Brisbane City Council's proposed plan to develop South Brisbane that includes allowing buildings 12 storeys high was welcomed by the Property Council of Australia.

Under the revised South Brisbane Riverside Neighbourhood Plan, the South Brisbane riverside area near Davies Park could get a new school and restrict building heights of up to a dozen storeys to blocks of at least one hectare . Brisbane City Council has approved a revised draft of the plan, which was supported by three quarters of 293 respondents, at the latest Council meeting.

The draft plan for up to 12 storeys in the riverside area south of Davies Park was reduced to 7 storeys by State Infrastructure and Planning Minister Stirling Hinchliffe in August when he claimed there were insufficient education facilities in the area.

In response to the government's decision to reduce possible building heights in the South Brisbane area, the Property Council said that the decision directly conflicted with the intent of the government's own South East Queensland Regional Plan and would negatively impact landholders in the area. The plan, produced by the government stipulates that the Brisbane City Council area will need to accommodate an additional 138,000 dwellings through infill development. This will mean an additional 138,000 apartments and townhouses in already developed areas.

It is an area nearby the business district with access to high quality public transport including the region's only high frequency 24 hour bus service. Moreover, there is still a sizable supply of light industrial and commercial land that is located nearby Brisbane's best open spaces.