Part of the aforementioned chase also takes place in and around various parts of the Peak Tram system. The first bit we see if the bridge over the tram track along MacDonnell Road in the Central Mid-levels area. Of course the tram still plows the same path it has done since day 1 but the surrounding areas have seen inevitable change and redevelopment.
What's changed? Well, the bridge is still there and it looks as though the same concrete balustrades are in place today although the bridge has had some sort of platform added on the higher side - perhaps to prevent people falling directly on the track? The bridge sides are quite low and it would be fairly easy for someone to be stupid enough and lean over and lose their balance. Here is the contemporary Streetview version.
One thing to note is that whereas ol' Bud runs up to a house at the side of the track (and then hijacks a parked car in front of the house) these days the house has been replaced by a large apartment complex called "Silvercrest".