Weekly Wrap: Australia’s black-listed suburbs revealed

The Australian suburbs named as the worst locations to buy an investment property have been revealed.

Australian suburbs set to boom over the next decade, 34 Queensland suburbs labelled as ‘no go zones’ for Australian investors and Adelaide home prices are almost $86,000 higher than they were this time last year.

Welcome to our weekly roundup of the latest property news, where we look at the top stories in real estate across Australia.

Here are the biggest Australian real estate news stories of the week.

Aussie suburbs black-listed: No go zones named

A massive 111 suburbs across the country were declared “no-go zones” for investors in an annual report by investment advisory group Positive Property.

Of this, 34 Queensland suburbs have been black-listed over a high risk of property price falls making up a third of Australia’s investor no go zones from the Gold Coast to Brisbane to Cairns. There are 11 Sydney suburbs on the list, four in Melbourne and six in South Australia.

See the full list of black-listed suburbs

Queensland

New South Wales

Victoria

South Australia

Aussie suburbs set to boom over next decade

Real estate expert John McGrath takes a look at the Australian locations set to boom over the next 10 years, deciphering the demographic trends affecting property prices and weekly rents today.

Migration is top of mind, with Mr McGrath suggesting regional lifestyle areas will perform as well or better than their city counterparts over the next decade as internal migration patterns continue to shift.

Read more about the Australian suburbs set to boom over the next 10 years.

CEO of McGrath Estate Agents, John McGrath.

How Danny Wallis, the man known as the ‘serial Block bidder’ made his millions

Danny Wallis is the rich-lister known for splashing millions in home-buying sprees on The Block. But he didn’t always have fame and fortune.

Starting his working life behind a lawnmower, making $6 a day in the 1980s and supplementing his wage by raiding bins on rubbish night so he could find bottles for a refund.

Read more about how Wallis’s difficult journey inspired his property investment success.

Danny Wallis is the multi-millionaire Victorian entrepreneur that's become a staple in Australian households ever since he became Danny from the Block - the man who can and does buy half the shows homes with an erratic series of bids.

Victoria’s top real estate young guns real of past year

Victoria’s top real estate agents under 30 are earning millions of dollars in commission every year, according to recent real estate transaction figures.

Nineteen agents aged 35 and under individually traded more than $100 million in property in 2023, including Michelle Stephens who sold a jaw-dropping $214m+ worth of houses in 12 months.

See the full list of top young gun real estate agents in Victoria.

Top young real estate agent Michelle Stephens. Picture: Mark Stewart

Adelaide home prices almost $86k higher than a year ago

Adelaide home prices are almost $86,000 higher than they were this time last year following another month of steady growth.

The latest PropTrack figures reveal the city’s median property price climbed 0.31 per cent in March and 13.47 per cent over the past year to a record high of $723,000.

That’s up $2234 on the previous month and $85,827 higher compared to March last year.

Find out how Adelaide’s median house price growth makes it one of the strongest cities in Australia.

Remember, if you’re house hunting, moving, selling or renovating this weekend we’ve got a whole heap more tips and guides to help you out. Check out the latest property news.