Gold Coast development: Property prices expected to increase around 2032 Olympic Games venues
Property prices in Gold Coast suburbs close to the major Olympic venues are expected to spike, with several areas set to boom. FULL DETAILS >>>
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PROPERTY prices in Gold Coast suburbs close to the major Olympic venues are expected to spike on the back of southeast Queensland securing the 2032 Games.
Consultancy firm CoreLogic says Robina in particular will receive significant benefit from hosting events at Cbus Stadium, as well as one of the Games’ athletes villages.
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“Large projects also tend to leave a legacy of a permanent housing demand uplift, either through additional employment or via other benefits such as improved transport options and travel efficiencies related to transport infrastructure projects as well as additional amenity introduced to the area including social and retail outlets,” CoreLogic researcher Tim Lawless said.
“As more detail comes to light about where these projects will be located we should get a better understanding of the housing market opportunities.”
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The Property Council of Australia executive director Jen Williams said the Olympics would bring the business, community and government closer together in decision making.
“As the investors in and creators of cities and places, the property industry is excited by the role our industry will play in the visioning, plan making, construction, urban renewal and legacy building needed to fulfil a successful 2032 Games program, and beyond.”
Star chairman John O’Neill said the southeast faced a decade-long boom.
“There is a 10-year ‘green and gold’ runway in front of us, then a 10-year legacy to follow,” he said.
“Sport will be supercharged, critical transport and community infrastructure can be fast-tracked, with great potential for growth.”
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