Olympic Games: 'poorly spent money' delivers property price spikes
Whether regarded as a wise or woeful use of public money, the Olympic Games of this millennium have generally delivered higher property prices for host cities and Brisbane is likely no exception.
The Gabba stadium is set to welcome Brisbane Olympics summer games in 2032 (Image source: Shutterstock.com)
Let me state from they get go, that I believe that hosting events like the Commonwealth Games, and especially the Olympics, is money poorly spent.
Despite the spruiking, there is little real evidence that the investment delivers a lasting positive impact, particularly when it comes to branding, sporting participation and improved infrastructure.
The vast sums of money would be far more effectively invested if it went towards housing, health, ur…
