Average Net Worth Australia By Age

Average Net Worth Australia By Age. comparison How rich are you compared to other Australians? The median or more typical level of net worth is around $186,500, comprising about $203,000 of assets minus about $17,000 of debts. According to the Australian Institute of Health and Welfare, households with at least one member over 65 had an average net worth 1.5 times greater than younger households in 2017/2018.

Net Worth By Age How Do You Stack Up? My Wealth Money
Net Worth By Age How Do You Stack Up? My Wealth Money from mywealthmoney.com

If you think this figure sounds high - then you're probably right. At this age, the median is much lower than the mean value

Net Worth By Age How Do You Stack Up? My Wealth Money

At this age, the median is much lower than the mean value Net worth in Australia by age As you might expect, the numbers suggest wealth is concentrated among older Australians According to the Australian Bureau of Statistics (ABS), the average net worth of Australian households grew 19 per cent in the decade from 2009-10, when the average was $878,200, to $1.042 million.

comparison How rich are you compared to other Australians?. Average full-time annual earnings Median Australian house price By State NSW $ 1,187,100 VIC $ 1,199,400 QLD $ 790,300 SA $ 917,800 WA $ 868,100 TAS Average household net wealth $1,042,000 The top 20% own 63% of Australia's private wealth The lowest 20%

Average Net Worth By Age How Does It Compare With Others? Financial Freedom Countdown. If you think this figure sounds high - then you're probably right. The median value, $31,025, is approximately half the average salary in Australia.