Named after the Price of Wales, this street lies in the inner suburb of the Melbourne city. The Local Government Authority of Yarra City maintains the street. This street is famous for its beautiful design and its proximity to Central Business District [CBD] Melbourne.

The wide clean roads and greenery on the sides make this street a must visit in Melbourne. The dedicated car parking, office spaces and various food joints on the street make the street famous.

Princes Hill is a widespread area and offers spacious size to the community center, religious places, hospitals, and schools. The artistically designed residential buildings give a stylish look to the entire locality.