"The "Domain Precinct" is the most prestigious part of South Yarra, traditionally home to many of Melbourne's old families with a lot of money. It is bordered by Punt Road, Toorak Road, Anderson Street, St Kilda Road and Alexandra Avenue. The Domain Precinct has recorded some of Victoria's highest land values on a square metre basis. Driven by proximity to the Botanical Gardens, Melbourne's elite private schools and boutique shopping, this area is graced with both large mansions and high-end apartments. The most valuable streets include Walsh Street, Fairlie Court, Avoca Street, Caroline Street, Anderson Street, Domain Road and Marne Street."