Australia Household: Net Worth data was reported at 16,951.800 AUD bn in Dec 2024. This records an increase from the previous number of 16,808.100 AUD bn for Sep 2024. Australia Household: Net Worth data is updated quarterly, averaging 5,222.650 AUD bn from Sep 1988 (Median) to Dec 2024, with 146 observations. The data reached an all-time high of 16,951.800 AUD bn in Dec 2024 and a record low of 1,204.100 AUD bn in Sep 1988. Australia Household: Net Worth data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.AB045: SNA08: SESCA08: Balance Sheet: Households.

In the 2018 financial year, the 90th percentile in Australia had a household net worth reaching about 2.93 million Australian dollars. By comparison the 10th percentile had a household net worth of 31,400 Australian dollars.

Australia Household Net Worth: 2013-14p: Mean: Non Family: Lone Person data was reported at 536,800.000 AUD in 2014. Australia Household Net Worth: 2013-14p: Mean: Non Family: Lone Person data is updated yearly, averaging 536,800.000 AUD from Jun 2014 (Median) to 2014, with 1 observations. The data reached an all-time high of 536,800.000 AUD in 2014 and a record low of 536,800.000 AUD in 2014. Australia Household Net Worth: 2013-14p: Mean: Non Family: Lone Person data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H032: Survey of Income and Housing: Household Net Worth: by Family Composition.

Australia General Government: Net Financial Worth data was reported at -731,427.000 AUD mn in Sep 2024. This records a decrease from the previous number of -697,174.000 AUD mn for Jun 2024. Australia General Government: Net Financial Worth data is updated quarterly, averaging -454,637.000 AUD mn from Jun 1999 (Median) to Sep 2024, with 51 observations. The data reached an all-time high of 140,765.000 AUD mn in Jun 2008 and a record low of -940,175.000 AUD mn in Sep 2021. Australia General Government: Net Financial Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.IFS: Government Finance: Balance Sheet: Quarterly.

Between 2016 and 2021, Sydney was home to the largest number of ultra-high-net-worth individuals (UHNWIs) in Australia, and is expected to maintain this status until at least 2026. An UHNWI is defined as an individual with net investable assets worth at least ** million U.S. dollars. The number of UHNWIs living in Australia is above the global average.

Australia Households: Net Worth data was reported at 11,381,211.000 AUD mn in 2020. This records an increase from the previous number of 10,591,732.000 AUD mn for 2019. Australia Households: Net Worth data is updated yearly, averaging 6,615,598.500 AUD mn from Dec 2005 (Median) to 2020, with 16 observations. The data reached an all-time high of 11,381,211.000 AUD mn in 2020 and a record low of 4,372,832.000 AUD mn in 2005. Australia Households: Net Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.FSI: 2006 Methodology: Sectoral Financial Statement: Balance Sheet: Annual.

In 2022, Australia had the highest median wealth worldwide of the countries included, reaching nearly ******* U.S. dollars. Belgium and Hong Kong followed behind.

Australia State and Local: General Government: Net Worth data was reported at 1,231,057.000 AUD mn in 2017. This records an increase from the previous number of 1,131,579.000 AUD mn for 2016. Australia State and Local: General Government: Net Worth data is updated yearly, averaging 937,449.000 AUD mn from Jun 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 1,231,057.000 AUD mn in 2017 and a record low of 515,044.000 AUD mn in 2004. Australia State and Local: General Government: Net Worth data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.F106: SNA08: State and Local Government: Balance Sheet: General Government (Discontinued). Changed from GFSM 2014 to AGFS15. Replacement series ID: 414174327

60 percent of Australians were in the wealth range between 100,000 and one million U.S. dollars in 2020. Just 9.4 percent of Australian adults had wealth of over one million U.S. dollars, which was slightly less than the share of people who had under 10,000 U.S. dollars in wealth.

Wealth distribution in the Asia-Pacific

In 2020, China had the highest number of millionaires, followed by Japan and Australia. The number of millionaires in Australia was forecasted to increase from 1.8 million to three million by 2025. According to a source, among the Asia-Pacific countries, Australia ranked second in the share of wealth per adult. The source had revealed the wealth per adult in Australia was more than 483 thousand U.S. dollars in 2020.

LGBTQ community of Australia

In 2020, a survey of working adults in Australia revealed that LGBTQ adults were employed in public services and the law enforcement across the country. On the one hand, more than 38 percent of LGBTQ individuals had a role as as a team member, above 12 percent of respondents answered that they were either team leader or supervisor.

Australia Household Net Worth: 2017-18p: Mean data was reported at 1,022,200.000 AUD in 2018. Australia Household Net Worth: 2017-18p: Mean data is updated yearly, averaging 1,022,200.000 AUD from Jun 2018 (Median) to 2018, with 1 observations. Australia Household Net Worth: 2017-18p: Mean data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H017: Survey of Income and Housing: Household Net Worth: by Family Composition.

