🏒 CommercialUnoccupied - UnusedCompleted 1965πŸ› Heritage overlay

Reserve Bank of Australia

56-64 Collins Street, Melbourne VIC 3000

  • 75 m tall Β· #177 in Melbourne
  • 16 floors
  • 4 car spaces

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61 years standing

  1. 1965Completed
  2. 2003Refurbished
  3. 2019Planning application
  4. TodayStill standing

57 building permits Β· 6 news storiesFull timeline ↓

About Reserve Bank of Australia

Reserve Bank of Australia is a 16-storey commercial building at 56-64 Collins Street, Melbourne, and was the Reserve Bank's state headquarters. The Reserve Bank sold the site in 2018, and Dexus, now the current developer, had its plan to replace the headquarters approved by the City of Melbourne in 2020. Completed in 1965, the building stands 75 metres to its roof.

At a glance

Key facts

Building type
🏒 Commercial
Completed
1965 Unconfirmed We don't have data to 100% confirm this data point as yet.
Height
75 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#177 of 1596 in Melbourne
Floors
16
Footprint
1,139 mΒ²
Businesses
0
Car spaces
4
Strata plan
TP552611 Β· 1 lots
Planning zone
CCZ1
Permits on record
57

Score cards

πŸš† Transport9/10

Parliament Railway Station 4 min walk Β· 9 tram stops within 400 m

β˜• Everyday amenities9/10

114 cafΓ©s, 3 grocers, 67 medical within 250 m

🌳 Greenery8/10

116 street trees within 150 m Β· park 221 m away

✨ Activity10/10

5,406 people pass daily nearby Β· 78 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 Reserve Bank of Australia.

🏦OwnerReserve Bank of Australia1965–2018reported1965-2018 Β· Occupied the building as its Melbourne headquarters and sold it in 2018Source: Apartments.com.au (reprint of Urban.com.au) β†—
🏦OwnerDexus2018–reportedCurrent Β· 2018- Β· Bought the site in 2018 , with 52 Collins Street adjoiningSource: Apartments.com.au (reprint of Urban.com.au) β†—
πŸ—DeveloperDexus2018–verifiedCurrent Β· 2018- Β· Proposed replacement office tower on the siteSource: The Urban Developer β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Parliament Railway Station
Train station
4 min Β· 285 m
πŸš†Parliament Station
Train station
4 min Β· 306 m
πŸš‹101 Collins St/Collins St #7
Tram stop
1 min Β· 104 m
πŸš‹Spring St/Collins St #8
Tram stop
2 min Β· 146 m
πŸš‹Spring St/Bourke St #9
Tram stop
3 min Β· 241 m

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

Within a 3-minute walk

114β˜• CafΓ©s & eateries
3πŸ›’ Grocers
4πŸ‹οΈ Gyms
67🩺 Medical
4πŸ’Š Pharmacies
1🧸 Childcare
20🍷 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).

Businesses in Reserve Bank of Australia

0 businesses recorded in the City of Melbourne's latest business census.

Looking for space in Reserve Bank of Australia?

We'll try to put you in touch with an agent, though we can't promise a reply.
Source: City of Melbourne Census of Land Use and Employment, CC BY 4.0.

Timeline

Everything that has happened at Reserve Bank of Australia: listings, news, works, planning and history.

