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The places not to invest in Posted: 2014-06-11 10:19:00 The unit market in Melbourne is oversupplied according to Terry Ryder. Vacancy rates in areas affected by mining such as Gladstone have risen significantly in the past two years. Source: Supplied WHILE demand for real estate might be hot in many suburbs, investors are being warned against buying in Australia’s most oversupplied markets. According to property analyst Terry Ryder of hotspotting.com.au many investors will end up getting burnt once all proposed stock is built and they can’t find a tenant prepared to pay a decent rent. He has come up with a list of the top ten markets to avoid and five markets to treat with caution. Half of the markets he advises against investing in, are in Queensland. SECOND PROPERTY OWNERSHIP EXPLODES BARGAIN SUBURBS WHERE SELLERS DROP THEIR PRICES A boom in the mining industry in Moranbah saw demand for property skyrocket before it dropped.   Source:  Supplied TERRY’S TOP TEN MARKETS TO AVOID: Brisbane inner-city, Qld Emerald, Qld Gladstone, Qld Gracemere, Qld Hunter Region, NSW Mackay, Qld Melbourne inner-city, VIC Moranbah, Qld Perth inner-city, WA Port Hedland, WA The Gold Coast unit market is one to still treat with caution, according to Terry Ryder. Picture: Jono Searle   Source:  News Limited FIVE MARKETS TO TREAT WITH CAUTION: Canberra, ACT Darwin CBD, NT Gold Coast Qld Mudgee, NSW Sydney inner-city, NSW Source: hotspotting.com (listed in alphabetical order) The unit market in Perth is already in oversupply, according to Terry Ryder.   Source:  News Corp Australia Mr Ryder says supply is the factor most overlooked by property investors, but it can have a significant impact on how their investment performs. “If high population growth was the core element in a good locational choice, the leading capital growth performers in the past five years would have been the Gold Coast and Wyndham City in the southwest of Melbourne,’’ he said. “The opposite is true in those markets. The forgotten factor is often supply.’’ The unit market in Melbourne is oversupplied according to Terry Ryder.   Source:  Supplied He says the two current “danger situations’’ in the market are inner city apartment markets and regional centres where a rise in supply coincided with a drop in demand, as is the case in many coal mining areas. Mr Ryder says that is why Queensland is over represented in the list. Mining towns have experienced a rapid rise in vacancies and an equally rapid decline in rents and property values, as demand dried up. “It will be some time before investors can be enticed to buy in such places again,’’ he says. Mr Ryder says given that Melbourne, Brisbane and Perth already have major surpluses of inner-city apartments, and Sydney, Canberra and Darwin are heading in that direction. A good strategy for property investors is to simply avoid CBD unit markets altogether.

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21 Shelduck Bend, HARRISDALE 6112 VOGUE PRESENTATION Located in the heart of Harrisdale on a 584sqm block, this stunning 4 bedroom, 2 bathroom with show-home presentation will not disappoint! Step inside this Celebration built home and see the quality. Features include: - Beautiful Bamboo flooring throughout.  - King sized master bedroom, complete with his and hers walk-in robes. - Ensuite is stylish with glass doors to the shower and separate toilet. - Bedrooms 2, 3 and 4 are all a good size with double robes.  - Formal lounge at the front of the home can be closed off to the kitchen and living areas.  - Large open plan kitchen, meals and family room which is perfectly located for the entertainer.  - The kitchen has modern decor which flows through the home, stainless steel appliances and spacious walk-in pantry.  - Ducted evaporative air conditioning throughout. - Alarm system.  - Quality window treatments.  - Large dome patio.  - Low maintenance gardens at the rear and front of the home.  - Large water feature and decorative seating around the garden.  - Small garden shed which has been located away from the entertaining area.  - Exposed Aggregate completes the tasteful landscaping at this property. - Double lock up garage - parking for up to 6 cars or caravan.  Don't wait, call Raewyn now for a viewing. Property Summary » Property Type:  House Land Area:  584 sqm Highlight Feature:  Family Highlight Feature:  Gas Connected Highlight Feature:  Games Highlight Feature:  Gas HWS Highlight Feature:  Insulation Other Features:  Air Conditioning Bedrooms:  4 Bathrooms:  2 Garage Spaces:  2

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