• A new urban renewal precinct on Brisbane’s southside is under construction.
• There will be 281 homes in a new community, including social and affordable housing, townhomes and retirement living apartments at Parkside Yeronga.

Construction is underway on a major urban renewal precinct that will deliver more housing supply on a disused former TAFE College site.

Parkside Yeronga is a master planned community within the Yeronga Priority Development Area (PDA).

The 3.1-hectare site is a mixed use precinct including a variety of residential options, commercial space, small-scale retail, a community center and public spaces.

A total of 281 homes will be delivered including 169-apartment retirement living facility, 37 custom designed town homes, 75 social and affordable units and over 4000 square metres of open space areas.

To enable this mixed-use development, including the delivery of the Yeronga Community Centre, the Palaszczuk Government is investing more than of $40 million in the preparation of the site.

Economic Development Queensland is leading a public-private consortium, Yeronga Heart which is delivering the homes and comprises JGL Properties, Brisbane Housing Company and Retire Australia.

Parkside Yeronga is attracting around $185 million in private sector investment and creating an estimated 532 construction jobs over four years.

Quotes attributable to Premier Annastacia Palaszczuk:

“Parkside Yeronga will be home to hundreds of Queenslanders,” the Premier said.

“This development is great example of the private sector and government working together to deliver a range of housing options including private housing, social housing and retirement living.

“My government is committed to doing everything we can to help address the national housing shortages being felt in Queensland.

“Since 2015, we have constructed more than 4,300 social homes and we plan to deliver thousands more.”

Quotes attributable to Deputy Premier Steven Miles:

“Parkside Yeronga is a great example of how we’re activating under-utilised urban land to deliver more homes for Queenslanders.

“Not only will this partnership deliver over 280 new homes, it will also be a great place to live and raise a family with open green space and a community centre.

“In addition to the housing supply benefits, this project will attract around $180 million of private sector investment over the next four years, which is great for the economy.”

Quotes attributable to Minister for Housing Meaghan Scanlon:

“The Palaszczuk Government is investing a record $3.9 billion in more social and affordable housing to help house vulnerable Queenslanders sooner.

“We’re also working with the private sector, like here at Parkside Yeronga, to encourage the delivery of more housing supply in addition to social housing.

“We are working with community, industry and government to ensure Queenslanders have a place to call home.”

Quotes attributable to Yeronga Heart Director, Bill Bennett

“Economic Development Queensland and Yeronga Heart are working together to deliver the new community envisaged in the Parkside Yeronga Master Plan.

“The consortium is investing $185 million in this project to build well-designed, innovative and affordable housing choices that suit a suburban site located only six kilometres from the CBD.

“Parkside Yeronga will address the area’s growing housing needs, with housing choices ranging from affordable units, terrace homes suitable for a family, to independent retirement apartments with onsite care.

“Future residents will benefit from established road and public transport access as well as new facilities within the precinct.”

Further information:

See more information about Parkside Yeronga and the Yeronga Priority Development Area.

ENDS

Media contact: Emilia Hutchinson (Deputy Premier’s office) - 0437 060 435