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MD Emren

MD Emren

Top 10 danger zones of 2020 - Gosford ranks #1

11Mo ago 0 Replies 343 Views
The NSW suburb topped the list due to a number of factors including the recent bushfire risk, oversupply of units (at more than 72 per cent of existing stock) and that units unsuitable for families were not in high demand.Sydney+suburbs
It is hard to convince prospective buyers that this is the best investment they can make when there are plenty of other options available.
Another at-risk area is the suburb of Mascot with 1,061 units in the pipeline, at an addition of 17.67% to existing stock, and where news of the construction defects impacted the entire suburb.
Areas outside of Sydney and Melbourne, such as Darwin, experienced overall weakness in the property market due to low population growth (the Northern Territory was the only state in Australia that experienced population loss in 2017-18).

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