The Olympic Games 2032 have been on Brisbane’s mind for quite a while now and being the favourite to be put forward makes the dream even closer to reach.
While hosting an Olympic not only brings crowds, stimulates the economy and nurtures our young generations to aim to a sport career, for others the vision is not that bright.
With the fear of leaving behind unused facilities and overcrowding during that period of time.
Like everything in life we should always measure the pros and cons of an event like this so let’s take a closer look of what would that mean to Queensland.
It would mean over 130 thousand jobs plus A$8 Billion dollars in uplifts in the current infrastructure. In order to prevent unused facilities the proposed Masterplan could be reduced to only 2 new complex builds and a massive upgrade of roads and rail system in South-East Queensland.
So if you you are a property investor in Queensland all these upgrades will be very welcomed as they will stay as permanent benefits to the community.
The biggest concern that hasn’t been resolved yet is the shortfall of 61 thousand rooms that would accommodate over 80 thousand athletes and spectators.
This could be a great opportunity for new hotels and Air BnB, that would have to be built within the next 10 years.
This could see some parts of the Gold Coast and South East Queensland change their zoning to high density in order to be able to accomodate for all this to happen.
It looks like very exciting times ahead of Queensland and as everything in the investment market, you have to be in to win.
Check out the Master Plan Video.
