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Victoria One

452-472 Elizabeth Street, Melbourne VIC 3000
Generated 8 November 2026
Mixed use · Residential Apartment
245 mheight
79floors
2017completed
644homes
10permits

Development milestones

Planning application2013Planning application TPM-2013-29 lodged
ApprovedBy 2015Planning permit granted (exact date not recorded)
Construction startedJun 2015First major construction permit issued
First occupantsJun 2017First occupancy permit issued
Completed2017Victoria One completed: 79 floors

Building team

Developer
Golden Age Group
Architect
Elenberg Fraser
Builder
Probuild

Planning & subdivision

Zone
CCZ1
Overlays
DDO1, DDO10, PO1, SBO2
Strata plan
PS728807 · 662 lots
Scores
🚆 9 · ☕ 7 · 🌳 7 · ✨ 8

Timeline

20241 certificate · about $20k of new works
Largest: Unit 4609 - Internal reinstatement/repair work to apartment dwelling, reinstate fire rated plaster wall linings
18 Jul 2019First resale in Victoria One sells for a small loss
An apartment in Victoria One, the first resale in the building, traded for $520,000 in late March 2019. It had been bought off the plan in April 2014 for $526,500.
2019Council census records it as residential apartment, 79 floors
20191 building permit
Largest: L01.03-L01.05 - Proposed restaurant fitout for "David's Hotpot"
20183 building permits and 3 certificates · about $950k of new works
Largest: Stage 3: Pile caps, capping beams, concrete raft, care walls, column starter bars
2017Victoria One completed: 79 floors
Derived from City of Melbourne building census (CLUE) 2024
Jun 2017First occupancy permit issued
Derived from City of Melbourne building permits
21 Jun 2017Victoria One core topped out, becoming the CBD's tallest structure
Head contractor Probuild topped out the core of the tower, with the last concrete pour on 17 June 2017. The article says the core at 271 metres AHD made it the tallest structure in the Melbourne CBD at that time and that the handover was planned in stages to June 2018.
2017Council census records it as unoccupied - under construction, 42 floors
20171 building permit and 6 certificates
Largest: Stage 7: Services Basement -Level 39
20161 building permit
Largest: Stage 9: Structure Level 54 to 74
By 2015Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Jun 2015First major construction permit issued
Derived from City of Melbourne building permits
2015Council census records it as unoccupied - under construction, 1 floors
20152 building permits
Largest: Stage 5: Structural Slabs Levels 2 to 8, Precast Levels 2 to 11
10 Nov 2014Construction begins on Victoria One, the first of the CBD Four
Construction of the 241-metre, 75-level tower formally began in November 2014, with Probuild now controlling the site. Completion was then expected in late 2017.
5 Nov 2014Majority of Victoria One apartments sold to local owner occupiers
The developer reported that 95% of apartments were sold in the first four months on the market. It said most buyers were local owner occupiers.
25 Jul 2014Golden Age Group unveils Victoria One, a 75-level CBD tower
Golden Age Group unveiled its $350 million, 75-level residential tower on the corner of Elizabeth and Franklin Streets, designed by Elenberg Fraser. The article gives a mix of 115 one-bedroom, 482 two-bedroom and 32 three-bedroom apartments and says construction was expected later that year.
20141 building permit and 1 certificate · about $199.2m of new works
Largest: Fit-out of Ground Floor Shop - Display Suite
2013Planning application TPM-2013-29 lodged
Derived from City of Melbourne Development Activity Monitor
2002First council census entry: retail - shop, 2 floors
19991 building permit · about $4k of new works
Largest: Office fitout on level 1
19971 certificate · about $80k of new works
Largest: tenancy fitout of shop

Building permits and certificates (22)

Each cost is the estimate on that record. Stages of a project often repeat its full value, so these don't add up to what was spent.

