For your purchase or investment, these are suburbs you should AVOID. The RISK for off-the-plans property is HIGH and you should be aware.
The 10 high-risk suburbs:
– Melbourne, Victoria, 3000
– Docklands, Victoria, 3008
– Mascot, NSW, 2020
– Rouse Hill, NSW, 2155
– Parramatta, NSW, 2150
– Gosford, NSW 2250
– Darwin, NT, 800
– West End, Qld, 4101
– Surfers Paradise, Qld, 4217
– Adelaide, SA, 5000
“While it may be nice to have a shiny new kitchen and bathroom, there is a significant downside price risk as the supply of land for further development is plentiful,” he said.
Investors and homebuyers are far better off seeking apartments in locations where land supply is very low and demand for property high.”.