The Queensland Government has put aside $500 million for two new high schools in Brisbane.

The government says Fortitude Valley State School in inner-city Brisbane will become a high-rise secondary school in partnership with the Queensland University of Technology, while an entirely new school will be built in the city's inner-south in conjunction with the University of Queensland, adding to the catchment of Brisbane State High School.

Its $500 million Building Future Schools Fund will also fund planning for future schools in Townsville, the Sunshine Coast and the Ipswich-Brisbane corridor, and the acquisition of another block of land to expand the West End State School.

Premier Annastacia Palaszczuk said the influx of people living in high-density inner-city apartments require new schools, with the two new high schools each catering for up to 1,500 students.

“For example, the Fortitude Valley State School — the old one — which the LNP wanted to sell off and I've kept that in public hands and now turning it into a state-of-the-art, public state-owned high school of excellence to partner with QUT — should be completed by 2020,” she said.

Ms Palaszczuk said the State Government would invest wherever it is needed most across Queensland.

“We want every child to benefit from a quality education no matter where they live,” she said.

“That's why we are investing $500 million over five years to help deliver world class education facilities where they are needed most.”

Education Minister Kate Jones said the State Government was delivering a record investment.

“We have already built a new special school in Cairns and opened three new schools this year - Bellbird Park State Secondary College, Pumicestone State School and Fernbrooke State School,” she said.

There are also plans for new high schools in Mount Low in Townsville, North Lakes-Mango Hill north of Brisbane, Calliope near Gladstone, and Yarrabilba in South Logan.