Queensland’s successful bid for the 2032 Olympics is a game changer for this state, particularly the Sunshine Coast, where many events will take place.
Hosting the Games will not only put us on the world map, it also represents a huge economic opportunity for South East Queensland. Preparing for the event will create thousands of jobs and deliver a big boost to the regional building and tourism industries.
Importantly, critical infrastructure projects for transport, services and amenities will be fast-tracked. The road upgrade between Brisbane and the Coast will be one of the biggest wins for locals; while new and refurbished sporting arenas will be a great asset for Australian sportspeople generally, attracting major international events for years to come.
How will it impact the local property market, specifically? Like everything else, short- and long-term housing will be in high demand. Showcasing what a great place the Sunshine Coast is to the world will inevitably bring more people here to live. And it’s very likely that this will have a positive flow-on effect for property in the region.
But even without the Games, we can expect house prices to roughly double over the next ten or so years. This means local property investors are already looking at significant growth by 2032. Buying now lets you beat any price rise and has the added benefit of 10 years’ capital growth. On top of that is the rental income you’ll enjoy due to the increase in housing demand the Games will create.
There’s little doubt that the Olympic Games will help the Sunshine Coast build on its growing reputation as one of the strongest property investment markets in the country.
*The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Dwyer Property Investments recommends that you seek independent legal, financial and taxation advice before acting on any information in this article.