10 Apr 2025

Brisbane 2032 Olympic Games: What the Stadium Shake-Up Means for Property Investors

Brisbane’s 2032 Olympic and Paralympic Games are no secret—but recent announcements about where the major events will be held have turned heads.

With the government confirming a brand-new stadium and unveiling a series of high-impact infrastructure projects, the landscape for property investors is changing fast.

With billions being poured into new transport links, urban precincts, and long-term legacy venues, this next phase of development is already shifting demand in key suburbs.

Here’s a breakdown of the latest developments, which areas are tipped for growth, and what smart investors should be keeping an eye on.

A New Olympic Stadium for Brisbane

In a major update to the original Olympic plans, the Queensland Government has confirmed a new, 63,000-seat stadium will be built at Victoria Park in Herston. Estimated at $3.8 billion, this venue will now host the opening and closing ceremonies, as well as track and field events.

After the Games, it’s set to become Brisbane’s premier venue for football and cricket—replacing the Gabba, which will be demolished.

This change marks a pivotal moment for Brisbane’s infrastructure strategy and is already sparking renewed interest in surrounding suburbs.

What Else Is Being Built?

In addition to the new stadium, a series of legacy-focused developments are underway across Brisbane and surrounding regions:

Cross River Rail: A $5.4 billion underground rail line through the CBD, set to improve city-wide connectivity by 2029.
Brisbane Metro: A new electric bus system connecting key precincts, expected to be operational by late 2024.
Brisbane Arena (Brisbane Live): A proposed 17,000-seat indoor arena near Roma Street, hosting Olympic swimming events and offering long-term entertainment appeal.
Athletes’ Village – Northshore Hamilton: Housing over 10,000 athletes, the precinct will later transition into a modern residential and lifestyle hub.
Redland Whitewater Centre – Birkdale: Confirmed as the canoe slalom venue, this facility will be a year-round recreation and tourism destination beyond the Games—adding long-term value to the bayside region.
Sunshine Coast Entertainment Precinct: A $1 billion mixed-use precinct in Maroochydore that’s expected to boost tourism and job growth across the region.

Together, these projects are reshaping the city and its surrounds, creating new opportunities for long-term property investment and lifestyle-focused development.

Which Suburbs Are Set to Boom?

With infrastructure comes opportunity—and certain suburbs are already benefitting from renewed interest and upward price pressure:

Herston, Kelvin Grove & Spring Hill
Next to the newly announced Victoria Park stadium, these suburbs are seeing strong demand and rising values. Herston alone has recorded over 116% growth since 2020.

Bowen Hills
With the Athletes’ Village on its doorstep, this suburb offers excellent connectivity and growing residential appeal.

Woolloongabba & Kangaroo Point
While the Gabba won’t be redeveloped, surrounding suburbs remain highly desirable due to their location and proximity to the Cross River Rail.

Fortitude Valley & East Brisbane
Walkable, central, and lifestyle-friendly—these areas are well-positioned to benefit from Olympic-driven demand.

Birkdale
Now home to the confirmed Redland Whitewater Centre, Birkdale is gaining attention for its long-term lifestyle value and strong community infrastructure.

Maroochydore (Sunshine Coast)
With a billion-dollar entertainment precinct in the works, this coastal hub is expected to see a sharp uplift in interest leading up to the Games.

Property Market Predictions

Property analysts suggest that suburbs directly impacted by Olympic infrastructure could see values double by 2032.

With a proven track record in past host cities like Sydney and London, the uplift in demand, liveability, and connectivity makes Brisbane’s Olympic transformation one to watch.

But not all growth will be equal—suburbs with direct access to transport links, event venues, and long-term amenity will likely lead the way.

How Aurora Property Can Help

As Olympic-driven development reshapes Brisbane, having the right property management partner on your side is more important than ever.

At Aurora Property, we specialise in managing investment properties across Bayside, South Brisbane, and North Brisbane. Whether you already own property in a growth corridor—or you’re thinking about expanding your portfolio—we’ll help you maximise your returns and stay ahead of the market.

Ready to take advantage of Brisbane’s Olympic boom? Let’s talk about how we can support your investment journey.

Visit auroraproperty.com.au or contact our team today to get started.