Macquarie Bank names risky suburbs for appartments

Many bidders at the auction?

 

Apparently my cousin bid pretty strongly. I have to admit, that's exactly where I would want to buy too, and the same sort of product. Its near transport (easy to get to 2 train lines), wide leafy street, cafe culture, close to city, low maintenance, big park nearby, great appeal.... it just ticks all the boxes.

 

The more apartments the merrier

 

Very suprised liverpool is not on this list the amount of aparments that are being built and that are aproved in the area is pretty crazy

 

I agree, coming from Darwin, it really stood out to me.

 

Can't see how 6003 can be risky. There aren't masses of units there, and if you work in the city you wouldn't need a car, you could walk or bus it. More young people are buying up these units so they don't have to pay huge for parking. I live in 6003 and I see plenty of them walking to work. I would be surprised if these units lose value.

 

Many of the banks have similar restricted area lending policy on inner city apartments.

 

Such as 2017, 3008, 4000 ...etc post code

 

You really think there is that many ? a lot of the newer ones are already occupied for some time, there is only that tall monster going up, it would have been all sold to Chinese I suspect, it may be the one to keep away from.

PS in the city area there around Waterloo, there was too many units there and lots of construction before Sydney's boom, it is a true concrete jungle.

 

Their is so much in the pipeline I know their is like another 3 additonal appartment blocks that will have 100 plus units in each development and a lot of the houses near the westfields are being sold to developers. I do think Liverpool does have some longer term growth prospects but their def will be a over supply I think.