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Total value of Australian residential dwelling surpasses $8 trillion

The Victorian Homebuyer Fund is a shared equity scheme, meaning that the State’s financial contribution is made in exchange for a share, or some interest. Source: AAP

House prices have grown at their fastest pace on record according to the Australian Bureau of Statistics.

 

There are 10.7 million homes for sale in Australia and they're becoming more expensive.

 

The average price for a residential dwelling is now at almost $836,000.

 

Analysts say there's been another jump up in price - a rise of 18 per cent in the year to August according to CoreLogic.

 


 

 

 

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