Despite the fact that many Australian markets are growing strongly or moving confidently into an up-swing cycle, there are markets still in the doldrums which should be avoided by investors.
Our latest No Go Zones report gives you 10 markets that are in a down-swing phase or awaiting new infrastructure to bring them out of decline. These are areas where supply has out-stripped demand, vacancy rates are high and sales are low.
There are two main “danger situations” at the core of this report:
1) city apartment markets heading toward major oversupply; and
2) regional centres where a rise in supply (through new development) has coincided with a decline in demand (through downsizing in the resources sector or through increasing use of temporary workers camps).
The No Go Zones report is designed to inform investors of the markets that should be avoided at the moment.