House prices set to boom in 2014

House prices could rise 18 per cent in 2014 said SQM Research property analyst Louis Christopher.

Sydney prices could increase by as much as 30 per cent. Melbourne and Brisbane house prices will rise between 4 and 7 per cent in the most conservative scenario.

Former RBA board member Professor Bob Gregory said a property bubble “just seems to be inevitable.”

“The only question is when.”

Source: Australian Financial Review