Looking for an affordable home? Inner-Brisbane living looks set to become a lot more affordable with the State Government's recently announced plans to redevelop more than 400ha in Bowen Hills and Northshore Hamilton.
The two sites have been declared Urban Development Areas, which will see red tape cut, reducing the cost to industry of delivering housing.
Premier Anna Bligh said she believed the declaration was a significant step towards getting land and housing onto the market quickly.
"Queensland's toughest challenge in housing affordability is the lack of supply and these new areas will deliver housing for more than 30,000 Queenslanders," Ms Bligh said.
"The Urban Land Development Authority (ULDA) will plan, manage and deliver these strategic sites to the market.
Housing for more than 30,000 Queenslanders."We expect to see these savings passed on to home buyers, who will now have greater housing choices close to employment and transport."
Brisbane's commercial sector will also benefit, with 300,000 square metres of office space predicted to be built in Bowen Hills alone.
Ms Bligh said development activity was expected to begin on the sites within a year.
"This will change Queensland's urban areas for the better and create world-class urban areas for future generations," she said.
Deputy Premier and Minister for Infrastructure and Planning Paul Lucas said the two development areas will act as congestion busters, by focusing on public transport for residents and workers.
"The 108ha Bowen Hills site will be centred around a new, signature Bowen Hills railway station and bus exchange, as well as featuring high-quality public spaces," he said.
"Northshore Hamilton is ideally located to benefit from an extension to City Cat services. I am also very keen to investigate extending the Doomben rail line into the development.
"The Northshore site will give the river back to the people, by turning old port buildings into a place to enjoy a walk next to the water."
