Restaurants in Caulfield, Melbourne. Melbourne's Caulfield district boasts restaurants to suit many different tastes. The suburb is home to Monash, one of the country's premier universities. As such, it's a particularly cosmopolitan part of town, and this is reflected in its wide choice of cuisine which runs the gamut from Asian to East European and everything in between. It's also where you'll find the glamorous Caulfield Racecourse, site of some of Australia's most hotly-contested equestrian events. All of which makes it a great place to have a flutter while also expanding your culinary horizons.