Adults June 2019 (18 years and over) totals to 18.655 million Households June 2019: totals to 10 million (approx.) Families: 71½% Single Person: 24½% Group Households (made up of unrelated individuals): 4% Households
|Top 20%||2 Million: Average Net wealth $3.24 million||$AU 6.48 trillion|
|60%-80%||2 Million: Average Net Wealth $1.04 million||$AU 2.08 trillion|
|40%-60%||2 Million: Average Net Wealth $565,000||$AU 1.30 trillion|
|20%-40%||2 Million: Average Net Wealth $230,000||$AU 0.46 trillion|
|Low 20%||2 Million: Average Net Wealth $35,000||$AU 0.07 trillion|
|Total||10 million||$AU 10.39 trillion|
A major source of this wealth ($AU 3 trillion) is in superannuation (pension) funds, with the other major source ($AU 4 trillion) in home ownership at current market values, less any mortgage outstanding. The $AU 3 trillion balance is mostly the current market value less debt of household investments in stocks and shares, in bonds, in bank deposits, and cash on hand in Australia and overseas.
In 2018, 30% of households owned their home outright, 37% of households were in the process of buying their home, and 32% of households were currently renting.
Household Breakdown 2019
Totals 10 million households or 18.65 million adults.
* Some Notes on Adults still living at home Majority 18yrs and 19yrs perhaps 450,000 43% of 20-24yrs*1.567m = 700,000 17% of 25-29yrs*1.665m = 250,000 7% of 30-34yrs*1.704m = 100,000
** Examples of "Other Families" situations are
The Australian statistics above exclude short-term overseas visitors who are visiting Australia for less than 12 months, just as it makes allowances for Australian residents outside the country short-term i.e. for less than 12 months.
The statistics do include foreign citizens, resident greater than 12 months, but not yet qualified for permanent residency (and Australian citizenship). Since 2007 this is about a 3½-4 year requirement. Perhaps 10% of the adult total.
According to the 2016 Census, separate houses continued to account for the largest proportion of Australian homes. However, separate houses decreased from 76% of households in 2011 to 73% in 2016. Semi-detached, row housing, town houses, flats and apartments increased to make up just over one-quarter of housing (26%).
In terms of total buildings in Australia larger than nine square metres, it was estimated by PSMA Australia that in 2018 there were 15,243,669 buildings in the country.
from a report in the Weekend Australian 11th April 2020
Click here for source page based on 2016 Census
75 and over
|1.5m own home||300,000 are renting|
|3.8m own home||900,000 are renting|
|4.3m own home||1.5m are renting|
|3.6m own home||3.2m are renting|
|3.7m own home||2m are renting|
|Total||16.9m own (buying) home||7.9m renting or in "other" accommodation|
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List of countries by wealth per adult
Infogram Household net worth 2003-04 to 2017-18 Australian Bureau of Statistics
ABS Excel Spreadsheet Data Cubes 7.2 Net Worth Quintiles
ABS Managed Funds
ABS Housing Occupancy media release
ABS Excel Spreadsheet Data Cubes 2.4 Household Assets and Liabilities
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