The King Valley, or King River Valley is a wine-producing and agricultural region centred on the King River between Wangar… atta and the Alpine National Park in the North East Victoria zone of the Australian state of Victoria. This region is also the Australian home of Italian Varietal Wines including Prosecco, Sangiovese and Nebbiolo. King Valley is leading the way for premium (and VERY good value) Pinot Grigio. This region is also the Australian home of Italian Varietal Wines including Prosecco,