One of Melbourne's earliest suburbs, East Melbourne has long been home to many significant government, health and religious institutions, including the Parliament of Victoria and offices of the Government of Victoria in the Parliamentary and Cathedral precincts, which are located on a gentle hill at the edge of the Melbourne's Hoddle Grid, known as Eastern Hill. The world-famous Melbourne Cricket Ground (MCG) is located in Yarra Park, in the East Melbourne locality of Jolimont. East Melbourne has been affluent since its first establishment and contains some of the oldest Victorian homes and terrace houses and parks and gardens in Melbourne.