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Montague Road precinct render at dusk showing multi-level buildings, landscaped green spaces and open areas with people dining and walking along pathways

Montague Road precinct to unlock more than 4,000 homes

Housing supply June 25, 2026

More than 4,000 homes for around 7,600 Queenslanders are set to be delivered at the former Visy site in South Brisbane, with Economic Development Queensland (EDQ) announcing Lendlease as the successful proponent to transform one of Brisbane’s last major riverfront development sites.

The Montague Road precinct forms part of the Land Activation Program (LAP), which is unlocking well-located, underutilised government-owned land to accelerate housing delivery and support South East Queensland’s growing population.

Transforming a well-located inner-city site

Located on a 7.1ha riverfront site just 1.3km from the Brisbane CBD, the government-owned former Visy site is one of Brisbane’s most significant urban renewal opportunities.

Lendlease will progress plans for a world-class mixed-use precinct with the potential to deliver 4,034 homes for around 7,600 Queenslanders.

Stage 1, which includes 796 homes alongside 1.2ha of activated public realm and riverfront open space, is targeted for delivery by 2031, ahead of the Brisbane 2032 Olympic and Paralympic Games.

The precinct will transform a previously inaccessible stretch of industrial riverfront into a new civic destination, supporting a continuous riverfront connection linking the Brisbane CBD, South Bank and West End.

It will feature riverfront promenades and boardwalks, civic plazas and amphitheatre-style spaces, parkland, lawns and landscaped areas, shared pedestrian and cycling connections and opportunities for waterfront activation.

Montague Road precinct render showing multi-level buildings, landscaped green spaces and open areas with people dining and walking along pathways
Montague Road precinct – Visuals for illustration purposes only.
Montague Road precinct render showing multi-level buildings, landscaped green spaces and open areas
Image credit: Lendlease

Creating jobs during construction and beyond

The project is expected to support approximately 2,100 jobs per year during construction, including direct and indirect jobs, and around 1,000 ongoing jobs once complete.

With strong access to public transport, employment hubs and key services, the precinct will deliver more homes close to where people work, travel and connect.

Montague Road precinct render at dusk showing multi-level buildings, landscaped green spaces and open areas with people dining and walking along pathways
Watch the video Lendlease Montague Road precinct flythrough

Supporting housing supply through the Land Activation Program

The Montague Road precinct is one of several sites being progressed through the Land Activation Program, which focuses on unlocking underutilised government-owned sites for housing across Queensland.

By bringing sites like Montague Road to market, the program is creating development-ready opportunities for industry and enabling EDQ to bring new homes to market sooner.

The precinct also provides an opportunity to integrate with the neighbouring former Parmalat site, supporting coordinated planning outcomes across a key section of Brisbane’s riverfront.

The Montague Road precinct forms part of the Land Activation Program (SEQ Tranche 1) Provisional Priority Development Area, declared in May 2026 to support coordinated planning and accelerate housing delivery.

As Development Assessment Manager, EDQ will assess the development application, including infrastructure requirements and site-specific technical considerations.

The site is expected to be available for redevelopment from April 2027.

Following public notification in June 2026, Lendlease will undertake community consultation on its proposed masterplan in early 2027.

Learn more about the development and stay up to date on the Montague Road precinct have your say page.

Last updated: 26 June 2026
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Economic Development Queensland
EDQ Customer Portal
Submit applications
Forms
  • Land for sale
    • Land for sale
    • Developments
    • PDAs and developments map
  • Applications & approvals
    • Applications and approvals
      • Customer Portal FAQs
    • Development assessment
      • Development assessment process
      • Certification process
      • Assessment fees
      • Vegetation management
      • How to make a submission
      • Resources
    • Infrastructure planning and funding
      • Infrastructure charges policies
      • Historic infrastructure charges policies
      • Apply to claim an infrastructure offset
      • Grants and loans
  • Partner with us
    • Partner with us
    • Land Activation Program
    • Infrastructure Activation Fund
  • Priority Development Areas
    • Priority Development Areas
    • About Priority Development Areas
    • PDA-associated development
    • How to make a submission
    • Historic PDA documents
    • Revoked PDAs
    • PDAs and developments map
  • About
    • About overview
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