announced that Brisbane would host the 2032 Olympic Games.
It is forecast that the 2032 Olympics will result in a range of positive impacts on the Brisbane economy and residential property market.
As the host city for the Olympics, Brisbane will experience a surge in visitors in the lead-up to and during the event. This process has the potential to drive an increased level of demand for short-term rental properties.
The Olympics is a major international event that attracts media coverage from around the world. Brisbane is likely to receive increased exposure as a result, which could drive strong interest from international property purchasers. An increased level of demand from overseas, especially for high-end property, bodes well for the overall residential market.
Hosting the Olympics will require a significant investment in infrastructure, including transportation, accommodation, and sports facilities. Brisbane is expected to benefit from this investment in the lead-up to the event. The legacy of hosting the Olympic Games is also often felt long after the event has ended. Brisbane is therefore likely to benefit from improved infrastructure, increased tourism, and a higher profile following the 2032 Olympic Games.