First published 30 Oct 2026, 5:00am
9 Dundas Lane, Albert Park, has long been home to Mushroom Records. It’s now had multiple offers to be transformed into a home — or even apartments.
The legendary Albert Park home of Mushroom Records is looking likely for a future being redeveloped as housing.
The property where Aussie music boss Michael Gudinski ran his empire from for decades had attracted multiple offers prior to the noon deadline of an expressions of interest sale for the site, one raising the prospect it will become an apartment complex.
The 9 Dundas Lane building is where acts from Kylie Minogue to Jimmy Barnes were signed to the label, and for the past 46 years its offices have also supported household names like the Skyhooks, Archie Roach, Paul Kelly, Hunters & Collectors, Yothu Yindi, Vance Joy and The Temper Trap.
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Ed Sheeran was also a regular visitor, and saw Mr Gudinski as a mentor, while international acts from Madonna to Taylor Swift and The Rolling Stones were also brought to Australia by Frontier Touring which was established at the building.
Gudinski was also a part owner of three Melbourne Cup winning racehorses: Almandin, Rekindling and Twilight Payment.
The converted biscuit factory Mushroom Records has resided in for decades was listed for sale with a $6m-$6.5m asking price in September, with expressions of interest to buy the historic property closing at noon yesterday.
The building has a laneway location that has appealed to buyers, as has its expansive size.
The building has hosted Mushroom Records for decades, and the long list of celebrities that have gone through its doors.
Advise Transact’s Mark Wizel is advising Matt Gudinski, Michael’s son and the label’s current chief executive, on the deal and said there had been multiple offers made ahead of the closure of an expressions of interest timeline yesterday.
Bids included a group considering it as office space, another planning a two townhouse conversion, one eyeing a conversion to several apartments — and even one planning to turn it into a single expansive dream home.
Mr Wizel said all were understood to want to make the most of the laneway location, which carried a special romance in Melbourne, and some might even expand the home’s third-storey.
The iconic address could soon swap boardroom space for bedrooms.
A mix of office space is potentially about to become living spaces.
“We were always expecting there to be strong interest … so it’s never been if we thought it would sell, it’s more so about what it will sell for and what will the end user want to do with it,” he said.
“It’s like the morning of the Grand Final and we are looking forward to how good the half time show will be. And if the offers are anything like Kylies performance at the Grand Final, then we are looking good.”
Mr Wizel added that there had been a number of music industry types who had also been in touch during the sales effort to share memories of their time in the building and working with Mr Gudinski, which had been a special bonus for the family.
A handful of the building’s more comfortable spaces give an idea of what could be ahead.
With heights ranging up to three storeys in places around the building, some buyers are considering a further expansion in the double-storey component.
Marshall White’s Oliver Bruce, as well as agents at Stonebridge, have handled inquiries.
Mr Bruce said they were expecting to sort through offers made by groups that had already commenced due diligence on it.
“We are expecting that we will be in the final phases of negotiations and a sale will be forthcoming,” Mr Bruce said.
Speaking earlier this year, the son of the late Mr Gudinski, Matt, said it would be sad to leave behind so many memories but that they were excited to see what the building’s future could be.
Michael Gudinski at the property in 2015. David Geraghty / The Australian.
Matt Gudinski in front of the building earlier this year. Picture: Tony Gough.
“Dundas Lane has been an incredible part of Mushroom’s history and is globally renowned in the music industry,” Matt said.
“I’ve been coming here my entire life, and it’s hard to overstate what this place means to everyone at Mushroom.”
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