Although some 11 years away, the 2032 Olympic Games is on the lips of most Queenslanders – particularly among Brisbanites – whose home city has been announced to host the event.
Hosting the 2032 Olympics and Paralympics could be a “game-changer” for Queensland, according to Brisbane Lord Mayor Adrian Schrinner, who says it could “deliver 20 years of accelerated opportunity for our state”.
It is yet to be determined whether property prices in Brisbane or Queensland will increase after the Olympics.
What’s more likely to happen is infrastructure upgrades to transport, services and amenities may have a positive flow-on effect on house prices. The real victors from the Olympic Games will be both the jobseeker and tourism sectors.
The State Government’s 2032 Olympic and Paralympic Taskforce found the Games could create around 130,000 direct jobs, including 10,000 in the year of the Games.
The Value Proposition Assessment created by the task force also revealed there is an estimated quantifiable economic benefit of $7.4 billion.
Like to read more? Click here to read the full article published by the REIQ.