Experts Have Revealed The Worst Suburbs In Australia To Buy Property
Did your suburb make the list?
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Experts have warned potential property investors they need to be aware where they invest.
News.com.au have published a list of the top 24 suburbs in Australia “investors need to avoid to steer clear of the danger zone”.
Danger zones are areas where property prices are in a negative growth cycle.
Here’s a full list of the 24 suburbs the report suggest investors avoid:
Tasmania
Rocherlea (houses -12.5%)
Trevallyn (units -25%)
ACT
Gilmore (houses -5%)
Downer (units -39%)
Victoria
Chewton (houses -30.9%)
Lorne (units -37.1%)
East Melbourne (units -15.5%)
QLD
Idalia (houses 43.8%)
Telina (units -32.9%)
Coomera (houses -5.5%)
East Ipswich (houses -3.5%)
South Australia
Solomontown (houses -27.5%)
Eastwood (units -28%)
Mansfield Park (houses -3.9% units -8.4%)
Western Australia
Burswood (houses -37.2%)
Crawley (units -46.2%)
Northern Territory
Katherine (houses -19%)
Marrara (units -18.8%)
New South Wales
Peak Hill (houses -37.2%)
Narooma (units -19.8%)
Brookvale (units -9.8%)
Glenorie (houses -8.3%)
Olympic Park (units -2.3%)
Turramurra (units -4.6%)