It’s easy to be misled by media hype into believing you’ve missed the boat if you didn’t buy in 2013. Many writers have characterised last year as a boom market nationwide.
The truth is that only Sydney among the capital cities had a boom year. Some of the others had good years, with solid growth, while some only began to lift in the latter part of the 2013.
So there is plenty of growth to come in most of our cities. I’m expecting solid price growth in Brisbane, Perth, Sydney, Melbourne, Adelaide and Hobart. Darwin, however, appears to have peaked and is unlikely to have a big year in 2014 and Canberra is struggling.
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