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Worst suburbs to buy in 2016

Discussion in 'Where to Buy' started by Barny, 12th Dec, 2015.

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  1. Barny

    Barny Well-Known Member

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    Inspired by the opposite thread of best suburbs to buy in 2016. What are your predictions that will be the worst hit suburbs of 2016. Perhaps we can look back and see what has dropped the most.
    To keep it real as most of us wouldn't buy in mining towns in today's invironment, so let's not include them.

    Your predictions?
     
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  2. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    Logan
     
  3. Special order

    Special order Well-Known Member

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    I would probably just be cautious around suburbs that have had a strong upswing over the last few years
     
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  4. Special order

    Special order Well-Known Member

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    I'm starting to love it how people bag Logan yet it continues to deliver
     
  5. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    Good luck mate, all the best
     
  6. Special order

    Special order Well-Known Member

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    Every time I get my 6 monthly vals in from my Logan properties I2 get extremely excited.
     
    Last edited by a moderator: 12th Dec, 2015
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  7. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    The pockets of western Sydney that exploded, everywhere there are too many OTP apartments built and on the way, some mining towns.
     
  8. sash

    sash Well-Known Member

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    Sydney market in general...esepcially....Western and Southwestern Sydney..... a major correction is underway....
     
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  9. Greyghost

    Greyghost Well-Known Member

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    No idea...
     
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  10. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Worst places to buy in my opinion...places like Port Macquarie....parts of Wagga Wagga..(going down in value)..Moree....Wellington (overpriced country town)
    Parts of Newcastle. .jesmond...birmingham gardens...windale (drops in sales and overstock)
     
  11. C-mac

    C-mac Well-Known Member

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    Sydney: OTP in Green Square/Zetland/Mascot
    Brisbane: OTP in Brisbane CBD/Fortitude Valley/Newstead
    Melbourne: OTP in Melbourne CBD/Docklands and surrounds
    Gold Coast: OTP in Surfers Paradise and surrounds
    Perth: StI'll hasn't finished bottoming out (but 2017 might be the time for Perth!)
    Darwin: Same as Perth, really

    Regionally: Most mining towns as mentioned, but I'd also lump in:
    - Toowoomba (peaked it's boom and facing oversupply issues now)
    - Townsville (good multi-diverse economy but with insurance policies still expensive, the numbers struggle to 'work' for most prospects...)
    -Geelong (Overheated after following suit from Melbourne, plus more supply coming on)
    - Bathurst (HTW suggests market peak here)
     
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  12. norwoodman

    norwoodman Well-Known Member

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    Poor Townsville is going to absolute cop it confidence wise if the Yabulu nickel refinery does end up going into administration - that's turned into a bit of political football between Palmer and the QLD Government.
     
  13. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    I've started to notice this as well. 6 months ago almost every freestanding house in the Penrith City Council area was $500k+ now there's a few at the $450k mark. A lot of properties are sitting on the market at thos 6+ month ago prices and aren't moving.
     
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  14. sash

    sash Well-Known Member

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    If that is the case....the Druie has no hope!

    Penrith is a much better suburb
     
    Last edited by a moderator: 4th Nov, 2016
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  15. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    My mother in law had to buy up in the blue mountains at Hazelbrook to be mortgage free after selling a house in Kingswood and waiting too long to buy another place. The prices have almost come down enough now that she will be able to move back to the area (I'd be staying in the mountains for retirement personally! )

    The upper blue mountains didn't see the same gains as western sydney so the prices have held pretty steady.

    Also the infrastructure hasn't keep pace with the population. I think all the work being done for the airport will only be enough to to alleviate the current commuter chaos, throw in the industry that the airport brings and we're back to gridlock.
     
  16. trinity168

    trinity168 Well-Known Member

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    Would be good, and most folks have provided their reasons for stating the suburbs which they think are not worth buying in 2016 and not just state the suburb name without opinion.

    I'll go with suburbs that still have plenty of contruction cranes around Sydney.
    OTP in North Ryde, oversupply.
    OTP in Carlingford, oversupply.
    Western Sydney - Druie and beyond. Prices have gone up, investors have exited that market.
     
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  17. Tenex

    Tenex Well-Known Member

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    Really? Western Sydney where an airport is going in, Australia's biggest shopping centre is approved to be built, huge railways are being built around it, Parramatta is predicted to get bigger than Sydney CBD, parramatta river being turned into a beach, they are even expanding the highways around western Sydney and inner west, not to mention yet another theme park approved to be built, is going to be a bad buy but Brisbane is a good buy?

    Truth be told no one knows what's going to happen but some of the comments here tend to be very random rather than having any thought behind them
     
    Last edited: 14th Dec, 2015
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  18. MTR

    MTR Well-Known Member Premium Member

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    Mandurah
     
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  19. trinity168

    trinity168 Well-Known Member

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    It's worst suburbs to buy in 2016 tho ... so IMHO, the western Sydney will stabilize a bit. Sydney in general will be flat after the peak.
     
  20. larrylarry

    larrylarry Well-Known Member

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    Perhaps there needs to be qualifications such as timeframe. Some are probably not the ones to invest within the short term.