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15 Jul 2021

Australian Household Wealth: AU$14 trillion

Very much doubt that it will come as any surprise that the vast majority of Australian household wealth is built on residential property.

Australian households have amassed AU$14 trillion in wealth and almost AU$7 trillion (half) of that wealth is made up of residential property followed by superannuation in a distant second with AU$2.8 trillion in assets.

The primary residence has been the bedrock of wealth during the whole of my three decades to date and is likely to continue while the taxation benefits make it so advantageous.

However, even though we do professionally love the primary residence it is important to remember that you cannot eat bricks or sell a bathroom when you need cash.

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At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.

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