Australia Household Net Worth: 2017-18p: Mean: One Family: Couple data was reported at 1,312,900.000 AUD in 2018. Australia Household Net Worth: 2017-18p: Mean: One Family: Couple data is updated yearly, averaging 1,312,900.000 AUD from Jun 2018 (Median) to 2018, with 1 observations. Australia Household Net Worth: 2017-18p: Mean: One Family: Couple data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H017: Survey of Income and Housing: Household Net Worth: by Family Composition.

Australia Account: Income: Richest 60%: % Aged 15+ data was reported at 99.159 % in 2014. This records a decrease from the previous number of 99.729 % for 2011. Australia Account: Income: Richest 60%: % Aged 15+ data is updated yearly, averaging 99.444 % from Dec 2011 (Median) to 2014, with 2 observations. The data reached an all-time high of 99.729 % in 2011 and a record low of 99.159 % in 2014. Australia Account: Income: Richest 60%: % Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Banking Indicators. Denotes the percentage of respondents who report having an account (by themselves or together with someone else). For 2011, this can be an account at a bank or another type of financial institution, and for 2014 this can be a mobile account as well (see year-specific definitions for details) (income, richest 60%, % age 15+). [ts: data are available for multiple waves].; ; Demirguc-Kunt et al., 2015, Global Financial Inclusion Database, World Bank.; Weighted average;

In 2023, Switzerland led the ranking of countries with the highest average wealth per adult, with approximately ******* U.S. dollars per person. Luxembourg was ranked second with an average wealth of around ******* U.S. dollars per adult, followed by Hong Kong SAR. However, the figures do not show the actual distribution of wealth. The Gini index shows wealth disparities in countries worldwide. Does wealth guarantee a longer life? As the old adage goes, “money can’t buy you happiness”, yet wealth and income are continuously correlated to the quality of life of individuals in different countries around the world. While greater levels of wealth may not guarantee a higher quality of life, it certainly increases an individual’s chances of having a longer one. Although they do not show the whole picture, life expectancy at birth is higher in the wealthier world regions. Does money bring happiness? A number of the world’s happiest nations also feature in the list of those countries for which average income was highest. Finland, however, which was the happiest country worldwide in 2022, is missing from the list of the top twenty countries with the highest wealth per adult. As such, the explanation for this may be the fact that the larger proportion of the population has access to a high income relative to global levels. Measures of quality of life Criticism of the use of income or wealth as a proxy for quality of life led to the creation of the United Nations’ Human Development Index. Although income is included within the index, it also has other factors taken into account, such as health and education. As such, the countries with the highest human development index can be correlated to those with the highest income levels. That said, none of the above measures seek to assess the physical and mental environmental impact of a high quality of life sourced through high incomes. The happy planet index demonstrates that the inclusion of experienced well-being and ecological footprint in place of income and other proxies for quality of life results in many of the world’s materially poorer nations being included in the happiest.

In the 2018 financial year, the average gross weekly household income in New South Wales, Australia was 2,445 Australian dollars and an equivalized disposable income of 1,232 Australian dollars. The state or territory with the lowest gross income and the only one with an average gross income below 2,000 Australian dollars was Tasmania.

