MT Isa may be the worst place to buy a house, but Sydney's western suburbs dominate a list of 13 of the nation's top no-go zones for residential real estate investors. Housing hotspot specialist Terry Ryder says Parramatta, Bankstown and Blacktown have become the home repossession capitals of Sydney. His website report says Bankstown offers "a smorgasbord" of reasons not to buy, and the Blacktown/Mt Druitt region is regularly held up as a symbol of society gone wrong. Ethnic tensions, high crime rates and aircraft noise are reasons to stay away from Bankstown, and Blacktown/Mt Druitt is no better. "Imagine living in an area where there's an arson attack on a home every second day," Mr Ryder says. Inner-western Chippendale, the site of a planned $2bn redevelopment of the former CUB brewery, is Australia's best investment opportunity. "Parts of the inner west and inner south show plenty of promise," he says. Only two other major capital areas - Melbourne's Lyndhurst and Brisbane's Dinmore - are on the no-go list, which Mr Ryder says is made from observations of the property market based on 26 years as a real estate researcher, writer and investor. Mr Ryder runs a website that attempts to identify property hotspots before they happen. He says his list of worst places to invest is meant to help buyers avoid investment property where prices could fall. "Investors can make big money buying in the right places at the right time," he says. "Equally, they can lose money by buying in the wrong places." The Sunshine Coast is a surprise inclusion because of affordability and infrastructure, an apartment oversupply and dubious marketing practices used by real estate agents. Other no-go zones are the northern suburbs of Darwin and the Northern Territory's Katherine because of a mix of defence-induced inflated property and social problems. Buyers are urged to stay away from flood-prone Giru in far north Queenland, crime-ridden Shepparton in regional Victoria, and polluted and over-priced Esperance and Kalgoorlie in Western Australia. Mr Ryder regards outback Queensland mining city Mt Isa as the worst place to invest. As well as being the most polluted population centre, Mr Isa has inflated prices and low rental returns. The places property investors should avoid * Bankstown, western Sydney, NSW * Blacktown, western Sydney, NSW * Darwin, northern suburbs, NT * Dinmore, Brisbane, Qld * Esperance, southeast, WA * Giru, north Qld * Kalgoorlie, outback WA * Katherine, outback NT * Lyndhurst, Melbourne, Vic * Mount Isa, western Qld * Parramatta, western Sydney, NSW * Shepparton, northern Vic * Sunshine Coast, Qld http://www.news.com.au/business/ ... 617-5013951,00.html [ 本帖最后由 休 于 2008-4-29 09:24 编辑 ] |