BULIMBA BARRACKS SITE SOLD TO BOOST HOUSING SUPPLY FOR INNER BRISBANE

A prime development site on the banks of the Brisbane River has been sold, with developer Shayher Group acquiring the previously Defence-owned land for a proposed housing development.

Minister for Defence Industry, the Hon Melissa Price MP, and Minister for Housing, the Hon Michael Sukkar MP, announced the $63 million settlement of Bulimba Barracks had occurred earlier today.

“This represents the Morrison Government’s ongoing commitment to unlock surplus Commonwealth land for alternative uses, including housing,” Minister Price said.

“The sale of Bulimba Barracks will unlock the potential of the site to deliver environmental, community amenity, heritage and housing supply outcomes.”

Minister Sukkar said the Commonwealth Government was leading by example and unlocking land to increase housing supply.

“While the states and territories have far greater land holdings that can be opened up for development, we are committed to releasing suitable Commonwealth land, including defence land, for private housing development,” Minister Sukkar said.

“The sale of the Bulimba Barracks site has the potential to unlock the development of up to 800 new dwellings near the heart of the Brisbane.”

“I look forward to the Shayher Group, an experienced developer, now working with the Brisbane City Council to progress a detailed planning proposal.”

The detailed planning proposal will include community consultation and a remediation action plan for approval by an auditor accredited by the Queensland Department of Environment and Science.