Yeronga poised to thrive as Brisbane prepares for 2032
We recently partnered with Position Property and REA to welcome special guest speaker Graham Quirk to share their Brisbane market insights.
The Queensland government’s $7.1 billion infrastructure plan for the 2032 Brisbane Olympics is set to transform the region, creating world-class sporting venues, improving transport, and boosting housing opportunities.
Olympic Legacy: A City on the Move
As one of the original proponents of Brisbane securing the 2032 Olympic Games, Graham Quirk shared his insights from 2015 planning as Chair of Council of SEQ Mayors. Ten years ago, this month (15 March 2015) the Council of Mayors, under Graham’s leadership, unanimously agreed to investigate a bid for a regional Olympic and Paralympic Games. Brisbane is on the cusp of a transformative decade as the 2032 Olympic Games spur a wave of new infrastructure investment and economic expansion. At a recent industry event featuring former Brisbane Lord Mayor Graham Quirk and property experts, key insights
were shared on how the Games will shape the city’s future and drive property market trends. A poll conducted with the audience on the night captured the general property market optimism, with over 60% more optimistic.
The Brisbane 2032 Olympics are more than a sporting spectacle; they represent a long- term investment in the city’s growth. The event’s original feasibility studies outlined extensive transport upgrades, including high-frequency rail and metro expansions, aiming to make Brisbane a more interconnected and accessible city – a 45-minute region. Infrastructure investment totaling $7.1 billion will include a new $3.8 billion stadium at Victoria Park and a $600 million aquatic centre, ensuring Brisbane remains a world-class destination long after the Games conclude.
Property Market Momentum
Despite recent economic fluctuations, Brisbane’s property market remains resilient. Home prices have levelled off in recent months but remain significantly higher than in previous years. With strong population growth and a steady labour market, demand for housing continues to rise. Investors are capitalising on these trends, with investor activity at its highest in two decades. Suburbs such as Yeronga, Auchenflower, Bowen Hills and Redcliffe are experiencing strong year-over-year growth, with rental yields ranging from 4.3% to 6.2%.
Brisbane’s Future as an Economic Powerhouse.
With Queensland leading the nation in employment growth, Brisbane’s economic outlook remains strong. Major infrastructure projects and interstate migration continue to fuel the city’s expansion, positioning it as a top destination for property investment. As Brisbane gears up for its ‘golden age’ leading into 2032, property market dynamics will remain a focal point for investors, homeowners, and industry stakeholders. The city’s continued transformation underscores the long-term benefits of Olympic-driven development and urban renewal.
These developments not only promise a world-class Games experience but also present a unique opportunity for property buyers to invest in Brisbane as the greater region is poised for substantial growth and long-term livability.
With the 2032 Olympics set to transform South East Queensland, now is the time to invest in the future of this thriving region!