Do NOT Buy Property in These 5 Areas (2026 Warning)

In this episode of My Next Property, Steve Ash reveals the five Australian areas he believes investors should avoid in 2026.

From Melbourne's oversupplied high-rise towers to Sydney's defect-plagued apartment blocks, Steve breaks down exactly why these "affordable" investments could trap your portfolio. He also makes two bold contrarian calls on areas that will grow in 2026 — but argues the long-term risk far outweighs the short-term gain.

Whether you're a first-time investor or scaling your portfolio, this episode is essential viewing before making your next move.

1:24 — #1: Melbourne Towers — Why Docklands & Southbank are investor traps

4:24 — #2: Sydney Towers — Homebush's defect crisis & six-figure special levies

6:18 — #3: House & Land in North Melbourne — 10%+ vacancy rates & zero scarcity

8:25 — #4: Far North Queensland — Townsville's 70% boom & the mining town warning

12:10 — The Port Hedland precedent — When a boom turns into negative equity

13:52 — #5: Darwin & Palmerston — The most controversial call (20–40% growth, but...)

18:32 — Full recap — All 5 areas summarised with Steve's final verdict

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