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03 July 2022 Posted by 

PROPERTY INVESTORS URGED TO AVOID VINEYARD

VINEYARD has been included in a list of the suburbs investors should avoid buying properties in this year.
 
The median selling price in May 2022 was a hefty $1.92M. The average annual price growth during the past 10 years was 13.8%.
 
Property data experts Suburb help revealed the top 20 locations for investors to avoid in the current volatile market.
 
They warned property investors to steer clear of certain house and unit markets around Australia. The worst suburbs to invest in were in Victoria.
 
The quarterly ‘Suburb Help Where Not to Invest Report’ identified the top 20 house markets and the top 20-unit markets that investors should avoid right now.
 
The research began by considering every suburb in Australia, before filtering many of them:
 
● To make sure every suburb had a legitimate property market, suburbs were excluded if they had fewer than 20 properties listed for sale.
● To make sure every suburb had a soft property market, suburbs were excluded if their days on market was less than 40 days, their inventory level was less than six months and their inventory level had increased by less than three months during the past year.
 
The result was a list of Australian suburbs that had legitimate – and soft – property markets. To establish a top 20 ranking, suburbs were then ranked based on total listings from highest to lowest.
 
The 20 house markets investors should avoid are spread around Western Australia (10), the Northern Territory (6), Victoria (3) and NSW (1).
 
The 20 worst unit markets are in NSW (11), Western Australia (6), Victoria (2) and the Northern Territory (1).


editor

Publisher
Michael Walls
michael@accessnews.com.au
0407 783 413

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