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The Treasury Gardens are situated at the eastern end of the CBD, near Victoria's Parliament House and the old Treasury buildings, and opposite the Windsor Hotel. They create a landscaped setting for Parliament House and comprise large areas of lawn and walking paths lined with large trees. There is an ornamental pond and a number of memorials.

The gardens are renowned for their Moreton Bay figs, the hydrangeas below Treasury Place, and Guilfoyle's Japanese garden around the ornamental pond.

Treasury Gardens are separated from Fitzroy Gardens by Lansdowne Street. One of the reasons business people and other visitors to Melbourne like to stay at the Hilton Hotel in East Melbourne is because they can walk through the Fitzroy and Treasury Gardens on their way to the CBD.

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