EXCLUSIVE, PHIL BARTSCH, FRI 17 FEB 23

[Silverhall Comment: News that the Queensland and federal governments had reached a $7-billion-plus funding agreement to supercharge preparations for the Brisbane 2032 Olympics is certainly a boom for housing demand]

Even through the thick cloud of uncertainty and slew of challenges the industry is facing, the announcement has provided the first real sense of that golden era and its opportunities for growth.

Not least because of the proposed expansion of a key Olympic inner-city Priority Development Area and promise of “major urban renewal delivering thousands of new homes”.   

“As an industry, firstly, we welcome the fact that the financial commitment for the Olympics is now fully underwritten through the partnership between the federal and state governments.

“And, secondly, we welcome the work and money that will come through this program.

“Thirdly, the Olympics has a significant intangible … it shines a light on Brisbane and the south-east corner as a destination for capital, immigration and tourism.

https://www.theurbandeveloper.com/articles/gabba-brisbane-olympic-games-2032-redevelopment-confirmed?utm_source=TUD+-+Daily+Briefing&utm_campaign=fc5f2eb552-EMAIL_CAMPAIGN_2021_08_11_01_49_COPY_01&utm_medium=email&utm_term=0_982c36d415-fc5f2eb552-196356938