Degraves Street is a street in Melbourne, Victoria. It is named after Charles and William Degraves, pioneer merchants who settled in Melbourne from Hobart, Tasmania in 1849. William Degraves (1821–1883) was also a large-scale grazier and a member of Victoria's Legislative Council between 1860 and 1874.
It is a short, narrow laneway, running north from Flinders Street to Flinders Lane in the central business district of Melbourne. The cobbled bluestone alley forms a busy alternative thoroughfare for commuters disembarking from Flinders Street Station toward the shopping areas of The Block on Collins Street and Bourke Street Mall, loosely connecting with Centre Place, a similar lane just across Flinders Lane. The Degraves underpass was built in the 1950s, one of the few public works at the time, to allow pedestrians to get from Flinders Street Station to Degraves street rather than have to walk across busy Flinders Street. Degraves underpass is also home to Platform Artists Group, and frequently presents new works. Vehicles have only restricted access.
The lane features bars, cafes, and restaurants and many of the taller old buildings have been converted into loft style apartments in the 1990s, adding further life to the street.
Redevelopment of the Mutual Store in 2006 has further enhanced the lane with additional shops.
A vista up Degraves laneway is created by "Majorca House", an ornate 1930s building dressed in faience.