Brisbane Olympic Games 2032 | Real Estate Predictions
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Brisbane Olympic Games 2032 | Real Estate Predictions
Why Brisbane?
1. House prices in Brisbane have increased by an average of 9.7% per annum for the last 46 years (total return divided by 46 years). Homely
2. Between 1997 and 2003 house prices in Sydney increased by 97% off the back of the 2000 Olympic Games. Core Logic
3. The Australia Financial Review recently published an article forecasting house prices could potentially double in Brisbane between 2021 and the 2032 Olympic Games.
4. Westpac has forecast the 2032 Brisbane Olympic Games could produce at least $17 billion of economic and social benefits for Australia. Further, the event could create 130,000 direct jobs, between 2022 and 2032.
5. According to Propertyology house prices in a number of Australian locations could grow between 30% to 70% in the next 5 years.
6. Brisbane’s population is predicted to soar to over 5 million people within the next 25 years. ABS.
7. Between 2021 and 2022 more Australians moved to South East QLD than into Sydney or Melbourne. ABS.
8. 75% of Australia’s population and job growth is predicted to occur in South East QLD, Sydney, and Melbourne over the next 20 years. Michael Matusik.
9. Brisbane is chronically undersupplied from a rental perspective. Vacancy rates are now at record lows in Brisbane. SQM
10. According to Core Logic rental returns in Brisbane are expected to increase by more than $100 per week between 2022 and 2023.
11. Australia's employment rate in 2022 is at its lowest point in 50 years. ABS
12. The Australian Government has committed to more than $218 billion of infrastructure projects between 2022 and the end of 2025. Propertyology
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