Shaping the Future of 65 Martin Place

The Reserve Bank of Australia (RBA) is renewing its headquarters to create a workplace that meets the needs of a modern central bank. The new design reflects the original architectural style and restores several features that were removed or replaced over time.

The RBA has reached an important milestone in this process, lodging a new development application (DA) with the City of Sydney Council. This marks a significant step toward delivering a contemporary, sustainable workplace.

The application focuses on the building’s exterior, the heritage-listed ground floor foyer, and basement areas. Plans for office spaces will follow later in the project.

Artist impressions of the internal structure and façade for the new building - illustrating the existing building alongside the proposed design.
Artist impressions of the internal structure and façade for the new building. Source: Architectus.

What the DA Proposes

The DA seeks approval to remove the existing structure back to its steel frame and rebuild a modern, energy-efficient building. The heritage-listed foyer and basement levels will be retained and integrated into the new design.

Council will assess the application and undertake a public notification process early next year. A decision is expected before mid-2026.

Artist impression of the proposed ground floor lobby at 65 Martin Place, Sydney.
Artist impression of the proposed ground floor lobby at 65 Martin Place, Sydney. Source: Architectus.

Key Design Features

  • Enhanced natural light: A new façade with larger, uniform windows will improve light and views across all floors.
  • Conference facilities: A purpose-built space will support collaboration and engagement.
  • Flexible floor plans: A redesigned lift core will enable open, adaptable layouts.
  • Heritage integration: The ground floor foyer will be carefully conserved and incorporated into the new design.
  • Sustainability: Energy-efficient materials, solar panels, and waste minimisation measures will reduce environmental impact.
Artist impression of the proposed façade for the new building at 65 Martin Place, Sydney, designed to reflect the original architectural style.
Artist impression of the proposed façade for the new building designed to reflect the original architectural style. Source: Architectus.

Respecting Heritage

As a heritage-listed site, the project has been developed in consultation with planning authorities. The design reflects the building’s original architectural style and reinstates features removed over time. Approval has also been granted by the Commonwealth Department of Climate Change, Energy, the Environment and Water.

Artist impression of the proposed foyer at 65 Martin Place, Sydney
Artist’s impression of the revitalised wall mural in the foyer of 65 Martin Place, Sydney, celebrating heritage while embracing modern design. Source: Architectus.