Oakover Road, Preston

Homes Victoria in partnership with MAB Corporation delivered 99 social and 78 market apartments at the site. The remaining 119 market homes are expected to be completed by late 2025. 
 
The new homes include a mix of one-, 2-, and 3- and 4-bedrooms to meet the needs of different families and households.  

The new homes feature:   

• Energy-efficient design to minimise heating and cooling costs.  
• Disability Discrimination Act (DDA) compliant homes with accessibility features to meet the needs of people with a disability.  
• A unique art gallery for both residents and the wider community to enjoy.  
• Communal rooftop lounge, garden area and barbeque facilities for residents to gather, socialise and unwind.  

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. Typically, community housing rents are calculated as 25 – 30% of the household’s income, whereas public housing rents are set at 25% of the household’s income.    

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 purchase or 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.  

Community engagement has been an important element of this housing project. Homes Victoria previously established a Community Consultative Committee that brought together key stakeholders and members of the Preston community to provide advice on the plans to redevelop the Oakover Road site.

 The Preston Community Consultative Committee has closed. We would like to thank Committee members who were involved in the Preston Community Consultative Committee over a number of years.