{"id":33966,"date":"2021-08-18T08:28:19","date_gmt":"2021-08-17T20:28:19","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=33966"},"modified":"2021-08-18T08:28:19","modified_gmt":"2021-08-17T20:28:19","slug":"brisbanes-olympic-property-boom-set-to-push-these-suburb-prices-sky-high","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/brisbanes-olympic-property-boom-set-to-push-these-suburb-prices-sky-high\/","title":{"rendered":"Brisbane\u2019s Olympic property boom set to push these suburb prices sky high"},"content":{"rendered":"

PHOTO: Suburbs like Woolloongabba are tipped to soar in the lead up to the Olympics.\u00a0Photo:\u00a0Tammy Law<\/span><\/strong><\/p>\n

House prices in key inner Brisbane suburbs<\/a> are tipped to more than double in the decade leading up to the 2032 Olympics<\/a> as economists predict an imminent golden age of property for the Queensland capital<\/a>.<\/p>\n

The city\u2019s thriving inner east \u2013 including Woolloongabba and Dutton Park \u2013 and Albion, Paddington, Hamilton and Kelvin Grove are some of the hot spots expected to boom off the back of major infrastructure spending ahead of the games, with Greater Brisbane set to soar past the million-dollar median house price mark soon, experts say.<\/p>\n

New data from PRD revealed Brisbane\u2019s median house price could collectively rise to $1.2 million by 2032, with Hamilton \u2013 which will accommodate the athlete\u2019s village \u2013 predicted to leap from its $1.65 million house price average to just under $4 million after the Olympics<\/a>.<\/p>\n

Tennyson, which currently boasts a median house price of just under $1 million, could rise to just over $2 million and Woolloongabba \u2013 where many Olympic events will be held at the Gabba \u2013 could also soar from its current median of $1.086 million to just over $2 million, the PRD report said.<\/p>\n

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Greater Brisbane suburbs Olympics analysis for houses<\/strong><\/div>\n
<\/div>\n\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Suburb<\/td>\n2011<\/td>\n2016<\/td>\n2020<\/td>\n2021#<\/td>\nProjected Growth Year After Event<\/td>\nProjected Growth G20 Average<\/td>\n<\/tr>\n
Brisbane<\/strong><\/td>\n<\/tr>\n
Hamilton<\/td>\n$824,000<\/td>\n$1,200,000<\/td>\n$1,625,000<\/td>\n$1,650,000<\/td>\n$1,885,950<\/td>\n$3,990,670<\/td>\n<\/tr>\n
Tennyson<\/td>\n$515,000<\/td>\n$687,000<\/td>\n$770,000<\/td>\n$970,000<\/td>\n$1,108,710<\/td>\n$2,052,520<\/td>\n<\/tr>\n
Chandler<\/td>\n$1,040,000<\/td>\n$1,200,000<\/td>\n$1,650,000<\/td>\n$1,600,000<\/td>\n$1,828,800<\/td>\n$3,385,600<\/td>\n<\/tr>\n
Woolloongabba<\/td>\n$623,000<\/td>\n$775,000<\/td>\n$875,000<\/td>\n$951,000<\/td>\n$1,086,993<\/td>\n$2,012,316<\/td>\n<\/tr>\n
South Brisbane<\/td>\n$805,000<\/td>\n$1,617,000<\/td>\n$1,050,000<\/td>\n$1,210,000<\/td>\n$1,383,030<\/td>\n$2,560,360<\/td>\n<\/tr>\n
Redland Bay<\/td>\n$450,000<\/td>\n$525,000<\/td>\n$575,000<\/td>\n$638,000<\/td>\n$729,234<\/td>\n$1,350,008<\/td>\n<\/tr>\n
Ipswich<\/td>\n$325,000<\/td>\n$326,000<\/td>\n$420,000<\/td>\n$435,000<\/td>\n$497,205<\/td>\n$1,052,086<\/td>\n<\/tr>\n
Herston<\/td>\n$697,000<\/td>\n$737,000<\/td>\n$885,000<\/td>\n$908,000<\/td>\n$1,037,844<\/td>\n$1,921,328<\/td>\n<\/tr>\n
Spring Hill<\/td>\n$950,000<\/td>\n$910,000<\/td>\n$1,060,000<\/td>\n$1,150,000<\/td>\n$1,314,450<\/td>\n$2,433,400<\/td>\n<\/tr>\n
Gold Coast<\/strong><\/td>\n<\/tr>\n
Coomera (house)<\/td>\n$353,000<\/td>\n$488,000<\/td>\n$515,000<\/td>\n$550,000<\/td>\n$628,650<\/td>\n$1,163,800<\/td>\n<\/tr>\n
Broadbeach (units)<\/td>\n$463,000<\/td>\n$550,000<\/td>\n$593,000<\/td>\n$625,000<\/td>\n$714,375<\/td>\n$1,322,500<\/td>\n<\/tr>\n
Sunshine Coast<\/strong><\/td>\n<\/tr>\n
Alexandra Headland<\/td>\n$570,000<\/td>\n$920,000<\/td>\n$1,210,000<\/td>\n$1,110,000<\/td>\n$1,268,730<\/td>\n$2,348,760<\/td>\n<\/tr>\n
Twin Waters<\/td>\n$651,000<\/td>\n$737,000<\/td>\n$930,000<\/td>\n$1,077,000<\/td>\n$1,231,011<\/td>\n$2,278,932<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Source: PRD Research. #2021 encapsulates sales between 01\/01\/2021 and 30\/06\/2021<\/em><\/strong><\/div>\n<\/div>\n

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