A NEW urban renewal precinct on Brisbane’s southside is now under construction, with the Parkside Yeronga master planned community set to provide 281 new homes.
Works are now underway at the disused 3.1-hectare former TAFE College site, within the Yeronga Priority Development Area (PDA), which will include a range of residential options, commercial space, small-scale retail, a community centre and public spaces.
The 281 residences will include a 169-apartment retirement living facility, 37 custom designed town houses, 75 social and affordable units and more than 4,000sqm of open space areas.
“Parkside Yeronga will be home to hundreds of Queenslanders. 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,” said Annastacia Palaszczuk, premier.
“My government is committed to doing everything we can to help address the national housing shortages being felt in Queensland.”
The Queensland government recently bought two retirement villages in Windsor and Toowoomba – both selling for circa $10 million – that it will use to meet social housing demands.
With the Queensland government having engaged the Australian Housing and Urban Research Institute to develop a model to predict future supply and demand for housing in the sunshine state.
Parkside Yeronga has attracted around $185 million in private sector investment and will create around 532 construction jobs over four years.
“Parkside Yeronga is a great example of how we’re activating under-utilised urban land to deliver more homes for Queenslanders,” said Steven Miles, deputy premier.
“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.”
The Queensland government is also investing more than of $40 million in the preparation of the site.
“The Palaszczuk Government is investing a record $3.9 billion in more social and affordable housing to help house vulnerable Queenslanders sooner,” said Meaghan Scanlon, minister for housing.
“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.”
With Economic Development Queensland leading Yeronga Heart, a public-private consortium, which is delivering the homes and comprises JGL Properties, Brisbane Housing Company and Retire Australia.
“Economic Development Queensland and Yeronga Heart are working together to deliver the new community envisaged in the Parkside Yeronga Master Plan,” said Bill Bennet, director at Yeronga Heart.
“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.”
