Business
Sydney, Melbourne dotted with off-the-plan property ‘danger zones’ – Sydney Morning Herald
New-build apartments and off-the-plan units in certain areas of Sydney and Melbourne have been listed as “danger zones”.
Doron Peleg, the chief executive of RiskWise, says there is heightened risk with some off-the-plan apartments
Doron Peleg, chief executive of RiskWise, says buyers should be extra cautious because the risk of buying off the plan has increased in the wake of the pandemic.
He sees the biggest risks for apartments in the Sydney suburbs of Mascot, Rouse Hill and Parramatta as well as in Gosford on the NSW Central Coast.
In Melbourne, he cites off-the-plan units in the CBD and nearby Docklands as…
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