πŸ›ŽοΈ HotelCommercial AccommodationCompleted 2005

Oaks On Market

54-60 Market Street, Melbourne VIC 3000

  • 99 m tall Β· #117 in Melbourne
  • 24 floors
  • 280 serviced apartments
  • 23 car spaces

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21 years standing

Built in 1 yr 9 mths

  1. Apr 2003Construction started
  2. 2004Refurbished
  3. 2005Completed
  4. TodayStill standing

11 building permits Β· 1 news storyFull timeline ↓

About Oaks On Market

Oaks On Market is a commercial accommodation building with 24 floors above ground and a roof height of 99 m. It was completed in 2005, and a multi-million dollar refurbishment was completed by March 2018.

At a glance

Key facts

Building type
πŸ›ŽοΈ Hotel
Completed
2005
Height
99 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#117 of 1596 in Melbourne
Floors
24 Unconfirmed We don't have data to 100% confirm this data point as yet.
Footprint
1,038 mΒ²
Serviced apartments
280
Car spaces
23
Strata plan
PS336605 Β· 344 lots
Planning zone
CCZ1
Permits on record
11

Score cards

πŸš† Transport7/10

Flinders Street Station 6 min walk Β· 12 tram stops within 400 m

β˜• Everyday amenities7/10

88 cafΓ©s, 4 grocers, 6 medical within 250 m

🌳 Greenery8/10

108 street trees within 150 m Β· park 33 m away

✨ Activity9/10

5,147 people pass daily nearby Β· 53 licensed venues within 200 m

Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.

The building team

The people and companies behind the design, construction and management of Oaks On Market.

+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flinders Street Station
Train station
6 min Β· 480 m
πŸš†Flinders Street Railway Station
Train station
7 min Β· 543 m
πŸš‹William St/Collins St #3
Tram stop
1 min Β· 99 m
πŸš‹Market St/Flinders St #3
Tram stop
2 min Β· 165 m
πŸš‹Collins St/William St #4
Tram stop
2 min Β· 173 m

Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.

Within a 3-minute walk

88β˜• CafΓ©s & eateries
4πŸ›’ Grocers
9πŸ‹οΈ Gyms
6🩺 Medical
0πŸ’Š Pharmacies
1🧸 Childcare
16🍷 Pubs & bars

Who lives in Melbourne (CBD)

Residents37,341
Median age26
Households renting70%
Households without a car75%
Walk to work40%
Public transport to work43%

ABS Census 2016 via City of Melbourne (CC BY).

Timeline

Everything that has happened at Oaks On Market: listings, news, works, planning and history.

2025πŸ› 
Works
1 building permit Β· about $2.4m of new works
Largest: Cladding Rectification Works
12 Mar 2018πŸ“°
News
Oaks on Market completes multi-million dollar refurbishment
The Oaks on Market hotel in central Melbourne finished a refurbishment of its apartments and common areas over about ten months, reported as close to A$3 million. All 280 guest rooms were given updated furnishings and finishes.
Covered by 2 outlets
2018πŸ› 
Works
1 building permit Β· about $100k of new works
Largest: Alterations to Hotel Basement Gym
2015πŸ› 
Works
2 building permits and 2 certificates Β· about $655k of new works
Largest: 60 Market Street Melbourne - Bar Refurbishment
2012πŸ› 
Works
1 building permit Β· about $600 of new works
Largest: Alterations Smoke Detection
2008πŸ”„
Use change
Council census records it as commercial accommodation, 25 floors
Name recorded: Oaks On Market
2007πŸ› 
Works
3 building permits and 2 certificates Β· about $540k of new works
Largest: Alterations to ground floor restaurant. Stage 1 - Architectural & Services
2006πŸ”„
Use change
Council census records it as commercial accommodation, 25 floors
Name recorded: SIXTY MARKET STREET
2006πŸ› 
Works
1 certificate
Largest: Variation: Hotel lobby fitout - ground floor
2005πŸŽ‰
Milestone Β· Completed
Oaks On Market completed: 24 floors
Derived from City of Melbourne Development Activity Monitor
2005πŸ› 
Works
1 building permit Β· about $1.0m of new works
Largest: Hotel lobby fitout - ground floor
Apr 2003πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
2003πŸ› 
Works
2 building permits Β· about $30.0m of new works
Largest: Proposed Hotel and Apartment Development. Stage 2 - Demolition of North West external wall
2002πŸ“‹
First census
First council census entry: unoccupied - under renovation, 25 floors

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 1 (CCZ1)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO10Design and Development Overlay: limits on building height, setbacks and design
PO1Parking Overlay: controls on how much car parking new development can provide

Vicmap Planning, Β© 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
PS336605
Lots on the plan
344
Owners corporation
Yes (common property)
Building permits on record
11
Estimated cost of works
About $34.7m
2003New works by year (estimated)2025

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

2002Unoccupied - Under Renovation Β· 25 floors Β· "SIXTY MARKET STREET"
2006Commercial Accommodation Β· 25 floors Β· "SIXTY MARKET STREET"
2008Commercial Accommodation Β· 25 floors Β· "Oaks On Market"

City of Melbourne Census of Land Use and Employment, since 2002.

Community

What people say about Oaks On Market in public forums and groups, and reviews left here.

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Frequently asked questions

Is Oaks On Market residential or commercial?

Oaks On Market is a hotel or serviced apartments. The City of Melbourne lists its main use as commercial accommodation.

When was Oaks On Market built?

Oaks On Market was completed in 2005.

How many floors does Oaks On Market have?

Oaks On Market has 24 floors above ground.

Does Oaks On Market have hotel or student accommodation?

The City of Melbourne records 280 serviced apartments at Oaks On Market.

Who built Oaks On Market?

The building team section lists who's known so far. Builders, architects and developers can claim their role on this page.

How tall is Oaks On Market?

About 99 metres, measured from the City of Melbourne's 3D building model. It's number 117 of 1596 buildings in Melbourne by height.

What public transport is near Oaks On Market?

Flinders Street Station is the nearest train station, about 6 minutes' walk. The nearest tram stop is William St/Collins St #3, about 1 minute's walk.

What is the planning zone for Oaks On Market?

The site is in the Capital City Zone - Schedule 1 (CCZ1).

Does Oaks On Market have an owners corporation?

Plan of subdivision PS336605 has 344 lots and common property, which means it is managed by an owners corporation.

Has any work been done on Oaks On Market recently?

The City of Melbourne has issued 11 building permits for Oaks On Market since 2003. The most recent was in June 2025.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Oaks On MarketHotelβ€”242005
42-52 Market StreetCommercial29 m161969
The Trustees BuildingCommercial55 m101937
SDA HouseCommercial67 m121958
Electric HouseCommercial83 m101988

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 Β© Google Maps.

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