The place is important in demonstrating the principal characteristics of a particular class of cultural places. The hall demonstrates the principal characteristics of an Oddfellows Hall, including symbols of the society and the division of space into hall, gallery, stage and lodge room. The inclusion of retail premises in front of the hall was also a relatively common feature of community halls. The place is important because of its aesthetic significance. Baroona Hall has substantial aesthetic significance, both individually, and as part of the streetscape. This is contributed to by the high degree of design, workmanship and materials. The place has a strong or special association with a particular community or cultural group for social, cultural or spiritual reasons. The hall has special association with many members of the community, including past and present members of the United Brothers Lodge, and with community groups who used the hall such as the Caxton Street Legal Service. It also has special association with the Australian Labour Party, who used the hall as their branch headquarters from the mid 1940s and are still the owners. The place has a special association with the life or work of a particular person, group or organisation of importance in Queensland's history. Baroona Hall is also associated with Brisbane architect, Richard Gailey as an example of his work. Gailey was a prolific architect who designed many notable commercial and residential buildings. He also designed other society halls, including an Oddfellows Hall in Fortitude Valley and a Masonic Hall at Toowong.