About the project
The Bangs Street housing site was redeveloped to replace older style housing with 434 new homes that are bright, modern and energy efficient.
There are also vibrant new outdoor spaces with a 1500sqm park, gardens and pedestrian and cycling pathways to complement the local area.
The new 1, 2 and 3-bedroom homes are a mix of 228 social and 206 market rental homes, bringing a 90% uplift in social housing to the site.
Delivered through a first-of-its kind Ground Lease Model, Homes Victoria is leasing the land to not-for-profit project partner Building Communities to manage and maintain for the next 40 years, enabling all land to remain in public ownership.
Projects like this are helping to tackle housing affordability by delivering more secure rental housing options in the local area.
Project update
The Bangs Street housing development is now complete, providing high quality social and market rental homes for the Prahran community.
The builder ICON finished construction in early 2024 and residents have begun settling into their new homes, including residents who lived at Bangs Street prior to its redevelopment that we are thrilled to welcome back.
Homes Victoria will continue to own the land at Bangs Street, Prahran, but the site will be managed for the next 40-years by community housing provider, Community Housing Limited (CHL). CHL has an office at the site and will deliver tenancy management services, community building programs, on-site maintenance and more. This will ensure Bangs Street residents feel part of a strong, connected community for many years to come.
If you’re in the neighbourhood, keep a look out for regular news updates from CHL about what’s happening at the site.
Fast facts
The Bangs Street, Prahran redevelopment has delivered 434 new homes comprising 228 social and 206 market rental homes, including 1, 2, and 3 bedrooms.
Located just 5km from Melbourne’s CBD in the City of Stonnington, the Bangs Street, Prahran housing site is ideally positioned near schools, transport, jobs, community services, shopping precincts and local destinations including Prahran Aquatic Centre and Chapel Street.
All new homes are more comfortable and less expensive to heat and cool with a 5-star Green Star energy rating, and 7-star NatHERS average rating.
The redevelopment includes safe and publicly accessible open and green spaces, including an upgraded 1,500sqm park, between Bangs Street and Bendigo Street.
New homes at Bangs Street include housing that is designed to be accessible to people with a disability.
Bangs Street now has better pedestrian connections through the site and to the surrounding neighbourhood.
Project timeline
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Early works completed
October 2021
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Construction works commenced
February 2022
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Project completed
Early 2024
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Residents move into their new homes
Early 2024
Fact sheet
Contact us
Email icon:For general enquiries about this project please contact the team at Community Housing Limited (CHL) on 1300 245 468 or email prahran@chl.org.au