House prices across Australia's major cities are growing at their fastest rate since 2010, with Sydney's market surging to its quickest pace in nearly 15 years.

Prices for the combined capital cities jumped 12.9 per cent in the year to March, the highest annual growth rate since May 2010, according new data from market information company CoreLogic. Sydney recorded an 18.9 per cent jump in house prices over the year – its fastest rate since November…