AbstractTaxation Statistics 2014-15 is a continental dataset providing an overview of the income and tax status of Australian individuals, companies, partnerships, trusts and funds for the 2014-15 financial year.The dataset was compiled for the annual publication, Taxation Statistics, the ATO’s key statistical report. It provides a comprehensive statistical summary of information taxpayers report to the ATO.The income tax returns of individuals, companies, super funds, partnerships and trusts.Annual returns for fringe benefits tax (FBT) and goods and services tax (GST).Business activity statements (BAS) and instalment activity statements (IAS).Schedules for rental properties, capital gains tax (CGT) and international dealings.Superannuation member contribution statements (MCS).Other information reported to the ATO in relation to excise, the pay as you go (PAYG) system, and charitable institutions.Previous versions of this dataset are available on the Australian Government open government data portal data.gov.auCurrencyDate Published: 28 March 2017Date Updated: 12 June 2024Modification Frequency: As neededData ExtentGeocentric Datum of Australia 1994 (GDA94)Spatial ExtentNorth: -9.1°South: -43.6°East: 159.1°West: 96.8°Source InformationData and Metadata are available from Taxation Statistics 2014-15 - Dataset - data.gov.auThe data was obtained from the Australian Taxation Office.Catalog Entry: Taxation Statistics 2014-15 - Dataset - Data.gov.auLineage StatementThis layer was put together using two datasets. Australian taxation and income data provided by the Australian Taxation Office (ATO), was joined to the 2011 Postal Areas shapefile provided by the Australian Bureau of Statistics (ABS).Postal AreasPostal Areas (POA) are an ABS Mesh Block approximation of a general definition of postcodes. They enable comparison of ABS data with other data collected using postcodes as the geographic reference. ABS approximations of administrative boundaries do not match official legal boundaries exactly and should only be used for statistical purposes.Data and geography referencesSource data publication:Australian Statistical Geography Standard (ASGS): Volume 3 - Non ABS Structures, July 2011Further information: Australian Statistical Geography Standard (ASGS): Volume 3 - Non ABS Structures, July 2011 – Explanatory NotesSource: Australian Bureau of Statistics (ABS)Data PreparationThe CSV was joined to the POA geographies using the 4 digit postcode. For the CSV, it was exported as a file geodatabase and a new field assigned where postcodes were entered as text data to maintain the leading zeroes. The new text postcode field was then joined to the ABS POA_Name field.All data manipulations, joins, and spatial operations were performed using ArcGIS Pro 3.4.3.Data dictionaryAttribute nameDescriptionAREA_SQKMThe area in square kilometres of the postcodeCount taxable income or lossThe number of individuals reporting taxable income or loss in the postcodeAverage taxable income or lossThe average taxable income or loss of the postcodeMedian taxable income or lossThe median taxable income or loss of the postcodeCount of salary or wagesThe number of individuals reporting salary or wages in the postcodeAverage salary and wagesThe average salary or wages of the postcodeMedian salary and wagesThe median salary or wages of the postcodeCount net rentThe number of individuals reporting net rent in the postcodeAverage net rentThe average net rent in the postcodeMedian net rentThe median net rent in the postcodeCount total income or lossThe number of individuals reporting total income or loss in the postcodeAverage total income or lossThe average total income or loss of the postcodeMedian total income or lossThe median total income or loss of the postcodeCount total deductionsCount of individuals reporting total deductions in the postcodeAverage total deductionsThe average total deductions of the postcodeMedian total deductionsThe median total deductions of the postcodeCount total business incomeThe number of individuals reporting business income in the postcodeAverage total business incomeThe average total business income in the postcodeMedian total business incomeThe median total business income in the postcodeCount total business expensesThe number of individuals reporting business expenses in the postcodeAverage total business expensesThe average business expenses in the postcodeMedian total business expensesThe median business expenses in the postcodeCount net taxThe number of individuals with net tax in the postcodeAverage net taxThe average net tax in the postcodeMedian net taxThe median net tax in the postcodeCount super total accounts balanceThe total number of super accounts in the postcodeAverage super total accounts balanceThe average balance of super accounts in the postcodeMedian super total accounts balanceThe median balance of super accounts in the postcodePostcodesThe postcode affiliated with that areaSHAPE_LengthLength of polygon outlineSHAPE_AreaArea of the polygon.ContactAustralian Taxation Office, taxstats@ato.gov.au

