Discover Prahran. Vibrant and eclectic, Prahran is one of Melbourne’s best places for restaurants, cafes and bars and is one of the most sought after areas in the city. With many of Melbourne’s Prahran restaurants located around Greville Street, you can restaurant hop to your heart’s content. Or, why not check out the dining spots near the Yarra Valley and Albert Park Lake where you’ll find a range of waterfront dining options with some of the best views in Melbourne. Another top tip is to treat yourself to lunch or dinner along Chapel Street after checking out the famous Melbourne fashion boutiques.