Risks of the Property Market

Recent CPA Australia article written by Lachlan Colquhoun commented on risks that investors should be aware of and consider.
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This article also outlines on two sides of comments by investors, banking institutions on what is likely to happen to the property prices in the coming years.

Some urge warnings about the likely collapse and a burst bubble in the property market while some even forecasted for a further gain in some property markets like Sydney.

Which side of comments do you support?
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Source: In The Black - "What you should know about the risks of the property market" by Lachlan Colquhoun