CoreLogic: Brisbane Olympics to lift property values

CoreLogic’s Research Director, Tim Lawless, sees upside for Brisbane property values arising from its successful bid to host the Olympics in 2032:

The Olympics should work as a positive influence on Brisbane housing market conditions, however, with the Games still some eleven years away, the flow on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency.

The most significant positive influence on the housing market is likely to be seen in the years leading up to the Olympics, rather than during the four weeks of the Olympic and Paralympic games themselves.

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