AbstractTaxation Statistics 2019-20 is a continental dataset providing an overview of the income and tax status of Australian individuals, companies, partnerships, trusts and funds for the 2019-20 financial year.The dataset was compiled for the annual publication, Taxation Statistics, the ATO’s key statistical report. It provides a comprehensive statistical summary of information taxpayers report to the ATO. It includes information sourced from:The income tax returns of individuals, companies, super funds, partnerships and trusts.Annual returns for fringe benefits tax (FBT) and goods and services tax (GST).Business activity statements (BAS) and instalment activity statements (IAS).Schedules for rental properties, capital gains tax (CGT) and international dealings.Superannuation member contribution statements (MCS).Other information reported to the ATO in relation to excise, the pay as you go (PAYG) system, and charitable institutions.Previous versions of this dataset are available on the Australian Government open government data portal data.gov.auCurrencyDate Published: 01 August 2022Date Updated: 13 September 2024Modification Frequency: As neededData ExtentGeocentric Datum of Australia 1994 (GDA94)Spatial ExtentNorth: -9.1°South: -43.6°East: 159.1°West: 96.8°Source InformationData and Metadata are available from Taxation Statistics 2019-20 - Dataset - data.gov.auThe data was obtained from the Australian Taxation Office.Catalog Entry: Taxation Statistics 2019-20 - Dataset - Data.gov.auLineage StatementThis layer was put together using two datasets. Australian taxation and income data provided by the Australian Taxation Office (ATO), was joined to the 2016 Postal Areas shapefile provided by the Australian Bureau of Statistics (ABS).Postal AreasPostal Areas (POA) are an ABS Mesh Block approximation of a general definition of postcodes. They enable comparison of ABS data with other data collected using postcodes as the geographic reference. ABS approximations of administrative boundaries do not match official legal boundaries exactly and should only be used for statistical purposesData and geography referencesSource data publication: Australian Statistical Geography Standard (ASGS) Edition 2 - Postal AreasFurther information: Australian Statistical Geography Standard (ASGS) Edition 2 - Non ABS StructuresSource: Australian Bureau of Statistics (ABS)Data PreparationThe CSV was joined to the POA geographies using the 4 digit postcode. For the CSV, it was exported as a file geodatabase and a new field had to be generated where the postcodes were entered as text data to maintain the leading zeroes. The new text postcode field was then joined to the ABS attribute field POA_Name.All data manipulations, joins, and spatial operations were performed using ArcGIS Pro 3.4.3.Data dictionaryAttribute nameDescriptionPostcodesThe postcode affiliated with that areaAREA_SQKMThe area in square kilometres of the postcodeNumber of individuals lodging an income tax returnThe number of individuals lodging a tax return in that postcodeCount taxable income or lossThe number of individual reports of taxable income or loss in the postcodeAverage taxable income or lossThe average taxable income or loss of the postcodeMedian taxable income or lossThe median taxable income or loss of the postcodeProportion with salary or wagesThe proportion of individuals reporting salary or wage in the postcodeCount salary or wagesThe number of individuals reporting salary or wages in the postcodeAverage salary or wagesThe average salary or wages of the postcodeMedian salary or wagesThe median salary or wages of the postcodeProportion with net rentThe proportion of individuals reporting net rent in the postcodeCount net rentThe number of individuals reporting net rent in the postcodeAverage net rentThe average cost of net rent in the postcodeMedian net rentThe median net rent in the postcodeCount total income or lossThe number of individuals reporting total income or loss in the postcodeAverage total income or lossThe average total income or loss of the postcodeMedian total income or lossThe median total income or loss of the postcodeCount total deductionsCount of individuals reporting total deductions in the postcodeAverage total deductionsThe average total deductions of the postcodeMedian total deductionsThe median total deductions of the postcodeProportion with total business incomeThe proportion of individuals reporting business income in the postcodeCount total business incomeThe number of individuals reporting business income in the postcodeAverage total business incomeThe average total business income in the postcodeMedian total business incomeThe median total business income in the postcodeCount total business expensesThe number of individuals reporting business expenses in the postcodeAverage total business expensesThe average business expenses in the postcodeMedian total business expensesThe median business expenses in the postcodeProportion with net taxThe proportion of individuals with net tax in the postcodeCount net taxThe number of individuals with net tax in the postcodeAverage net taxThe average net tax in the postcodeMedian net taxThe median net tax in the postcodeCount super total accounts balanceThe total number of super accounts in the postcodeAverage super total accounts balanceThe average balance of super accounts in the postcodeMedian super total accounts balanceThe median balance of super accounts in the postcodeProportion with total business expensesThe proportion of individuals reporting business expenses in the postcodeSHAPE_LengthLength of polygon outlineSHAPE_AreaArea of the polygon.ContactAustralian Taxation Office, taxstats@ato.gov.au

Key information about Australia Household Income per Capita

• Australia Annual Household Income per Capita reached 30,914.027 USD in Jun 2020, compared with the previous value of 34,767.371 USD in Jun 2018.
• Australia Annual Household Income per Capita data is updated yearly, available from Jun 1995 to Jun 2020, with an averaged value of 25,207.153 USD.
• The data reached an all-time high of 43,819.349 USD in Jun 2012 and a record low of 15,753.318 USD in Jun 2001.
• In the latest reports, Retail Sales of Australia grew 4.217 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Weekly Average Household Income multiplied by 52, annual Number of Household and quarterly Total Population and converts it into USD. The Australian Bureau of Statistics provides Average Household Income in local currency, Number of Household and Total Population. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income per Capita is in annual frequency, ending in June of each year. Household Income per Capita prior to 2008 based on 2017-2018 price.

Household Net Worth: 2017-18p: Mean: One Family: Couple with Dependent Children data was reported at 1,151,200.000 AUD in 2018. Household Net Worth: 2017-18p: Mean: One Family: Couple with Dependent Children data is updated yearly, averaging 1,151,200.000 AUD from Jun 2018 (Median) to 2018, with 1 observations. Household Net Worth: 2017-18p: Mean: One Family: Couple with Dependent Children data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H017: Survey of Income and Housing: Household Net Worth: by Family Composition.

In 2022, Sydney was listed as the second-least affordable city worldwide in terms of housing affordability, as well as the most unaffordable capital city for houses in Australia, with a median multiple house price relative to income value of ****, meaning that housing prices in Sydney were over ** times the average annual gross median household income.

This statistic shows the results of a survey into the average donations made to charity in Australia in the twelve months to December 2018, by household income. During the period examined, households with an income of ** thousand Australian dollars and under made an average donation to charity of *** Australian dollars.