Reform calls to rise as residential property hits $7.1 trillion nationally
CALLS for housing market reforms are expected to “grow louder” with the housing market passing its fifth year of growth, hitting $7.1 trillion in value nationally.

The latest CoreLogic Quarterly Housing and Economic Review found that despite combined capital city dwelling values hitting their slowest quarterly growth rate since December 2015 (0.8 per cent), Sydney and Melbourne were still powering ahead.

CoreLogic found Sydney and Melbourne were the only capital cities to record double-digit value growth in the past year, rising 12.2 per cent and 13.7 per cent respectively.

Growth over the past 12 months came in at 9.6 per cent nationally, said CoreLogic research analyst Cameron Kusher, with residential property now estimated at $7.1 trillion.

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