Stonnington
| Housing target: | 2,700 homes/year |
| Total housing capacity: | 537,200 |
| Land to build new housing: | 660 MCGs |
More homes in Stonnington
The answer to the housing supply shortage will not be found in a handful of designated activity centres and precincts. Stonnington needs to do its bit by delivering beautiful mid-rise homes near every one of its public transit stops.
Through broad transit-oriented upzoning and development, Stonnington can deliver housing abundance and provide more housing choices to all current and future residents across the entirety of the city. This will fulfil the original goal of Plan Melbourne creating a vast array of 20-minute neighbourhoods, rather than a small number of scattered activity centres.
In Stonnington missing middle upzoning will have the following effect:
| Height | Number of lots upzoned |
|---|---|
| 6 storeys | 24,248 |
| 4 storeys | 505 |
| 3 storeys | 180 |
| Total | 24,933 |
Broad upzoning is needed across existing suburbs so that there is more land available to build homes for our children to live in. If only a few select areas are rezoned, then developers will be able to buy up that land and withhold supply. Broad upzoning of land across inner-Melbourne removes any power developers may have to speculate, and lowers housing costs for all.
Housing targets
Even though there are 537,200 total possible units that could be built in Stonnington, it’s impossible for them to be built all at once. It is also not reasonable to assume that all possible units will ever be built, which is why excess zoned capacity is important.
For each lot in Stonnington, we calculated whether it would be profitable to build housing under upzoning. We estimate that there are 482,000 viable units that could be built in Stonnington.
Based off our data, in order to contribute its fair share to the the statewide target of 80,000 new homes per year, Stonnington must build 2,700 units per year.1
1 This target should be fulfilled in addition to any construction taking place as a result of any further up-zoning, such as for Suburban Rail Loop Precincts.
Planning barriers
Stonnington has been building housing, but cannot rest on its laurels. While there has been some housing construction, the total number of homes is struggling to keep up with Melbourne’s evolving housing needs.
The biggest thing holding back Stonnington is restrictive zoning. Here is the current zoning map for Stonnington: