Bangs Street, Prahran

The Bangs Street redevelopment project delivered 434 new homes, including 228 social homes and 206 market rental homes. These homes have a mix of one, 2-, and 3 Bedrooms to meet the needs of different families and households including people on the Victorian Housing Register. 

In addition to the new homes, the project also delivered     new indoor and outdoor spaces for residents and the local community to enjoy. 

We consulted the Prahran community for the first time on their vision for the future of the Bangs Street site in 2011 and throughout the development of a master plan for the site. We established a Community Committee in 2018 to seek input from the local community on the plans for the site and to identify and resolve any local issues.

In 2021, we invited the community to view and provide feedback on the proposed development plans for the new homes at Bangs Street, and this input helped shape the final project. 

For more information about how we engged the community for this project, please visit our Engage Victoria website. 

Yes. The new homes at the site are all electric with a 5-star Green Star rating, and 7-star NatHERS average rating. This will make them easier to heat and cool all year round.

Social housing  

Social housing is an umbrella term that includes both public housing and community housing. It is available to eligible people on the Victorian Housing Register.   

Public housing  

Public housing is owned and managed by Homes Victoria. The state government provides public housing to eligible Victorians including:  

• people who are unemployed  
• people on low incomes  
• people living with a disability or a mental illness or who are at risk of homelessness  
• people escaping family violence.  

Community housing  

Community housing is managed by community housing organisations.   

Community housing organisations are highly regulated, not-for-profit housing providers that specialise in housing a diverse range of renters.   

Market housing  

Market housing refers to homes that are available for rent at prices set by the current housing market. These homes are not government subsidised.   

The cost of market housing depends on factors like where they are located, how many people want them, and their quality, and features. 

A Ground Lease Model is a partnership approach to delivering social housing. Under the model,  Homes Victoria leases land to a consortium to finance, plan, build, manage and maintain housing for a 40 year period. After the 40 years, the land and all homes is returned to public ownership. This means there is no sale of public land.

Building Communities is a not-for-profit consortium that Homes Victoria appointed to deliver new homes at the Bangs Street, Prahran housing site. 

The Building Communities consortium includes ICON as the builder, and Community Housing (Vic) Limited as the community housing provider.