CAPALABA State College students will benefit from extra funding after the long-running Chandler Markets will move 6km south to the school grounds next month.
The market was forced to find a new home before its lease at the Sleeman Sports Complex ends this month and to make way for a velodrome for the 2018 Commonwealth Games.
College senior campus principal Lachlan Thatcher said the school would use rent from stallholders to pay for equipment or programs not covered under state budget funding.
"The money will go to the school's Extended Learners Fund, designed to help students develop talents in academia, sport and music," he said.
"It will put the school on the map and also draw a lot of people into Redlands each Sunday - so it's a win-win situation."
He said the school would build a 400-bay car park, in addition to the 50 bays already at the school and reassured neighbours cars would not be parking on the street.
The markets will replace the Annual Swap Meet, which will no longer be held on the college grounds.
Mayor Karen Williams told the school the markets were looking for a new home and brought the two organisations together.
Market operator Cheryl Fairbairn said the new venue would breathe life into the weekly markets which had grown to 350 stallholders.
Mrs Fairbairn said she hoped the new venue would attract new people and more food vendors.
It will also start at the new time of 7am, an hour later than when it was at Chandler.
The first market at the new Capalaba site at School Rd, Capalaba, will be on Sunday, September 7.