Total value of Australian residential dwelling surpasses $8 trillion

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

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

 

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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