Architects of housing fortune

A healthy stock market and strong demand means property gains will continue until the Reserve Bank hikes at least a few times. It seems likely house prices will lift 10 per cent or more in 2013.

House prices are surging and the rate at which prices are increasing is, if anything, accelerating. This should not only kill off the remaining iota of hope for a further interest rate cut, but it could see the Reserve Bank of Australia move to a bias to hike interest rates before year end.

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