If I owed $500k on my house loan last year , and I owe $480 k...

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    If I owed $500k on my house loan last year , and I owe $480 k this year, does that mean I now owe $980 k ?
    I dont follow how QLD owes $80 B, if you have to add in the last years debt levels as well.

    Please explain?

 
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