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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.
Yet again, Darwin has confounded the critics. With its median house price increasing by 280%, predictions that its decade-long growth spurt is coming to an end seem to be premature, with RP Data crowning Darwin as the best performing city for capital growth over the year leading up to January 2011. It was also the only city in Australia that showed an increase in the median house price in January, growing by 2.5% to $550,000.
Adelaide has experienced a slow growth patch of late, but property professor Peter Koulizos puts this down to the nation’s current economic situation rather than pressing local issues.
When you own a strata titled property, it generally means that you own a portion of a larger dwelling or complex.