According to Terry Ryder, owner of Hotspotting.com.au , you should avoid buying real estate in places like Queensland’s Sunshine Coast and Mt Isa, the Victorian town of Shepparton, and suburban Bankstown in Sydney. Generally it has something to do with a high crime rate, overdeveloped and overpriced markets, or excess traffic congestion.
In some ways he has a fair point to make, and I think the bagging he’s been getting from some of those towns mentioned in the “anti-hotspot” report is an example of denial. We always like to think of our own backyard as being the perfect place to live, and sometimes we don’t like it when some bloke from out of town sends a bit of criticism our way. But I think it can be good to get an outsider to assess things, and point out a few negatives, especially if local government is not doing anything about it. Perhaps those towns should now take up the challenge, turn things around, and get themselves onto everyones list of hot places to live.