a month ago

Australias Worst Performing Suburbs

These were the worst-performing suburbs across each state (suburb/percentage price decline):


NSW

Church Point houses / -25.3 per cent (2105)

Mangerton units / -43.9 per cent (2500)

Victoria

St Kilda houses / -28.7 per cent (3182)

Aberfeldie units / -35.8 per cent (3040)

Queensland

Sunset houses / -27.9 per cent (4825)

Beachmere units / -49.8 per cent (4510)

Western Australia

Kambalda West houses / -35.9 per cent (6442)

West Busselton units / -31.6 per cent (6280)

South Australia

Port Macdonnell houses / -22.8 per cent (5291)

Allenby Gardens units / -28.7 per cent (5509)

Tasmania

Shorewell Park houses / -26.9 per cent (7320)

East Launceston units / -14.2 per cent (7250)

Northern Territory

Bakewell houses / -19.8 per cent (832)

Nightcliff units / -32.2 per cent (810)

Australian Capital Territory

Mawson houses / -8.7 per cent (2607)

Phillip units / -26.4 per cent (2606)

Softening market

Across the country, the auction clearance rate rose slightly last week to 55.2 per cent, but this is still down significantly from the same period last year when 66.1 per cent of homes cleared at auction.

And according to finder.com.au analysts, homes across the country are set to plummet in price even further.




2016: Buy now or never, you cannot lose on property. Rent money is dead money.

2019: Housing to drop 50% - what happens next?


Above is a great unbiased explainer on the possible future of Australia.



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