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To be able to walk to Uni will still be appealing. But I agree that student apartments in Carlton/Parkville/North Melbourne will face more competition from afar in this scenario. This new train line will also mean some sorts of duplication of the tram lines on Elizabeth and Swanston St between...

Construction of the South Morang extension is scheduled to begin in 2010 and be completed in 2013: http://www.transport.vic.gov.au/web23/Home.nsf/AllDocs/472EB9B4E7AF4729CA257625001C5D90?OpenDocument

I don't think so. Proximity to a train station, particularly an underground one, will be an advantage. Now residents need to take a tram to the CBD. With the new train line, they can bypass the tram and take the much faster train. Quite a number of tram passengers on Elizabeth and Swanston...

I thought you would have suggested an inner east or north suburb.

According to http://www.walkingmelbourne.com/forum/viewtopic.php?f=11&t=5991 the new station will be placed under the former Dental Hospital site, opposite the Haymarket Roundabout, which will also be the site for the new Peter MacCallum Cancer Centre as well

I had just purchased my first IP one month ago so I am a seasoned investor? I don't know whether you mean it or you are being sarcastic. When I bought my PPOR in Altona 2 years ago, the mortgage broker told me that she thinks Altona is undervalued. The house price in Altona had fallen quite...

Thanks Feihong, a very good source of information indeed!

What do you think are the undervalued suburbs in Melbourne? What factors do you consider or signs that you see that help you arrive at the conclusion that a particular suburb is undervalued? Also, what do you think are the overvalued suburbs?