20 Apr 2026πŸ“°
News
Dexus puts planned 60 Collins Street tower on hold
Dexus has put its planned flagship office tower at 60 Collins Street on hold. A Dexus spokesperson said the approved scheme does not meet its investment hurdles, citing rising construction costs, higher financing rates and subdued leasing demand.
2025πŸ› 
Works
1 certificate
Largest: Alterations to existing building - Stage 1: Internal Stripout . Levels 2, 6, 9 & 10
2024πŸ› 
Works
1 building permit Β· about $31.0m of new works
Largest: Stage 2: Removal of External Ventilation Riser, and Internal Non-Structural Strip Out Works
2022πŸ”„
Use change
Council census records it as unoccupied - unused, 17 floors
Name recorded: Reserve Bank of Australia
2022πŸ› 
Works
1 building permit Β· about $10.9m of new works
Largest: Alterations to existing building - Stage 1: Internal Stripout . Levels 2, 6, 9 & 10
17 Nov 2021πŸ“°
News
Dexus raises height of planned Collins Street tower by 55 metres
Dexus increased the planned height of its Collins Street office tower by 55 metres, from 101.5 metres to 159.64 metres, after buying air rights from the Melbourne Club. The site is 52-60 Collins Street.
23 Mar 2020πŸ“°
News
City of Melbourne approves Dexus plan to replace RBA state headquarters
The City of Melbourne granted Dexus approval to replace the Reserve Bank of Australia state headquarters and an adjoining mid-rise building with a 26-level Bates Smart-designed office tower. Melville House at 52 Collins Street was to be retained.
2019πŸ“
Milestone Β· Planning application
Planning application TPMR-2019-25/C lodged
Derived from City of Melbourne Development Activity Monitor
2019πŸ› 
Works
3 building permits Β· about $108k of new works
Largest: Level 13 - Internal Office Fitout
18 Sep 2018πŸ“°
News
RBA sells Melbourne HQ for reported $160 million
The Reserve Bank of Australia sold its Collins Street Melbourne headquarters for a reported $160 million. The Australian Financial Review reported Dexus as the likely buyer, and the adjoining 52 Collins Street is owned by Marks Henderson Funds Management.
17 Sep 2018πŸ“°
News
Race for RBA Melbourne headquarters building on Collins Street
Coverage of the sale process for the RBA's Melbourne headquarters, described as a B-grade, 15-storey tower on the corner of Collins and Exhibition streets, with the bank occupying about 10% of the building.
29 Aug 2018πŸ“°
News
RBA lists Collins Street headquarters for sale; development scenario published
The Reserve Bank of Australia listed its Collins and Exhibition streets headquarters for sale as it vacated the building. A development scenario article discussed redevelopment potential for the site.
2018πŸ› 
Works
2 building permits and 2 certificates Β· about $8.6m of new works
Largest: Level 4 - Canaccord Works
2017πŸ› 
Works
1 building permit and 1 certificate Β· about $94k of new works
Largest: Level 9 - Proposed Office Fitout
2016πŸ› 
Works
3 building permits and 3 certificates Β· about $491k of new works
Largest: Level 9 - Office fitout
2015πŸ› 
Works
2 building permits Β· about $182k of new works
Largest: Level 1 - Office partition fitout to office
2014πŸ› 
Works
1 building permit and 2 certificates Β· about $260k of new works
Largest: Level 3 - Refurbishment
2013πŸ› 
Works
3 building permits Β· about $64k of new works
Largest: Internal fitout Level 4
2012πŸ› 
Works
3 building permits and 2 certificates Β· about $274k of new works
Largest: Stage 2: Fitout works. Alterations to existing office tenancy
2011πŸ”„
Use change
Council census records it as office, 17 floors
Name recorded: Reserve Bank of Australia
2011πŸ› 
Works
2 certificates Β· about $1.1m of new works
Largest: Office Alterations to an existing building Level 4
2010πŸ› 
Works
1 building permit and 3 certificates Β· about $441k of new works
Largest: Alterations Level 11
2009πŸ› 
Works
3 building permits Β· about $268k of new works
Largest: Alterations to office Level 2
2008πŸ› 
Works
2 building permits and 1 certificate Β· about $244k of new works
Largest: Proposed lift lobby and amenities refurbishment Level 11.
2007πŸ› 
Works
4 building permits and 2 certificates Β· about $332k of new works
Largest: Office fitout to existing tenancy Level 10.
2006πŸ› 
Works
5 building permits and 3 certificates Β· about $1.1m of new works
Largest: Alteration to an office building, internal alterations to level 9 (part).
2005πŸ› 
Works
3 building permits and 3 certificates Β· about $368k of new works
Largest: Stage 2: Office partition fitout to tenancy on level 5
2004πŸ› 
Works
1 building permit and 1 certificate Β· about $526k of new works
Largest: Partition alterations Level 1
2003πŸ› 
Works
7 building permits Β· about $674k of new works
Largest: Alterations to office building - Reserve Bank of Australia. Ground Floor
2002πŸ› 
Works
5 building permits Β· about $103k of new works
Largest: Office alterations to level 11
2002πŸ“‹
First census
First council census entry: office, 17 floors
2001πŸ› 
Works
2 building permits and 2 certificates Β· about $682k of new works
Largest: Level 13 office fit out Reserve Bank
2000πŸ› 
Works
1 building permit and 1 certificate Β· about $36k of new works
Largest: lvl 11 office partition alts variation lodged 18/12/00
1999πŸ› 
Works
1 certificate Β· about $120k of new works
Largest: Office fitout on level 12
1998πŸ› 
Works
1 building permit Β· about $80k of new works
Largest: Office fitout on level 3
1997πŸ› 
Works
1 building permit Β· about $305k of new works
Largest: Office fitout to Level 10
1996πŸ› 
Works
1 building permit and 1 certificate Β· about $451k of new works
Largest: Alterations to an existing building
1965πŸŽ‰
Milestone Β· Completed
Reserve Bank of Australia completed: 16 floors
Derived from City of Melbourne building census (CLUE) 2024
Approvedβœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor

