Byron Bay listed as one the worst places to buy a new home

BUYERS are being warned that homes in Byron Bay and the Sydney suburbs of Sutherland and Breakfast Point are real estate poison.

Property analyst Terry Ryder, of Hotspotting, nominated the spots as toxic real estate in his latest No-Go Zones Research Report.

"It's as valid to warn people the places they should avoid as telling them where to buy. They are spending a lot of money and it can be a financial disaster," Mr Ryder said.

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