24/06/2026
THE COMPASS CENTRE (1964) TO BE DEMOLISHED. 📍Bankstown.
The Compass Centre in Bankstown opened with great fanfare in 1964, when a visiting 18-year-old Liza Minnelli and her then-boyfriend Peter Allen, were officially crowned the “Queen” and “King” of the shopping plaza.
The Compass Centre is a brick and concrete, mid 20th century modern structure. It features a traditional layout of small local specialty stores, and anchors like a supermarket. It was intentionally structured as a commercial thoroughfare linking the Bankstown Railway Station directly to the civic district.
The original layout reflected the era’s growing focus on car travel. Parking lots wrapped around the rear of the centre. Over the decades, this layout aged poorly, creating isolated pedestrian links and a building that was labeled as out of touch with modern, foot-traffic-heavy transit hubs.
When the Bankstown Square opened nearby in 1966, it immediately began draining retail traffic away from the centre which could not compete with a modern mega-mall, leading to a slow decline retail tenants.
By the 2000s, the building layout lacked modern accessibility, energy efficiency, and the spatial requirements needed for modern retail anchors.
The site became highly valuable for its rezoning potential rather than its existing building. This sparked a cycle of property speculation that left the building in limbo. To prepare for demolition, remaining long-term commercial tenants were converted to flexible, short-term monthly holdover leases. This forced many businesses to move out, resulting in high vacancy rates and a “ghost town” appearance.
The Bankstown Compass Centre redevelopment officially received Development Application approval in February 2026.
The approved scheme allows for the demolition of the Compass Centre, and the construction of a 5-storey retail podium supporting three towers including: Two 24-storey residential towers providing 339 dwellings, planned under a Build-to-Rent (BTR) model; and, One 19-storey hotel tower featuring 169 hotel rooms and a dedicated function centre.
*All renders sourced from PTW; all site photos taken by