Premier Tower
134-160 Spencer Street, Melbourne VIC 3000
- 246 m tall · #7 in Melbourne
- 78 floors
- 795 homes
- 160 hotel rooms
- 2 businesses
- 147 car spaces
What's available here Add a listing link
| Looking to | In this building | Area guide | Search the building |
|---|---|---|---|
| Buy | — | Unit median $545,000 | realestate.com.au ↗domain.com.au ↗ |
| Rent | — | 1-bed median $560/wk | realestate.com.au ↗domain.com.au ↗ |
| Lease space | — | — | realcommercial.com.au ↗commercialrealestate.com.au ↗ |
| Book a stay | — | — | booking.com ↗expedia.com.au ↗ |
Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.
5 years standing
Built in 3 yrs 8 mths
- 2014Planning application
- May 2017Construction started
- 2021Completed
- TodayStill standing
34 building permits · 3 news storiesFull timeline ↓
About Premier Tower
Premier Tower is an apartment tower in the Melbourne CBD with 78 floors above ground and 795 homes, ranked number 7 of 1586 buildings in the city by measured roof height. It was developed by Fragrance Group, designed by Elenberg Fraser and built by Brookfield Multiplex, and completed in 2021.
At a glance
Key facts
- Building type
- 🏬 Mixed use
- Completed
- 2021
- Construction started
- 2017 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Height
- 246 m Unconfirmed ?We don't have data to 100% confirm this data point as yet.
#7 of 1596 in Melbourne - Floors
- 78
- Footprint
- 1,772 m²
- Homes
- 795
- Architect
- Elenberg Fraser
- Builder
- Brookfield Multiplex
- Hotel rooms
- 160
- Businesses
- 2
- Car spaces
- 147
- Strata plan
- PS739447 · 796 lots
- Planning zone
- CCZ1
- Permits on record
- 34
Score cards
Southern Cross Station 2 min walk · 7 tram stops within 400 m
62 cafés, 6 grocers, 3 medical within 250 m
59 street trees within 150 m · park 324 m away
11,574 people pass daily nearby · 17 licensed venues within 200 m
Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.
Apartments
From the council's development record, so the built numbers may differ a little.
🚗 127 residential car spaces recorded at this property, about 0.2 per home. Which apartments have a space isn't recorded, so check the listing.
City of Melbourne Development Activity Monitor and off-street car parks, CC BY 4.0.
The building team
The people and companies behind the design, construction and management of Premier Tower.
Location & neighbourhood
Getting around
Train station2 min · 138 m
Train station2 min · 165 m
Tram stop1 min · 47 m
Tram stop1 min · 72 m
Tram stop1 min · 105 m
Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.
Within a 3-minute walk
Who lives in Melbourne (CBD)
ABS Census 2016 via City of Melbourne (CC BY).
Prices and rents around here
Suburb and area medians, not this building's prices.
Prices: Victorian Property Sales Report, © State of Victoria (Department of Transport and Planning), CC BY 4.0.
Median weekly rents for new leases, CBD-St Kilda Rd
| Apartment | Median rent | Change in a year | Trend since Mar 2016 | New leases |
|---|---|---|---|---|
| 1 bedroom | $560/wk | +1.8% | 6,274 in the year to Sep 2025 | |
| 2 bedroom | $735/wk | +2.1% | 6,605 in the year to Sep 2025 | |
| 3 bedroom | $1050/wk | -4.5% | 737 in the year to Sep 2025 |
Source: Homes Victoria Rental Report, CC BY 4.0. Area medians, not this building's rents.
Businesses in Premier Tower
2 businesses recorded in the City of Melbourne's latest business census.
Miss Mi
Movenpick Hotel Melbourne On Spencer
Looking for space in Premier Tower?
Timeline
Everything that has happened at Premier Tower: listings, news, works, planning and history.
Planning & heritage
Planning controls
DDO1Design and Development Overlay: limits on building height, setbacks and designDDO10Design and Development Overlay: limits on building height, setbacks and designDDO12Design and Development Overlay: limits on building height, setbacks and designPO1Parking Overlay: controls on how much car parking new development can provideSCO41Specific Controls Overlay: site-specific planning rules, often for a major projectVicmap Planning, © State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.
