Australia's Household Wealth Rose by 3% in September Qtr

  • Dec 19, 2019 AEDT
  • Team Kalkine

As per the Australian Bureau of Statistics (ABS), the total household wealth improved by 3 per cent to a record high of $10,912.4 billion in the September quarter 2019, driven by real holding gains (inflation adjusted) on residential real estate.

ABS also reported the following statistics:

  • 3 per cent rise in September quarter follows a 2.6 per cent increase in the previous quarter.
  • Average household wealth rose to $428,573.5 per person, highest on record.
  • Through the year, household wealth improved by 4.3 per cent, driven by growth of 1.9 per cent in population and 2.4 per cent in household wealth per person through the year.

 

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