Total value of Australian residential dwelling surpasses $8 trillion
![Housing affordability](https://images.sbs.com.au/dims4/default/e4db2eb/2147483647/strip/true/crop/1800x1013+0+87/resize/1280x720!/quality/90/?url=http%3A%2F%2Fsbs-au-brightspot.s3.amazonaws.com%2Fdrupal%2Fyourlanguage%2Fpublic%2Fpodcast_images%2Fproperty_prices_reach_an_all-time_aap.jpg&imwidth=1280)
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. It's putting more strain on affordability, as economic pressure due to the COVID pandemic continues.
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