Greens leader Richard Di Natale and deputy leader Larissa Waters have issued a stern directive to the Queensland Government after meeting with Yuggera Ugarapul Traditional Owners at Deebing Creek mission near Ipswich on Tuesday.
Protestors are attempting to block the construction of 925 homes in the culturally significant area.
"It would be a desecration to demolish what is our shared history in order to line the [pockets] of an overseas developer," Mr Di Natale told media on Tuesday.
"State government should step in, they should tell the developers they’re not welcome here, and they should provide them with an alternative parcel of land."
The developer, Frasers Property, told the Queensland Times it would be open to discuss selling the land back to the state, but no offer has been made to date.
The state government has previously said it has no plans to buy back the land.
Queensland Greens senator, Larissa Waters, said the state Labor government would "cop the political consequences" if they failed to act.
"I think Labor would be foolish to get in the way of community sentiment," she said.
"They can fix this with the stroke of a pen. That is the right thing to do. And if they don’t, they will cop the political consequences and they will bear the shame of that decision.
"The almighty dollar should not trump Indigenous rights."
Yuggera Ugarapul Traditional Owners say they have opposed any development at the site from the beginning.