The Sutherland Shire in Sydney topped this year's listing of the worst areas in the nation for real estate investments, as compiled by real estate analyst and writer Terry Ryder in his annual 'No Go Zones' report released Wednesday.

Mr Ryder said that the Shire, located south of the city and home to Reserve Bank of Australia (RBA) governor Glenn Stevens, captured the number one spot thanks to its poor road links going to the central business district and its poor capital growth.

He also listed ten more locations in NSW, Queensland, Victoria, Western Australia and Tasmania that he said investors should avoid as "there are better and safer places to put their money."

Mr Ryder said that all places which made the list share the following characteristics: overheated prices, volatility, oversupply, lack of affordability and poor track record.

He added that substantial considerations were also given to some general issues such as pollution, noise and environmental concerns.

Mr Ryder warned that prospective investors should maintain vigilance, specifically those who are purchasing properties through online facilities, as "the detrimental features which can harm property investment strategy are not always readily apparent."

He said that unknown to many, Australian real estate in sea change locations attract poor capital growth and could only give inferior turnovers for investors, and such places are Byron Bay in NSW and Sunshine Coast and Gold Coast in Queensland.

The complete list consists of Breakfast Point, also in NSW, Lyndhurst in Melbourne, the Melbourne suburbs, Mount Isa in Queensland, Kalgoorlie in WA and the Roseberry/Zeehan are of Tasmania.