The home of Melbourne's anarchists will soon be overshadowed by the might of capitalist developers.

Two apartments rising up six levels are set to tower either side of the Northcote headquarters of the Melbourne Anarchists Club, with prospective residents able to keep a wary eye from their balconies on activities at the club's humble, single-storey premises at 62 St Georges Road.

Apartment towers are set ot rise up either side of the Melbourne Anarchist Club.

Past anarchist events include a benefit gig for "imprisoned Australian anti-fascist Jock Palfreeman" and the "Bulgarian Prisoners' Rehabilitation Association," as well as a "F--- the Budget: Punk Rock at the MAC" concert.

Just how comfortably the anarchist mantra of creating a "classless, non-hierarchical society; that is, a society without rulers," will sit with its new well-heeled neighbours, remains to be seen.