Subdivision & permits
- Plan of subdivision
- PS739447
- Lots on the plan
- 796
- Owners corporation
- Not recorded
- Building permits on record
- 34
- Estimated cost of works
- About $346.6m
Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.
History of the site
How it's been recorded over time
City of Melbourne Census of Land Use and Employment, since 2002.
Community
What people say about Premier Tower in public forums and groups, and reviews left here.
CBD - West > Premier Tower - 134-160 Spencer St > 246m / 80L / resi & hotel / completed
Enthusiast thread following the tower from proposal to completion, covering its height, floor count and mix of residential and hotel use.
MELBOURNE: Premier Tower (246m / 807ft / 78 fl) - completed
Forum thread tracking the tower's construction and completion, with its height and floor count given in the title.
Summaries describe what's discussed; they aren't our view or a statement of fact, and we don't name posters. The discussions belong to their sites.
Resident & tenant reviews
No reviews of Premier Tower yet. Be the first to tell future neighbours what it's like.
Reviews are checked before they're published. No one is named without permission.
Rate and review Premier Tower
Frequently asked questions
Is Premier Tower residential or commercial?
Premier Tower mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.
When was Premier Tower built?
Premier Tower was completed in 2021.
How many floors does Premier Tower have?
Premier Tower has 78 floors above ground.
How many apartments are in Premier Tower?
Premier Tower has 795 homes. The national address file lists 829 unit addresses here, and some of those can be shops or offices.
What size apartments are in Premier Tower?
The City of Melbourne's development record lists 236 1 bed and 544 2 bed apartments. The built numbers may differ a little.
Does Premier Tower have parking?
The City of Melbourne records 127 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.
Does Premier Tower have hotel or student accommodation?
The City of Melbourne records 160 hotel rooms at Premier Tower.
What do apartments cost near Premier Tower?
The median unit price in Melbourne was $545,000 in 2025, from the Victorian Property Sales Report. That's for the whole suburb, not this building.
What businesses are in Premier Tower?
The latest council census counted 2 businesses in Premier Tower, including Miss Mi and Movenpick Hotel Melbourne On Spencer.
Are there apartments for sale or rent in Premier Tower?
See the residential listings on this page, or use the shortcuts to search 134-160 Spencer Street on realestate.com.au and Domain.
Is there office or retail space for lease in Premier Tower?
See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.
Who designed and built Premier Tower?
Fragrance Group developed Premier Tower, Elenberg Fraser designed it and Brookfield Multiplex built it. The building team section has the sources.
How tall is Premier Tower?
About 246 metres, measured from the City of Melbourne's 3D building model. It's number 7 of 1596 buildings in Melbourne by height.
What public transport is near Premier Tower?
Southern Cross Station is the nearest train station, about 2 minutes' walk. The nearest tram stop is Spencer St/Bourke St #1, about 1 minute's walk.
What is the planning zone for Premier Tower?
The site is in the Capital City Zone - Schedule 1 (CCZ1).
Does Premier Tower have an owners corporation?
Plan of subdivision PS739447 has 796 lots.
How well did Premier Tower sell before it was finished?
By July 2015, presales for Premier Tower had reached 60 per cent.
Has any work been done on Premier Tower recently?
The City of Melbourne has issued 34 building permits for Premier Tower since 2000. The most recent was in September 2020.
Compare with nearby buildings
| Building | Type | Distance | Floors | Completed |
|---|---|---|---|---|
| Premier Tower | Mixed use | — | 78 | 2021 |
| The Savoy Hotel on Little Collins | Hotel | 45 m | 12 | 1928 |
| Defence Plaza | Commercial | 66 m | 10 | 1990 |
| City Point on Bourke | Mixed use | 127 m | 32 | 2003 |
| NEO 200 Apartment | Mixed use | 132 m | 43 | 2007 |
That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. Sources: City of Melbourne building permits (CC BY 4.0), CLUE building information (CC BY 4.0), CLUE business establishments (CC BY 4.0), CLUE residential dwellings (CC BY 4.0), Development Activity Monitor (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details © Google Maps.