Only in Australia, where the pursuit of property has reached a fever pitch in recent years, could crime not pose a deterrent to would-be buyers.
In fact, recent data suggests that, paradoxically, high-crime rates are actually more akin to an accelerant to price growth.
Analysis by Riskwise Property Research found that suburbs that ranked highly in terms of crime in Sydney and Melbourne also tended to outperform the broader market.
“Our nationwide research actually found gentrifying suburbs with high crime typically deliver strong price growth and outperform the local benchmark,” CEO Doron Peleg said.
“We found 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 severely unaffordable.”
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