Brisbane Olympics 2032 venues announced

Stadiums and venues announced

The Queensland government has at last announced Olympic Stadium plans for 2032.

And it seems the "no new stadiums" pledge has been...well, parked, in favour of "quite a few new stadiums". 

It was finally confirmed, after much conjecture, that Victoria Park will see the construction of a new 60,000-seater stadium to host the games, at an estimated cost of $3.4 billion.  

Premier Crisafulli noted that there was no longer enough time to fit in an upgrade to The Gabba cricket ground. 

You can watch the media announcements back here:

I was at The Gabba at the weekend - go Lions! - and the ground certainly isn't up to the required modern Olympics Games standards in its present state.

That having been said, the suburb of Woolloongabba is already set to benefit from the Cross River Rail project and existing suburb revitalisation plans, so perhaps the existing stadium can be gradually refreshed without major disruptions (including for AFL and cricket matches, and for the local East Brisbane State school). 

Some savings have been made via the shelving of plans for the Brisbane Live Arena at Roma Street, which had been previously slated to cost the government $2½ billion.

Huge investments

The total initial estimated budget for the games is $7.1 billion, which will also include a vast new and improved national aquatic centre at the existing Centenary Pool in Brisbane with more than 25,000 seats, and a 3,000-seater arena at the Queensland Tennis Centre, alongside 12 new match courts. 

The Olympics athletes village will be positioned at the RNA Showgrounds in Bowen Hills, in inner-city Brisbane, with a 20,000 seat arena earmarked for the venue to hold bigger and better EKKA events in the future. 

Given the power of unions and the cost of labour up here at the moment, I wouldn't be at all surprised if the total cost to the government coffers ends up being triple the budgeted figure by the time the games rolls around. 

There was also plenty of regional investment for both venues and infrastructure announced across the state for Redlands, Logan, Moreton Bay, and Gold Coast, as well as Sunshine Coast, Maryborough, Wide Bay, Toowoomba, Cairns, Townsville, Rockhampton, and Mackay. 

The rowing events in Rockhampton's Fitzroy River will be an interesting sight to behold...reckon I'd beat all Steve Redgrave's records meself rowing in there, given the lively nature of the wildlife! 

Overall, it's great to get some clarity on the plans for the games which are now only a matter of 7 years away. 

Although this will be largely a Brisbane Olympics, it will also be a state of Queensland Olympics, and the funding will represent the biggest ever investment in Queensland's infrastructure. 

Enough of the dithering and indecision...now we can crack on with it.

---

P.S. Whenever you’re ready…here are 4 ways I can help you:

    1. Download our property buying guide

Download our free property buying guide here. 

You can also check out a few of our recent property purchases here. 

Get in contact with us today if strategic property investment is your thing. 

    2. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with well over 50,000 audio downloads per month, and growing fast.

And our popular Low Rates High Returns Show also remains available on Spotify.

    3. Subscribe for my free daily blog

Subscribe for my free daily blog with some 3¾ million hits here. 

You can also catch up with me daily on Twitter here, where I'm active daily and have over 14,900 followers. 

By the way, I'm an 8-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to buy here or on Amazon here - follow our book release on Facebook here and at our Buy Right podcast series here. 

4. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.