Australians' net wealth rising but not from property: RBA chart pack

The average Australian household's wealth is rising, but this is being driven by a rise in financial assets not from property.

The latest RBA chart pack shows a relatively steep decline in net wealth almost in tandem with a decline in dwelling values from 2009 to 2012.

However, since 2012 household wealth has been rising again (albeit still well off pre-GFC highs), while dwelling values have been flat.

Instead a rise in the value of financial assets - cash, shares, deposits etc - has driven the latest boost in household wealth.

Property - principally the family home - still makes up the bulk of household wealth.

net_wealth

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

Comments

Be the first one to comment on this article
What would you like to say about this project?