A Rolling Stones-quoting commissioner has thrown out an application by Fortis to develop two luxury towers in inner-eastern Sydney, saying a reduction in housing that would result from the $230 million project went against a zoning goal of meeting community housing needs.

Land and Environment Court commissioner Peter Walsh on Thursday quoted the 1969 hit You Can’t Always Get What You Want in finding that Fortis’ planned Elizabeth Bay development would cut the number of affordably priced homes in the Sydney suburb.