It's been three days since the Queensland government officially revealed its venue plans for the 2032 Olympic and Paralympic Games, but real estates are already spruiking the benefits of buying within what some of them are calling the "Olympic epicentre". Premier David Crisafulli ended years of uncertainty and debate on Tuesday when he announced Brisbane's Victoria Park would be the home of a new 63,000-seat stadium. A new national aquatic centre will be built in nearby Spring Hill, with dozens of other major projects and upgrades set to roll out across the south-east and as far north as Cairns. Property listings for apartments in Kelvin Grove, a suburb alongside Victoria Park, are already describing themselves as being "only a stone's throw" away from the future Olympic site. Real estate agent Jacob Pirrone said this week's announcement had isolated the suburbs where properties are more likely to see a price boost. "It's almost to the point where you can put your finger on a suburb and go, 'This is where there will be almost guaranteed exposure and demand'," he said. Mr Pirrone said he expects property investors will be interested in the suburbs benefiting from Olympic and Paralympic venues. Real Estate Institute of Queensland chief executive Antonia Mercorella said she's not surprised to see those ads popping up already. "Inevitably people will see this as a great marketing opportunity," she said. "Although we know that the games are still several years away, there is an assumption we will see property prices rise in those key locations." Ms Mercorella said impact on the housing market from previous Olympic Games had been a "mixed bag". "We believe it is likely that property prices will grow now, partly due to the Olympic games, but also because of other fundamentally important factors," she said. She said price growth was expected in regional Queensland as well — a part of the state that had already seen an 81 per cent growth in house prices since 2020. Ms Mercorella said, while investors might be attracted to properties in the suburbs slated for Olympic venues, the Games also represented an opportunity for first home buyers. "When we look at those suburbs, we know that many of the dwellings around there are apartments and units," she said. Concerns for renters Tenants Queensland chief executive Penny Carr said she was concerned about the impact the Olympics will have on renters. "We know that in those inner-city areas, there are actually very high proportions of renters, and they are really going to come under pressure going forward," she said. Ms Carr said measures that stop arbitrary evictions and limit rent increases could be necessary before the Games begin. "Otherwise, we will see people squeezed out of the market — people on low-incomes and even people who aren't doing so badly, but are paying higher rents," she said. It's all about the infrastructure In the three years following the 2000 Sydney Olympics, median house prices in suburbs near the new stadiums grew by more than 66 per cent. UQ finance professor Shaun Bond said it's hard to isolate how much of that price rise was due to the Games, as opposed to other factors. "In 2000 we saw both the property market and the general boom in the economy in the late 1990s," he said. Professor Bond said hosting the Olympic and Paralympic Games did not necessarily equate to higher property prices. "What it does do is signal to the world 'We are an international city and a popular region, we've got great universities and great natural amenities that are very attractive to people'," he said. Professor Bond said those factors, along with infrastructure upgrades, were more likely to support fairly strong house price growth over the medium to longer term. "So, the new stadium, that's going to be very attractive in terms of not just the Olympics but future events," he said. New rail lines and train stations, Brisbane bus corridors, upgrades to the Pacific Motorway, and faster rail from Brisbane to the Gold Coast were all part of the government's Olympics plan. "The Olympics and the Olympics timeline has focused policy makers and public and private investment to get things done, and that will help continue to bolster the appeal of Brisbane," Professor Bond said.