Buyers lock down prime Olympic base

Liezel and Pieter Le Roux hope to be well and truly settled into their Kangaroo Point apartment by the time the 2032 Olympics come to Brisbane.

The couple recently locked down an apartment in a boutique development due to be completed mid-2027.

“We own a house in Ascot, but we knew later on we would definitely want to downsize and have that apartment living,” Mrs Le Roux.

“Price growth is happening so quickly now, especially in Brisbane, you just need to get in and buy.”

Mrs Le Roux said when she and Mr Le Roux came across the 130 Lambert development, they knew it was perfect for them.

“We decided to buy off the plan to secure our future home at today’s price, especially with the growth coming over the next few years with the Olympics,” she said.

“I like the fact it’s a small boutique building – there’s only 36 residences – as I didn’t want to retire in a big building with thousands of units.

“Our apartment is huge, occupying half a floor, and it has river views.

“The building has beautiful amenities, like a rooftop pool and entertaining area, and what is also very attractive, is that it’s mainly owner-occupiers (buying into the development).”

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Liezel Le Roux is excited to be buying into Kangaroo Point ahead of the 2023 Olympic Games and the expected home price growth. Picture: Nigel Hallett

Mrs Le Roux said she was shocked there was still such a prime piece of land available for development in Kangaroo Point.

“It’s unique to have this style of building coming up,” she said.

“There’s so little like this available lately – you have to start moving out of the city to find them.

“We like that Kangaroo Point is so central, especially with the new walking bridge.

“You don’t need a car – you can just walk into the city.”

Mrs Le Roux said part of the reason she and her husband chose to buy their next property in Brisbane was the Olympics.

The enviable weather played a part, too.

“I’m so excited for the Olympics,” she said.

“I’ll try to get tickets to whatever I can.

“It will be good to be in this city where it’s all going to happen and hopefully we’ll see more things life restaurants and cafes coming to the city.

“Then, if we don’t want apartment living, we can sell after the price growth from the Olympics.”

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