Author
Nila Sweeney is a broadcast journalist, print and digital writer and editor with 10+ years’ experience creating hard-hitting content across multi-media platforms.
Previously the Managing Editor of Your Investment Property Magazine, Nila is now a property reporter at the Australian Financial Review.
Tasmania looks to be doing it tough at the moment. While it’s been a consistent but steady performer over the last few years, its relatively subdued population growth and economic performance has kept it from experiencing the surges in value growth that other states – particularly resources states and Victoria – have seen in recent years.
It’s good to be a property owner in Canberra, says Australian Property Monitors (APM) senior economist Andrew Wilson. “It’s a very tight market and it’s getting tighter. Unemployment is 3%, and incomes are rising,” he says.
Property assessment is not a science beyond the realms of the average investor and while valuers make it their business to know the ins and outs of their markets, a few simple principles can help you ensure that you're on your way to paying the right price for the right property - right from the get go.