The housing market is running out of records to smash, as Australia experiences a perfect storm of easy money, record low interest rates and government incentives. Prices nationally shot up 7% in the three months to May, new CoreLogic data shows, marking the fastest quarterly rise since 1988. The astounding figure was led by Sydney, which rose 9.3% in the short space of 12 weeks, supercharging the quarterly average and dwarfing even the mighty run up seen during 2019.Fuelling all of this is a record amount of credit that is pouring into an already hot market. “Over April 2021, approximately $31 billion was lent for ... (full story)