The red-hot Australian housing market has broken another record as the total value of the residential real estate has reached an estimated $8.1 trillion (US$6.2 trillion) in April, property analyst CoreLogic revealed.
“This puts Australian residential property at around four times the size of Australian GDP and around $1 trillion more than the combined value of the ASX, superannuation, and commercial real estate stock combined,” CoreLogic head of research Eliza Owen said.
