AU ST R A L I A N I N C O M E & W E A LT H D I ST R I B U T I O N

BY HOUSEHOLD QUINTILES

Annual household income $86,642 Household net wealth $748,217 $36,500

$ (Average annual full time adult earnings) (median Australian house price)

The top 20% of households earn The highest 20% own

INC 48%OME of all income

WEA63%LTH of Australia’s private wealth
Highest Quintile $280,956 $ $ $ $ $3,236,800
The average The wealth of the
Fourth Quintile $135,928 $ $ earnings of the $1,042,300 average household
Average household top 20% are National average in the top 20% is

12x 92x
annual gross income household net wealth
Third Quintile $88,764 $ $564,500
$116,584 the average $1,022,200 the average wealth
$ earnings of the of those in the
Second Quintile $53,248 bottom 20% $231,100 bottom 20%

Lowest Quintile $24,336 $ $35,200

The lowest 20% earn just The lowest 20% own just

1%
4%
of Australia’s national private wealth
of all income
Source: ABS, McCrindle
c b McCrindle 2019
 AU ST R A L I A N I N C O M E & W E A LT H D I ST R I B U T I O N
B Y S TAT E

Annual household income Household net wealth % increase / decrease since 2012 State above average State below average

10% 10%
$139,880 $738,500

NT NT

0% 10%
$103,064 $792,800
Average household National average
13% annual gross income 11% household net wealth
QLD QLD
$116,168
$109,668 $850,000
$929,400
WA WA
8% 37%
$119,912 $1,170,500
SA SA
NSW 5% NSW 2%
$91,884 $125,788 $678,900 $875,500
5% 4%

INCOME WEALTH
ACT VIC ACT
VIC

$106,860 1% $893,700 2%

5% $78,416 7% $554,500
Source: ABS, McCrindle
c b McCrindle 2019
TAS TAS
 AU ST R A L I A N I N C O M E & W E A LT H D I ST R I B U T I O N
B Y G E N E R AT I O N

Average annual household income $ increase last 24 months Average household net wealth % national wealth % national population

Generation Y Generation X Boomers (younger) Boomers (older) Builders

Age: 25 - 34 Age: 35 - 44 Age: 45 - 54 Age: 55 - 64 Age: 65+
Population: 3.4m Population: 3.1m Population: 3.1m Population: 2.8m Population: 3.7m

INCOME INCOME INCOME INCOME INCOME

$112,632 $138,424 $140,244 $114,660 $59,592
$4,836 $21,996 $20,332 $16,848 $10,270

WEALTH WEALTH WEALTH WEALTH WEALTH

$345,900 $645,700 $1,161,900 $1,308,300 $1,213,400

6% 14% 13% 13% 25% 13% 25% 12% 31% 16%

Source: ABS, McCrindle
c b McCrindle 2019