What does the Olympics mean for property prices in Brisbane?

In September 1993, Syndey was announced as the host of the 2000 Olympic Games.    Surprisingly, this was the first time that an Olympic host city paid attention not only the Games themselves, but to the legacy of the Games.    Sydney planned and built an infrastructure not only for a month of sporting competition, but for long term economic and social improvement.  

The rise of property prices in Sydney is well documented, with house prices rising by 60% between 1993 and 2000 alone.  Does Brisbane offer an opportunity for investors?

Fundamental to any investment consideration is what regeneration or infrastructure improvements are planned.  Buying prior to these improvements, or at the outset of these improvements is when property investors benefit the most.   So in addition to undoubted long term legacy of the Brisbane Olympics, what development and infrastructure improvement is planned that will ultimately drive property values and rental prices in the city?

Cross River Rail

This A$5.4 billion, 10.2km rail line includes a tunnel under the Brisbane River and CBD and creates four new underground stations (Albert Street, Boggo Road, Roma Street and Woolloongabba).  

Woolloongabba Masterplan

Estimated to cost A$100m, the Woolloongabba masterplan is integrated with the new Woolloongabba Station.  The Masterplan will create a mixed-use commercial, residential and retail development and landscaped public gardens.

Queen’s Wharf Precinct

Construction is underway of this new A$3.6 billion resort development which will provide deliver four luxury hotels, 2000 apartments and 50 bars and restaurants 

Brisbane Live

The Brisbane Live Arena will be the city’s new home of entertainment in the CBD.  The arena will revitalise the currently underutilised western gateway to the city for thousands of residents, commuters and visitors.

Waterfront Brisbane

Constrution of the A$2.1 billion Eagle Street Pier precinct  is due to commence in 2022.  The redevelopment will include two mixed-use towers, create a lesure and tourism destination and provide 7,900sqm of open space. Construction is expected to commence in 2022.

Brisbane Metro

Brisbane Metro will be a key part of Brisbane’s transport network linking the city to the suburbs. The new A$1 billion Brisbane Metro will operate along 21km of dedicated busways and will operate 24 hours a day at weekends, with service due to commence in 2023.  

Population Growth

But what about the for demand housing?  The Australian Bureau of Statistics reports that Brisbane’s population grew by 1.9 per cent during 2019-20, (the highest growth rate of all Australian capital cities).  Forecasts in the federal budget also forecast Queensland’s population will increase by more an 250,000 people as move from other states.

Brisbane Property Price forecasts

So with supply and demand imbalance, significant infrastructure improvements and investments with the city, the Olympics and low interest rates, what does this all mean for house prices in Brisbane?   This is what the banks are forecasting:

NAB forecasts Brisbane house prices to rise by 19.5% over the next year.

ANZ predicts Brisbane house prices will rise by 20% by the end of the year.

CBA forecasts Brisbane house prices to increase by 16% by December 2022.

Westpac predictsBrisbane house prices will increase by 20% between 2022 and 2023.


So whilst the Olympics and their legacy will no doubt have an impact on Brisbane’s property market, it’s the fundamentals of investment – supply, demand and infrastructure improvements that are driving the investment opportunity in Brisbane.

Investors can take advantage of potential price growth by purchasing off the plan property that’s due to settle in 12 to 24 months’ time. 

But, you need to do your research and have accurate independent information about the market.  If you’re buying off plan today, you have got to ensure you’re not paying an inflated price.  If you’re buying today, make sure you’re paying today’s price – don’t pay today for tomorrow’s growth!

Any capital appreciate you make between now and settlement, is your upside for investing off plan.   If you pay too much when you buy the property, you’ll never recover that cost.

But how do you know what a property is worth today?  It’s very difficult for small investors to obtain accurate, independent market data.  This is why we soon be launching Du Val PropTech.  The digital platform that gives you access to 2.4 billion independent datapoints from the UK, Australia and New Zealand.  With independent information on house prices, rental information, yields and economic and demographics, you can do your own research before you buy, meaning you’re making informed investment decisions.

Email me if you’d like more information [email protected]

We hope you have found this article useful, feel free to comment or ask any questions.  For more information on about property investment check out our other articles and request your copy of our Buyers Guides from [email protected]

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