Mar 12, 2018
New research has refuted one of the most common beliefs in real estate – that areas with high crime rates have inferior capital growth.
It shows that affordable areas attract strong demand, generating above-average price growth, regardless of the local crime statistics. This is particularly so if a cheaper area is undergoing gentrification.
The latest results from RiskWise Property Research which show housing in high-crime areas across Australia is outperforming the general property market
Affordable high-crime areas with significant gentrification are likely to produce strong price growth, particularly when dwelling prices in the inner and middle rings are unaffordable
Examples of suburbs with these findings in Franskton North and Busby
For reading: Crime
areas shine on price growth
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