17 Jul IT’S GAME ON FOR QUEENSLAND’S COMMERCIAL PROPERTY MARKET
The south-east Queensland property market is poised for substantial growth over the next decade, driven by a multitude of factors culminating in the 2032 Olympic Games.
The Games are acting as a catalyst for substantial infrastructure development, creating new transport links, upgraded roads, and improved public facilities.
The state is witnessing an influx of infrastructure projects, including the expansion of public transportation networks, construction of sporting venues, and enhancement of tourism and recreational attractions. Such developments not only enhance the liveability of the region but also drive property demand and value.
The impact of hosting the Olympic Games extends far beyond the event itself. Queensland will benefit from legacy infrastructure and amenities, making the region more attractive for property investment and residential living.
Economic growth and jobs
Hosting the Olympic Games brings economic growth and increased employment opportunities. The Games generate a robust local economy from the surge in tourism, job creation and increased consumer spending.
This economic upturn will contribute to a rise in commercial property demand, with investors and residents seeking to capitalise on the economic prospects presented by the Games.
Population growth and urban migration
While south-east Queensland is already experiencing huge population growth largely due to its desirable climate, lifestyle, and economic opportunities, the Olympic Games will further attract domestic and international migrants.
While the lack of affordable housing and high construction costs remains significant challenges, they also highlight the opportunities to fast-track DA-approved developments, backed by secure funding and construction partners.
Enhanced Global Exposure and Tourism:
The Games serve as a global showcase, providing unparalleled exposure to the host city and surrounding regions. Queensland’s natural beauty, stunning coastline, and diverse attractions will be broadcasted to a worldwide audience, piquing the interest of potential investors, tourists, and those seeking a lifestyle change. This heightened exposure will undoubtedly fuel the demand for property in the region.
As south-east Queensland continues to evolve as a world-class destination, the Olympic Games will create remarkable opportunities for those looking to capitalise on the region’s growth and prosperity.
IBN Private would love to help with any financing solutions you need to get your pre-Games projects out of the ground. To find out more call our team on 1300 668 551.
Celebrating 20 years in 2023, IBN Private is Australia’s most experienced private lender with access to hundreds of private funding options. Call 1300 668 551 for a free, no-obligation quote.