Exciting New Developments Launch Hamilton’s Property Market
Northside locals, some big changes are on the horizon! With the developments for the 2032 Olympics well underway, we can expect to see the Hamilton we know and love transform to become a mecca for athletes far and wide. Here’s what’s in-store…
Get-set, Go! Olympic Village Plans are Approved
It’s now official, the Olympic Village will be coming to the gorgeous waterfront suburb of Hamilton! The biggest contribution to Brisbane’s riverfront parkland since Southbank was established in 1992, the iconic Village will span more than 300 hectares and activate more than 3 kilometres of river frontage.
Not only will the development house at least 10,000 Olympic Games and Paralympic Games athletes, but it will also host a variety of retail, residential, and commercial properties for residents to enjoy.
According to Deputy Premier and Planning Minister Steven Miles, said Village will really cement Northshore as a world-class lifestyle, recreation, and events destination.
What does this Mean for the Property Market?
From what we’ve seen from large infrastructure projects in the past, it’s safe to say that the Northside Property Market is set to reach new heights with this development.
Not only will potential residents flock to the area, but the extra requirement for workers will create additional demand for housing during the construction process to drive property prices. With lessons learned from the 2000 Sydney Olympics, economists are predicting that it wouldn’t be surprising for Brisbane to see double digit growth in median dwelling value.
Even as we look to the future, we can expect the Village to be converted to 1,750 new apartments, alongside the already established commercial and retail space. This transformation will undoubtedly have a long-lasting influence on the housing market in Hamilton and surrounding areas.
What are my next steps?
Looking to buy in the Hamilton Area in wake of The Olympic Village development? It’s best that you purchase as close to the venue as possible, as this is where the demand will boom.
By expert predictions, and our recommendations at team Oliver Jonker, if you're considering a prestige property in the Hamilton area – now is the time to purchase it. Hungry buyers locally, inter-state, and internationally are getting prepared to snap up homes, and you don’t want to miss out!
If you’re ready to start your journey in time for the Olympic Games, get in touch today.