Olympic Property Opportunity
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What is the episode focused on regarding the 2032 Brisbane Olympics and property opportunity?
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And welcome to another episode of the Real Estate Podcast on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcasts from. Well, the Monday morning has turned up Once again, the weekend flew out the window and today is the 19th day for September of 2022. How did you go across the weekend if you were transacting on property? I hope you got the right outcome and if you're still in the middle of that process over the next few days, I hope it goes well. Now coming up this morning we're going to be talking about the Brisbane Olympics. It's one year post the decision being granted to Brisbane to stage the Olympics in 2032. And remember this year is fast coming to a close.
So at the end of this year, it's only going to be nine years away. It's not a lot of time to build all of the infrastructure. But as you know, with infrastructure, it brings opportunities to invest into certain areas. And that's one of the talking points with Asti from PRD, who is going to be here very shortly. And we will look at all of that, break it all down for you this morning on the Real Estate Podcast.
It's your weekday real estate breakfast with news, interviews and predictions every morning on The Real Estate Podcast.
Coming up tomorrow, we are going to be talking about buying a property with your sibling. Would you do that? Would you? Have the courage. It could be tempting. But did you find that growing up with your sibling, you had enough of living under the same roof? Or would you be fine with it? And what sort of legal things do you have to think about when buying a property with your sibling? We'll be looking at that tomorrow morning. Hey, if you're celebrating your birthday for the 19th on this Monday, have a great day. Jeremy Irons, the English actor, he is celebrating his 73rd birthday. And Jimmy Fallon, he's on the birthday calls and turning 47. I see you also on this day back in 2010, 12 years ago, nearly 13 years ago now.
Why is the one-year anniversary of Brisbane winning the 2032 bid important for investors?
The oil rig Deepwater Horizon is declared sealed after a five-month-long spill in the Gulf of Mexico. One of the biggest accidents in the oil and gas industry, the BP oil spill began. when an explosion destroyed the rig and killed 11 people. That happened on this day in 2010. And then a few years later, they made a movie about that, which was called Deepwater Horizon. I'm just trying to think who was the actor in that. Mark Wahlberg, that was it.
It's your real estate podcast for breakfast. It's the main centre forecast with PRD, selling smarter every day.
All right, let's have a look at your weather on this Monday morning. First, we go to Sydney. Good morning to you. Looking pretty good for the start of our working week. 23 is your forecast. High blue skies and sunshine. In Melbourne, should be mainly dry, partly cloudy with 17. In Brisbane, ditto day. On yesterday, 29 blue skies and sunshine. And in Perth today, expecting some showers and your high of 17 degrees.
We talk with leading property commentators with analysis, predictions, forecasts and what's trending every morning from 6.30.
Well, one year has passed since the announcement of Brisbane's successful bid to host the 2032 Olympic Games. And in conjunction with the announcement, master plans and developments have been detailed in state, federal and local government budgets. The Games are set to deliver a $8.1 billion in benefits to Queensland, which include $4.6 billion in tourism and $3.5 billion in social improvements, such as health and community benefits. So from a real estate perspective, what is going to be the benefit? Well, let's bring in right now Chief Economist Asti Mariasmo from PRD. And a very good morning to you, Asti. Welcome back to the Real Estate Breakfast.
Good morning. Good morning. How are you?
I'm not too bad. Pretty exciting times with the Olympics, of course. And this is the question is just what sort of a perspective is this going to have on the real estate industry? So let's start with the Olympics.
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