25 Nov 2024Unit 4609 - Internal reinstatement/repair work to apartment dwelling, reinstate fire rated plaster wall linings$20k
03 May 2019L01.03-L01.05 - Proposed restaurant fitout for "David's Hotpot"$600k
06 Dec 2018Stage 2: All works to completion$310
29 Nov 2018Lot (CM4 & CM5) 1R - Tenancy fitout of Happy Lemon$40k
18 Oct 2018L00.111 - Proposed restaurant fitout for "David's Malatang"$310k
29 June 2018Stage 12: Services L75-Roof, Arch L75-Roof & Arch L9$193.5m
29 June 2018Stage 3: Pile caps, capping beams, concrete raft, care walls, column starter bars$198.7m
25 Feb 2018L01.03-L01.05 - Proposed restaurant fitout for "David's Hotpot"$100
04 Dec 2017Stage 10: Services Level 40 to Level 74, Arch Level 54 – L74, Structural Core Level 75 - Roof$193.5m
10 Nov 2017Stage 7: Services Basement -Level 39$198.7m
11 Oct 2017Stage 11: Level 76, 77 Structural Floor Slabs and Roof Structural Steel Works$193.5m
29 June 2017Stage 10: Services Level 40 to Level 74, Arch Level 54 – L74, Structural Core Level 75 - Roof$193.5m
29 June 2017Stage 2: Site Preparation, Retention & Foundation Piling, Excavation and In-Ground Services$198.7m
29 June 2017Stage 6 - L53 Structural Works (Vertical & Horizontal Elements)$198.7m
29 June 2017Stage 8 - Architectural: Basement to Level 53$198.7m
24 Nov 2016Stage 9: Structure Level 54 to 74$193.5m
05 Nov 2015Stage 5: Structural Slabs Levels 2 to 8, Precast Levels 2 to 11$198.7m
29 June 2015Stage 4: Basement to Level 1 Slabs: Structural Verticial Elements, Core & Columns to Level 8, Precast to Level 2, Hydraulic to Level 53 (excl. Level 8&8a)$198.7m
17 Nov 2014New Residential Tower Development$117k
23 June 2014Fit-out of Ground Floor Shop - Display Suite$480k
07 June 1999Office fitout on level 1$5k
13 Nov 1997tenancy fitout of shop$80k

Questions and answers

Is Victoria One residential or commercial?
Victoria One mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.

When was Victoria One built?
Victoria One was completed in 2017.

How many floors does Victoria One have?
Victoria One has 79 floors above ground.

How many apartments are in Victoria One?
Victoria One has 644 homes. The national address file lists 648 unit addresses here, and some of those can be shops or offices.

What size apartments are in Victoria One?
The City of Melbourne's development record lists 110 1 bed, 488 2 bed and 24 3+ bed apartments. The built numbers may differ a little.

Does Victoria One have parking?
The City of Melbourne records 163 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.

What do apartments cost near Victoria One?
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 Victoria One?
The latest council census counted 3 businesses in Victoria One, including Chef David, David's Master Pot and Happy Lemon Melbourne.

Are there apartments for sale or rent in Victoria One?
See the residential listings on this page, or use the shortcuts to search 452-472 Elizabeth Street on realestate.com.au and Domain.

Is there office or retail space for lease in Victoria One?
See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who designed and built Victoria One?
Golden Age Group developed Victoria One, Elenberg Fraser designed it and Probuild built it. The building team section has the sources.

How tall is Victoria One?
About 245 metres, measured from the City of Melbourne's 3D building model. It's number 8 of 1596 buildings in Melbourne by height.

What public transport is near Victoria One?
State Library Station is the nearest train station, about 3 minutes' walk. The nearest tram stop is Queen Victoria Market/Elizabeth St #7, about 2 minutes' walk.

What is the planning zone for Victoria One?
The site is in the Capital City Zone - Schedule 1 (CCZ1).

Does Victoria One have an owners corporation?
Plan of subdivision PS728807 has 662 lots.

Who bought the apartments in Victoria One?
In November 2014, a majority of Victoria One apartments had been sold to local owner occupiers.

Has any work been done on Victoria One recently?
The City of Melbourne has issued 10 building permits for Victoria One since 1999. The most recent was in May 2019.

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)). General information from public records, not legal, financial or building advice.

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Victoria One building report | That's Built