2032 Olympics-hosted Southeast Queensland experiences property price surge, becoming Australia's second most expensive city.

Southeast Queensland, host of the 2032 Olympics, sees property prices surge as 268 suburbs now have homes valued at over $1 million. Brisbane has become Australia's second most expensive city, with a median house value of $937,479. The Queensland state government plans to deliver one million homes by 2046 to meet the growing demand, including 53,500 social properties. High demand, limited supply, and construction constraints contribute to the rapid price increases.

August 16, 2024
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