They are Queensland’s so-called “Olympic suburbs” where property prices are predicted to be supercharged in the wake of the world’s largest sporting event in 2032.

Within a year of the Olympic flame being extinguished, median house prices are forecast to push into the $1 million to $2 million range in many of the areas and, in some, rise well into the $2 million to $3 million realm—and potentially beyond.

But while a handful of the 14 key locations are already limbering up from a residential development perspective, in the other areas there are little or no preparations for a gold medal-winning run to capitalise on the expected price growth.