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Queensland Puts Visy Riverfront Site to Market for 4,000-Home Mixed-Use Precinct

Economic Development Queensland will shortlist private bids following the decision to replace the Olympic broadcast-centre plan with a high-density redevelopment.

Overview

  • The state called for proposals on Friday to transform the 7.1-hectare Montague Road site in South Brisbane into a new riverfront precinct.
  • Government renders show high-rise towers, parkland, promenades and a pool, with construction flagged to begin as early as March 2027.
  • A renewed temporary planning instrument permits building heights up to Brisbane’s 274-metre aviation limit and streamlines approvals.
  • Premier David Crisafulli and Lord Mayor Adrian Schrinner endorsed the pivot after GIICA’s 100-day review raised cost and feasibility concerns about the broadcast centre.
  • Greens councillor Trina Massey and local groups criticize perceived privatisation and highlight flood risk on the partially flood-prone site, with planners and insurers questioning safety and costs.