This research evaluated the impact of the Olympic Games on the host city's residential property market, both before and after the Games. Using a time series approach between 1990 and 2003, this paper examines various indicators to measure the effect of the 2000 Olympics on the Sydney property market. The research shows that although the Olympics were held for only ten days, its influence on the surrounding market in a direct and indirect manner was substantial. It appears that the lasting effect of the Games on the property market remained strongest in the general vicinity of the Olympic Village, and then gradually weakened over time in areas located further away from this precinct. It emphasised the role of urban planning both before and after the event, and how to use a major sporting event to gentrify a suburb.
Field of Research
120199 Architecture not elsewhere classified
Socio Economic Objective
970112 Expanding Knowledge in Built Environment and Design
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