What are the most undervalued suburbs in Melbourne?

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Here's my take:

1. North Melbourne - very close to the city without the Port Melbourne price tag.
2. Doncaster - the next suburb to take off inn a big way as it is so close to Balwyn, Camberwell, Surrey Hills.
3. South Morang - if you want value for money and big homes great value, just be prepared to travel.

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