According to real estate website Realestate, every state in Australia has at least one area on the National Dirty Dozen list of worst home buyers. Among them, new state and Kunzhou each have 3 areas for risk purchase area.
According to Reid (Terry Ryder), a real estate analyst, there is a significant decline in sales activity in all housing gap areas, high vacancy rates and falling house prices.
(photo of property website Realestate)
New states:
Sydney`s Balamata (Parramatta) is listed as a home-buying risk zone, with better growth momentum, infrastructure and employment opportunities in the region, but the market was once oversupplied and property trading activity was reduced.
There are also risks in the condominium market south of Sydney City, including Musco (Mascot), Vorrah Creek (Wolli Creek), Waterloo (Waterloo) and Zetland (Zetland), where property sales have plummeted.
Another area on the list is Sydney`s Olympic Park, (Sydney Olympic Park), one of the worst performing markets in Sydney`s housing market, with not only reduced sales but also the highest vacancy rate in Sydney`s metropolitan area.
Kunzhou:
The housing market in Brisbane is the worst in Australia. There are currently nine urban areas in the metropolitan area of Brisbane that are considered to be at risk.
These include a vacancy rate of nearly 10% for CBD, 8% for (South Brisbane), in South Brisbane, and a vacancy rate of 8% for South Brisbane. In addition, the vacancy rates of (Fortitude Valley), kangaroo Cape (Kangaroo Point), Kelvin Grove (Kelvin Grove), Milton (Milton), Bowen Mount (Bowen Hills) and Hamilton (Hamilton) were about 6%.
Another area on the list is the lacklustre housing market in the (Mount Isa), area, with few successful sales in a quarter such as Memphis (Menzies), Palnier (Pioneer) and Melander (Mile End).
The third one on the list is some resource-based towns. These include Rom (Roma), Mills, (Miles), Wandoan (Wandoan) and other southwestern towns, as well as Claremont (Clermont) and Corinthville (Collinsville) in central Queensland.
Melbourne`s condominium market is oversupplied and is considered a risk zone for home purchases. Including Hawthorne (Hawthorn), Hawthorne (Hawthorn East), the urban areas have seen a marked decline in sales.
Parts of Perth`s urban housing market has recovered, but there are still risks in the inner city`s apartment market. Among them, median house prices in Como (Como) and South Perth fell 6 to 7 percent from three years ago.
South Australia only Waiala (Whyalla) is listed as the purchase difference area.
Mr Ryder said the region`s housing market had been affected by a recession in the resource sector. Local mining company Arrium is in trouble, but there are already buyers, so the housing market is expected to return.
Northern Territory:
The housing markets of Darwin and Palmerston (Palmerston) are declining, especially in the housing market. Vacancy rates are high in both regions, and house prices and rents have been falling.
State of Tahrena:
Although Tazhou has gradually become a hot real estate market, some small towns in the west are still home-buying areas. In areas such as the Queen`s towns of (Queenstown), (Zeehan) and Rosbury (Rosebery), for example, the housing market collapsed after fewer resource projects.
