Property market set to rise ahead of and after the Brisbane Olympics

Property market set to rise ahead of and after the Brisbane Olympics

Posted on October 21, 2021 by Mirren Property Investment

Economists predict that the median house prices will exceed the $1 million mark well before Brisbane’s Olympics even start in 2032. Hosting a major event in Australia, like the G20 Summit and Brisbane’s Expo, has shown a clear accelerated growth trend over the years. The prices have continued to rise two to three years after the event.

Many are calling this the golden age of property for the Queensland capital.

Brisbane market prices were already on the rise due to the pandemic, and the Olympics are going to add to it. Now is the time for all buyers, including all property investors keen to get into the Brisbane property market. House median prices are sure to rise steeply from where they are currently at as we head up to the games.

Olympics puts Brisbane on a global stage, maintaining the high level of migration. The next six months will also see tremendous growth of people moving interstate.

Buying an investment property in Brisbane now before the boom is a wise step. While buying near the venues is a great option as most growth will be felt there, the inner suburbs and outer suburbs will also see this effect. Many are even using the Olympics as a marketing tool to attract buyers to an already limited supply of new properties on the market.

For investment property buyers that do not act now, the stocks will be lower and prices steeper with time.

While Brisbane prices are increasing, they are still more affordable than other major cities across Australia.

Are you looking to buy an investment property in Queensland and take advantage of the current market situation? Contact us.

Newsletter Signup

Contact Mirren today

No guesswork. No dramas. Just results.