A list of "no-go zone" postcodes for property investors has been flagged in a recent report by real-estate firm Positive Property.
The report highlighted areas across Australia where property values could be hit hard after considering factors such as a potential oversupply of housing combined with decreasing buyer demand due to rising interest rates and an uncertain economic landscape.
It emphasized the key pieces of information that investors must analyze before committing to a property, such as vacancy rates and building approvals.
The data revealed that certain suburbs across Queensland and New South Wales are the worst places to buy property, including areas like Moranbah, Dysart and Mackay.
Areas in Sydney were also included in the report, including Asquith, Ropes Crossing, Lilyfield and Darling Point.
Positive Property founder George Markoski said:"It is more beneficial to go to a place with tighter supply, because wherever there is a lack of supply there is more demand."
He added: "A lot of the places on the 'no-go zone' list have a high vacancy rate, which is a red flag people aren't interested in these properties."