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
HO504Heritage Overlay: a permit is needed to demolish or change the outside of heritage places
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
TP552611
Lots on the plan
1
Owners corporation
Not recorded
Building permits on record
57
Estimated cost of works
About $58.7m
1996New 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

2002Office Β· 17 floors Β· "RESERVE BANK OF AUSTRALIA"
2011Office Β· 17 floors Β· "Reserve Bank of Australia"
2022Unoccupied - Unused Β· 17 floors Β· "Reserve Bank of Australia"

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

Community

What people say about Reserve Bank of Australia in public forums and groups, and reviews left here.

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.

Tenant reviews

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Frequently asked questions

Is Reserve Bank of Australia residential or commercial?

Reserve Bank of Australia is a commercial building. The City of Melbourne lists its main use as unoccupied - unused.

When was Reserve Bank of Australia built?

Reserve Bank of Australia was completed in 1965.

How many floors does Reserve Bank of Australia have?

Reserve Bank of Australia has 16 floors above ground.

What businesses are in Reserve Bank of Australia?

The latest council census counted 0 businesses in Reserve Bank of Australia.

Is there office or retail space for lease in Reserve Bank of Australia?

See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who designed and built Reserve Bank of Australia?

Dexus developed Reserve Bank of Australia. The building team section has the sources.

How tall is Reserve Bank of Australia?

About 75 metres, measured from the City of Melbourne's 3D building model. It's number 177 of 1596 buildings in Melbourne by height.

What public transport is near Reserve Bank of Australia?

Parliament Railway Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is 101 Collins St/Collins St #7, about 1 minute's walk.

What is the planning zone for Reserve Bank of Australia?

The site is in the Capital City Zone - Schedule 1 (CCZ1). It's also under a Heritage Overlay (HO504).

Does Reserve Bank of Australia have an owners corporation?

Plan of subdivision TP552611 has 1 lot.

Has any work been done on Reserve Bank of Australia recently?

The City of Melbourne has issued 57 building permits for Reserve Bank of Australia since 1996. The most recent was in May 2024.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Reserve Bank of AustraliaCommercialβ€”161965
South TowerCommercial79 m402020
Next HotelHotel79 m262018
North TowerCommercial79 m471977

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), 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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