South East Queensland is a Hotspot for Investment Property
Hosting the 2032 Olympic Games could play a critical role in Brisbane’s recovery from the coronavirus pandemic. With the largest local authority in the southern hemisphere, Brisbane is well-positioned post-pandemic with $20 billion worth of major development on the way and $49.5 billion committed to transport infrastructure.
Major development projects include the $5.4 billion Cross River Rail, $3 billion Queen’s Wharf casino and the Brisbane Airport redevelopment. The region, home to one in seven Australians, has put its hand up to host the 2032 games—the first location to announce it would bid for the $5 billion-plus games, under new rules that allow a region, rather than a city, to host the event.
“There is already a need for jobs and growth in the Queensland economy arising from the impact of Covid-19,” Australian Olympic Committee president John Coates said.
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