Western Australia’s worst property spots revealed

A new report has identified Australia’s worst property spots, listing 24 negative growth traps for investors to avoid.

Two Western Australian suburbs have made the report, which was based on Core Logic data from the 12 months leading up to November 2017.

Burswood is named WA’s worst housing market performer with a 37.2 percent decline.

Crawley also made the national list because of its unit market which plunged 46.2 percent in value with over supply to blame, according to the report.

Perth saw a 2.7 percent slump overall in dwelling values in the last year, also it indicates the declining trend of recent years is tapering off.

The slump comes as housing affordability is still a major concern for Australians.

Research released by the Salvation Army has revealed almost half the country, 9.9 million, believe owning their own home is unattainable.