First conceived in 1986 as a Bicentennial project, the Plaza Ibero Americana began as an idea to acknowledge the contribution of Spanish and Portuguese-speaking people to the history of Australia. It was opened in 1988 and remodelled in 2000.

Located on Chalmers Street, Surry Hills, the Plaza Ibero Americana consists of two statues and 11 busts representing significant historical figures and Latin American national heroes. It features a series of busts donated by nations including Argentina, Bolivia, Chile, Colombia, Cuba, Ecuador, Spain, the Philippines, Mexico, Peru, Portugal, Uruguay and Venezuela.