The building sector accounts for 19% of Australia's energy consumption and around 23% of the greenhouse gas emissions. In 2005, commercial buildings in Australia were responsible for 10% or 26 megatonnes (Mt) of the nation's greenhouse gas emissions. They are two effective ways to reduce the building sector's emissions, namely constructing new energy efficient buildings or retrofitting existing buildings. Due to the life expectancy of existing building stock the greatest reduction in emissions before 2030 could be achieved through retrofits. Building performance assessment and evaluation uses predictive modelling method to investigate and evaluate building performance in energy demands, thermal occupant comfort, indoor air quality, building retrofit options and many other related environmental and wellbeing aspects. This paper discussed the use of building performance simulation software to investigate the impacts of various retrofit options have onto energy performance of existing commercial buildings with heritage values in Australia. The research explores the use of thermal and airflow modelling in assisting understanding of building energy performance with various retrofit options applied to existing commercial buildings. The finding highlights the capabilities of building performance simulation software in decision making for building performance investigations.