SIGNIFICANCE: Banyule is a substantial and unique pre gold rush residence designed by architect John Gill and as a focus of an area of early elitist land development on the outskirts of Melbourne. While added to and altered, Banyule and its surrounds still retain the appearance and setting of the rural residence of a prominent landowner and member of the colonial gentry of the 1840s. The architecture of the building is a rare example of the use of the Elizabethan style executed in rendered brick work and has no direct comparison in Victoria. It is the only known example of such a design completed by John Gill.The setting of the homestead adds greatly to its significance in providing the only example of a pre-gold rush building in the Melbourne suburban area that has retained a substantial part of its original rural vistas and views.
[Extract: Allom Lovell and Associates. Banyule Conservation Report. 1989]