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Bangs Street, Prahran

About the project

The Bangs Street housing development is now complete and providing high quality social and market rental homes for the Prahran community.

The 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 1500sq m 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, with Specialist Disability Accommodation homes, bringing a 90% uplift in social housing at 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.

Feedback from the Stonnington community has helped shape the design and delivery of the Bangs Street development, and we would like to thank the local community for their support.

Construction finished in early 2024 and residents have begun settling into their new homes, including a number of returning renters who lived at Bangs Street prior to its redevelopment and we are thrilled to welcome back.

Community Housing Limited (CHL) are now based at the site delivering tenancy management services, community building programs, as well as site maintenance.

This will ensure Bangs Street residents feel part of a strong, connected community for many years to come.

Key features

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Homes: 434 new homes comprising 228 social and 206 market rental homes, including 1, 2, and 3 bedrooms.

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Location: 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.

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Apartment features: Modern and energy efficient, 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.

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Precinct features: Safe and publicly accessible open and green spaces, including an upgraded 1,500sqm park, between Bangs Street and Bendigo Street.

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Accessibility: At least 5% of the new social housing will be designed to be accessible to people with a disability.

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Getting around: Better pedestrian connections through the site and to the surrounding neighbourhood

Frequently Asked Questions

Under a Ground Lease Model Homes Victoria leases land to a project partner to finance, design, build, manage and maintain  housing for a 40 year leasing period, enabling all land to remain in public ownership. This means there is no sale of public land. The Ground Lease Model project at Bangs Street, Prahran is one of the first of its kind in Australia. Find out more about the Ground Lease Model here. 

Not-for-Profit housing organisation Community Housing Victoria Limited (CHVL) has been appointed by Building Communities to provide on-site management of the Bangs Street, Prahran site over a 40-year term. As well as managing tenancies and carrying out maintenance work, they will help activate the site with community-led initiatives and events to provide more opportunities for residents and neighbours to come together. 

Previous residents of the Bangs Street housing site will have a right to return to once the redevelopment is complete. Social housing at the Bangs Street, Prahran site, is allocated through the Victorian Housing Register. Social housing is allocated through the Victorian Housing Register. Find out more about How to apply for social housing here

Market rental homes will be advertised through standard advertising channels including Realestate.com.au. 

Bangs Street, Prahran was chosen for redevelopment to respond to demand for secure rental homes in the Stonnington area. The new homes at the site replace social homes that were no longer fit for purpose, with an increased supply of social and market rental homes that will meet the needs of the local community for generations to come. 

We are on track to deliver two more Ground Lease Model projects. You can read more about these projects here: 

Project timeline

  • Early works completed

    October 2021

  • Construction works commenced

    February 2022

  • Project completed

    Early 2024

  • Residents move into their new homes

    Early 2024

Key documents

Contact us

Email icon:

For general enquiries about this project please contact Homes Victoria - prahran@homes.vic.gov.au
For housing and tenancy enquiries at this site, please contact Community Housing Limited glmenquiries@chl.org.au

Phone icon:

Community Housing Limited: 1300 245 468
Homes Victoria: (03) 9389 3619

For languages other than English, please call: 131 450.