Up to 1,500 new homes will be developed following the release of two significant development opportunities at Northshore.
A site identified through the Queensland Government Land Audit will deliver Social and Affordable housing.
The dedicated Social and Affordable Housing on an 8,000 sqm site is expected to provide approximately 150 to 200 homes and will be supported by a Community Housing Provider.
The second opportunity is for a residential development, that includes a requirement for 5% affordable housing, on approximately 4.1ha of land, across three super lot development sites, which is expected to provide approximately 1,300 dwellings over the next decade.
Both developments will facilitate over $500 million of private sector investment and create around 1,450 construction jobs.
The development scheme offered can allow up to 143,886 sqm* of Gross Floor Area & up to 30 storeys. The landmark site sits adjacent to the Olympic & Paralympic Games Athletes Village precinct, and it is the last development opportunity being offered by the Queensland Government in Northshore prior to the Brisbane Olympic & Paralympic Games hosted in 2032.
The housing is expected to consist mainly of apartments, with the final makeup to be determined through the development approval.
To date, around 3,000 dwellings at Northshore have been delivered, and this land will continue to create more housing.
The Government is also supporting infrastructure in the precinct with a $180 million investment for the design and construction of a major roads project at Northshore.
Queensland Premier, Annastacia Palaszuczuk, commented on the Queensland Government's response to housing shortages, “Queensland and the whole nation are experiencing housing pressures. That’s why we held the Housing Summit and a key outcome has been the land audit."
“My Government is committed to unlocking more land to increase housing supply," added Palaszuczuk.
The land audit was a key commitment from the Queensland Government’s Housing Summit. Work is continuing with councils as well as community and faith-based organisations to identify underutilised land that could potentially be used for housing.
“The land audit is a great example of finding creative solutions to housing challenges," commented Queensland Deputy Premier, Steven Miles.
Miles added, “Up to 1,500 homes will equal a 50 per cent increase in homes in Northshore."
Currently, 17 sites are being invested for suitable delivery of housing.
