Terrace was founded in 1875 as both a day school and a boarding school. The original colours for the school were
Navy Blue and White, adopted from the Congregational Crest of the Christian Brothers. In 1891 the boarding school was moved to Nudgee and in time became what is now
Nudgee College, the boarding school adopted colours of
Royal Blue and White. The original Gregory Terrace Navy and White rugby jersey was adopted by the
Brothers Old Boys Rugby Club upon formation in 1905 and is still worn by them today. The schools both competed in the famous "Butchers' Stripes" in different shades of blue until 1923 when it was suggested by the newly appointed Gregory Terrace Headmaster, Brother Reidy that, even though the Terrace Navy Blue was close to black, one of the schools change their White to Red for easier recognition on the rugby field. At the time the Christian Brothers were changing their Motto and Crest and Brother Reidy decided to change the Terrace colours to Black and Red at the same time the crest changed.
2011 Brisbane floods During the
January floods, St Joseph's College, Gregory Terrace had their playing fields at Tennyson, inundated with toxic waste and water from the nearby Rocklea Fruit Market. No sports were able to be played at Tennyson during the 2011 school year and a massive refurbishment and rebuild involved the canteen and Boatshed, the iconic Grandstand was destroyed. Soil and turf were removed and completely relaid due to foul nature of the debris. During 2011 Terrace played only one home game, at
Brisbane Grammar Schools playing fields at Northgate, which was very kindly lent for the day, all other games were played at the opposing school's facilities. Tennyson reopened in 2012 and they have completed the building of a new grandstand and player facilities. == Extracurricular activities ==