Some of Australia’s most sought after suburbs have appeared on a property industry blacklist of markets investors have been warned to avoid due to a higher risk of coming price falls.
The 111 suburbs declared “no-go zones” for buyers by national investment advisory group Positive Property were a mix of high-density inner city areas, regional coastal towns and suburbs that boomed after the pandemic.
The No Go Zones report was based on analysis of multiple economic metrics and housing market indicators across nearly 15,000 Australian suburbs, along with council and building data.
Report author George Markoski, a buyer’s agent and highly successful investor, said suburbs flagged in the research were the “bottom markets” for investors.
“If you buy in a no-go zone, you could lose money,” he said.
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27 of the “no-go zones” were in Perth.
The annual report, normally dominated by mining towns and lightly populated rural centres, was …