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.
The economic winds have not been kind to Tasmania over recent years. Never a state that’s experienced strong economic or population growth, the key forestry and tourism industries have taken a buffeting since the GFC – with a corresponding drag effect on the property industry.
A year ago, this column suggested that the Darwin market was ‘in limbo’ due to the delay of a formal decision on the gargantuan Inpex project. Twelve months later, we’re still waiting for a decision – and the market’s still running in neutral.
The Melbourne market has been slowing since last winter: it seems that the big freeze is well and truly taking place at present.