Where is the property market heading?

What’s happening in the property market?

It’s a question being asked in many households, by sellers, buyers and renters.

The prime minister describes the housing market as bonkers and wants new rules on negative gearing and capital gains tax, to put the brakes on prices.

So where’s the market heading?

A Current Affair spoke to Domain property editor Alice Stolz.

Watch the interview in the video player above.