Melbourne is the largest business, as well as residential area, in the municipality.
The central city is Melbourne’s business and financial centre. It encompasses the central city grid, plus the area between Victoria and Latrobe streets. The central city is home to retail, financial, legal, administrative, recreational, tourist and entertainment facilities and operates 24 hours a day, serving a wide variety of residents, workers and visitors.
The over-supply of office space in the central city during the 1990s coupled with the City of Melbourne’s Postcode 3000 initiative has lead to a resurgence in inner-city living. The central city’s population has more than doubled since 2001.
Leafy St Kilda Road, one of Melbourne’s famous boulevards and corporate addresses, is lined by a mix of office, residential and mixed use towers.
Melbourne includes many major parks and gardens including the Royal Botanic Gardens, Kings Domain (which contains Government House), Queen Victoria Gardens, and Alexandra Gardens. The area also includes important sports facilities such as Olympic Park and Melbourne Park, home to a variety of sporting and entertainment events such as the Australian Open Tennis Championships.
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