| Characteristic | Household net worth in thousand Australian dollars |
|---|---|
| Lowest quintile | 35.2 |
| Second quintile | 231.1 |
| Third quintile | 564.5 |
| Fourth quintile | 1,042.3 |
| Highest quintile | 3,236.8 |
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Source
Source
Release date
July 2019
More information
Region
Australia
Survey time period
financial year 2018
Special properties
financial years in Australia usually run from June of one year to July of the following year.
Supplementary notes
Australian dollar prices are adjusted using changes in the Consumer Price Index.
Net worth, which is often referred to as wealth, is the value of a household's assets less the value of its liabilities.
The terms decile, percentile, and quintile are used if a distribution, such as household income, is put in order from lowest to highest, and then divided into 100 equal groups, each group is a percentile. Ten percentiles make up a decile (ten equal groups) and twenty percentiles make up a quintile.
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