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. This means Australian real estate is now more than the gross domestic product of every country in the world except the United States and China. Markets have now peaked, according to CoreLogic, and Owens said the strong growth is putting homeownership future out of reach for many Australians trying to join the market. “Wages growth simply isn’t keeping pace,” Owen said. However, the rise of prices is not affecting demand, with high numbers of Australians swamping the banks …