The Australian has reported that Parramatta, Bankstown and Blacktown have become the home repossession capitals of Sydney.
Terry Ryder, property reporter, states that Bankstown offers “a smorgasbord” of reasons not to buy, and the Blacktown/Mt Druitt region is regularly held up as a symbol of society gone wrong.
Ethnic tensions, high crime rates and aircraft noise are reasons to stay away from Bankstown, and Blacktown/Mt Druitt is no better.
The places property investors should avoid
* Bankstown, Western Sydney, NSW
* Blacktown, Western Sydney, NSW
* Darwin, Northern Suburbs, NT
* Dinmore, Brisbane, QLD
* Esperance, Southeast, WA
* Giru, North QLD
* Kalgoorlie, Outback WA
* Katherine, Outback NT
* Lyndhurst, Melbourne, VIC
* Mount Isa, Western QLD
* Parramatta, Western Sydney, NSW
* Shepparton, Northern VIC
* Sunshine Coast, QLD