Here are the worst suburbs to invest in Melbourne right now.
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Who compiled it
Two directors who own what they recommend.
Nobody stops at one property because they ran out of deposit.
They stop because the bank stops saying yes.
These six suburbs are where that happens fastest. The worst of them costs $30,899 a year.
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Twenty five pages
What's Inside
Six suburbs, named and ranked
What each one costs you a year, and the four reasons we say no.
The bleed, calculated in full
Every assumption published on one page, so you can rerun the maths on your own numbers.
Nine data points per suburb
Yield, vacancy, months of stock, new supply approved, days to sell, hold period and growth score.
The four ratings we use internally
Buy Now, Slow Lane, Avoid and Blacklist. What separates them, and which of these six is a timing call rather than a quality call.
Why our guarantee rules them out
We guarantee 10% capital growth in twelve months, in writing. That guarantee is the reason we cannot buy in any of these six.
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Who we are
Nik and AJ's analysis of the worst places to invest in Melbourne.
Not a research house report written by an analyst who has never signed a contract. This is the internal screen the two of us run before we buy anything for a client, published exactly as it stands.
Nikhil Sreedhar
Ahijith Chandra
Fewer than one per cent of Australians will ever own more than five investment properties. Between us we own nineteen, worth $16m, producing $910k of rent a year. Every suburb in this report is one we have personally ruled out with our own money on the line.
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Do not take our word for any of it.
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Know where not to buy.
Twenty five pages on the six Melbourne suburbs we will not touch, the data behind every call, and what they cost you if you get it wrong.
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This report contains general information only. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to buy, sell or refrain from acquiring any property or financial product. Chinch Pty Ltd T/A Handle Properties Group is a licensed buyer's agency and is not licensed to provide financial product advice, credit advice or tax advice.
An Avoid, Blacklist or Slow Lane rating means a suburb does not currently meet Handle Properties' internal acquisition criteria for client portfolios. It is not a statement about the amenity, community, safety or desirability of any location as a place to live, and it is not a prediction that values there will fall. Several suburbs in this report recorded strong capital growth over the past twelve months and may continue to do so.
Bleed figures are estimates based on the assumptions published in the report. They are pre-tax and exclude depreciation, stamp duty, acquisition costs and vacancy. Market data from HtAG Analytics, dwelling approvals from the Australian Bureau of Statistics, vacancy and listings from SQM Research, current as at August 2026. Those providers are not affiliated with, and have not endorsed, this report. Past performance is not an indicator of future performance. Seek independent financial, legal and taxation advice before acting on anything in this report.
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Download The Bleed List
Melbourne's worst investment suburbs.