Hmmn, somewhere between the first and second categories, but Australian cities work differently.
http://maps.google.com.au/maps?q=port+melbourne&hl=en&ll=-37.838259,144.942369&spn=0.014557,0.027874&hnear=Port+Melbourne+Victoria&t=m&z=16&layer=c&cbll=-37.837817,144.941236&panoid=60JGTzgBSJQOCcmb5pKIAA&cbp=12,155.92,,0,-0.17Reasonably typical of Port Melbourne - some pre-federation buildings, an early 1900s house, a post-war greek brick nightmare, some 60s public housing flats, and post-1990 new yuppie apartments can all be seen from this intersection.