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Australia’s 24 suburbs investors need to avoid What does a million dollars buy in Aussie capital cities?1:17 Buying a home in Australia can cost a fortune. Take a look at what a million dollar house looks like in each capital city. THERE’S plenty of talk about real estate hot spots, but one property investment specialist says Aussie investors also need to be warned of negative growth areas — apparently there’s a couple of dozen of them across the country. Suburbanite founder and director, Anna Porter, has produced a report — using data for the 12 months to November 2017 sourced from CoreLogic — which points to 24 suburbs “investors need to avoid to steer clear of the danger zone”. Ms Porter said the report is produced annually to aid investors in avoiding negative growth traps around the nation. Anna Porter says it’s not all as it seems in suburbs like Turramurra and Brookvale.Source:Supplied “We build this report to help everyday Aussies steer clear from the danger zones and avoid the negative growth trap,” she said. “I compile this report every year to empower people to make decisions on actual numbers ...” In NSW, Ms Porter said that Brookvale and Glenorie were two suburbs with a lot of false hype around them. She said the unit market in Brookvale witnessed declines of 9.8 per cent, and that “the prestige pocket housing market of Glenorie NSW has seen an 8.3 per cent decline.” She said the situation was similar in east Melbourne, with the report indicating a decline of 15.5 per cent “which can be attributed to an oversupply that has not recovered despite it’s CBD location and popularity”. In a silver lining for Victorians, Ms Porter said that for the most part the declines wouldn’t affect too many investors.Simple Ideas On Deciding On Critical Aspects For Mortgage Broker Melbourne