.. has been applied to 245 Collins St, next door to Newspaper House. I don't know much about the origins of the building, I would guess it dates to the 1910s or roundabouts. I also recall before the paint was applied there were some funny sketchy paintings on the side of the building, I'm sure I have a photo but I can't find it.
Before (clearly I was actually taking a photo of newspaper house, ignoring its shabby next door neighbour):
And a last picture that shows how the vibrant green of the tiles now 'pops out', pity about the ugly awning though.