Residential buildings are visible in the Brisbane suburb of South Brisbane (Source: AAP Image/Darren England)

Queenslanders will soon have access to more social and affordable housing, but those interested in buying will have to wait at least two years.

A further 152 one, two and three-bedroom apartments will be built in Carseldine, in Brisbane’s north, to meet the needs of residents on a tighter budget.

The cost of building these units will be $87 million, and their completion is scheduled for 2026.

“We are sending a signal to the rest of the housing market … this is what the homes and urban renewal projects of the future should look like,” Premier Steven Miles told reporters on Wednesday.

The announcement concerns the expansion of the existing complex of social and community housing in this area.

Once all five phases are completed, Carseldine Village will feature more than 600 residential units, as well as green areas, a supermarket, specialist shops and restaurants.

The district is also close to schools, a swimming pool and a train station.

“We need affordable housing in Brisbane. We can either let them live halfway to Gympie, in a kind of endless urban sprawl, or we can put them near train stations, where people want to live,” said Transport Minister and local MP Bart Mellish.

Carseldine Village resident Dino Sakhla praised the council for the neighbourhood and the community it has created.

“We have a very vibrant community. We have multicultural people living here, a lot of young families coming here,” he told reporters.

“When these things are built, more families from (different) social backgrounds will come together.”

Queensland house prices have soared in recent months, with Brisbane becoming the second most expensive city in Australia to buy a home.

The affordability of social housing has become a key election battleground, with the Miles government promising 53,500 social housing units by 2046.

The Liberal National Party has also made election commitments on social housing, promising to deliver the same amount of social housing as Labor but two years sooner.

The opposition has also pledged to allow building permits for social housing on land designated for religious development, potentially allowing 10,000 properties to be built by 2044.

The LNP is leading in the polls and is expected to win the October 26 election, which would see Labor reject a three-term mandate.