Looking at an apartment on Shakespeare Grove. Should Luna Park opposite worry us?

We have plenty of parking with the apartment. But will noise be an issue? Also,what about safety? Is it very dodgy at night if we are returning on trams and walking? We are 2 18-19 year old female students moving from Sydney for The Victorian College of the Arts.
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Helen Wright 2yrs+
WELCOME to MELBOURNE!
Basically a lot of the streets are one way so there should be no issues with noisy cars and the only people who will be parking are the residents. Also the basic rule of thumb is to be street savvy and aware of your surrounding in any city you live in.
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