High-Density Development in Brighton and Hampton: What It Means for Property Owners

The State Government’s recent unveiling of high-density activity centres for areas like Brighton and Hampton – allowing apartment buildings up to 16 levels – has understandably caused nerves and anger among residents. For many, it feels like the “Gold Coast-ification” of our Bayside suburbs.

While the government is seeking feedback from the community, it remains to be seen whether concerns will be taken seriously, especially after previous protests and objections have been overlooked.

Understandably we’ve had a number of property owners pose the question: what should they do, and when?

This type of development will undoubtedly change the landscape of these prestigious suburbs. The introduction of high-rise towers is likely to affect:

• Light and privacy: Tall buildings can cast shadows and overlook backyards, impacting the enjoyment and value of nearby homes.
• Traffic and congestion: Increased density will put more pressure on already busy streets.
• Property values: Homes near high-rises may be less appealing to buyers, particularly for premium properties. No one wants to purchase an $8 million-plus home with a tower looming in the backyard.

While Melbourne needs more affordable housing and higher density to accommodate a growing population, the reality is that developers still expect certain yields and investors anticipate rental returns. It’s unlikely these towers will fully solve the affordability issue. Instead, they may create a mix of challenges for existing homeowners.

Our advice is to look closely at the plans to understand how you will be impacted. It targets busier roads and station areas – think Church St, New St, Bay St and Hampton St. For multi-million-dollar home owners in these areas there may be some wisdom in considering a move sooner rather than later if you are to be impacted by high rises from a light or privacy perspective.