With major infrastructure projects announced for the Brisbane 2032 Olympic and Paralympic Games, Place Estate Agents CEO Damian Hackett is revealing the key suburbs poised for a surge in property prices ahead of the major event. 

“Billions of dollars are being invested into key Brisbane areas, which is predicted to increase property values and attract long-term growth. 

“These infrastructure developments will enhance connectivity across Brisbane, creating prime residential opportunities that will transform the city’s real estate landscape,” Mr Hackett said.

As the city prepares for this historic event, Place Advisory data indicates the strategic placement of Olympic venues and upgrades to transport infrastructure will make certain suburbs more desirable.

"Historically, such large-scale projects drive interest and activity in surrounding areas.

“We’ve predicted the top suburbs that are set to benefit from the infrastructure legacy of the Brisbane 2032 Games, with lasting improvements that will positively impact the local property market for years to come,” Mr Hackett shared. 

REIQ CEO Antonia Mercorella said the combination of new infrastructure and optimism set the stage for long-term real estate growth.

“It’s clear that Queensland is committed to creating a lasting Olympic and economic legacy, by bringing forward critical infrastructure which will benefit our city and state long after the games,” Ms Mercorella said.

“These transformative projects will not only support the games but also significantly enhance the liveability and connectivity of Brisbane and are likely to create long-term lifts in real estate values, especially in inner-city suburbs.

“The announcement of this plan marks a turning point, sparking renewed optimism and excitement in Queensland and Brisbane as an Olympic host city, and we expect this momentum will be reflected in growing interest in our local real estate market,” she said. 

With decades of experience in Brisbane real estate and as the CEO of Brisbane’s largest real estate agency, Mr Hackett believes the improvements are expected to attract increased demand interstate and locally, leading to notable growth inBrisbane property values over the coming years.

Based on the confirmed developments, Place Advisory has identified several suburbs likely to experience notable growth in property values, driven by increased demand for housing and the ongoing infrastructure improvements in these areas.

Brisbane Suburbs Set for Strong Growth Over the Next 7-10 Years, Driven by Olympic Infrastructure:

Herston / Kelvin Grove 

• New Infrastructure: The new Olympic stadium at Victoria Park

• Property Impact: The development of this stadium, along with surrounding upgrades to transport and urban infrastructure, will create a significant increase in demand for property in Herston and Kelvin Grove. These two suburbs are likely to see a surge in residential investment and interest, with people seeking proximity to the state-of-the-art venue. We would anticipate improvements in transport infrastructure further enhancing the appeal of Herston and surrounds. 

Spring Hill

• New Infrastructure: Olympic Stadium & National Aquatic Centre

• Property Impact: Spring Hill has experienced slower growth compared to other inner-city areas. With its central location and proximity to major Olympic venues, Spring Hill will benefit from the development of the National Aquatic Centre and enhanced transport options. Property demand will likely rise as more people look to live near Olympic facilities and enjoy the improved amenities.

Bowen Hills

• New Infrastructure: The Athletes’ Village located at the RNA Showgrounds - the construction of over 400 apartments and substantial upgrades to local infrastructure, including improved transport links to Olympic venues.

• Property Impact: Bowen Hills is set for substantial growth, driven by the development of the Athletes'Village. The introduction of new residential complexes, alongside transport and infrastructure upgrades, will position Bowen Hills as one of Brisbane's most sought-after investment hotspots. Post-Olympics, the area will feature build-to-rent (BTR) accommodation, providing a much-needed boost to the rental market and further enhancing the suburb's appeal.

Fortitude Valley

• New Infrastructure: The Athletes’ Village located at the RNA Showgrounds

• Property Impact: Fortitude Valley, being so close to Bowen Hills, will see increasing demand for housing as the infrastructure improvements make the area more accessible. The suburb’s cultural and commercial vibrancy, combined with better transport access, will make it attractive to investors and residents alike.

Woolloongabba / East Brisbane / Kangaroo Point 

• New Infrastructure: The GoPrint site is set to be redeveloped into Brisbane Live, a major private sector project – an indoor arena that will replace the original Roma Street proposal. Post-Games, the Gabba will undergo a transformation as part of an urban renewal project, evolving into a vibrant apartment precinct. 

• Impact: The transformation of the Gabba site will create a legacy, driving demand for apartment and investment options in Woolloongabba. 

Mr Hackett noted that the boost in property values in these suburbs reflects the broader impact of the Brisbane 2032 Olympic Games, as large-scale infrastructure and venue projects transform the local landscape.