Profile of household wealth in different countries in 2020 (% of all wealth)

A relatively high proportion of household wealth in Australia (58%) is in non-financial assets - mainly housing - compared with a global average of 46%.

Rent changes, Q1 - Q4 2020 (agreed rents), NSW localities with extreme values & Vic statistical regions

These graphs reveal yet more contrasting intra-state rent trends during the pandemic. This analysis focuses on the first nine months of the crisis, since it was in this period that markets were most disrupted. At the NSW local government area level this period saw a marked divergence between certain regional and inner/middle ring Sydney areas. In Victoria, meanwhile, the hit to rents in Melbourne’s inner suburbs was very similar to that experienced in inner Sydney (City of Sydney LGA). In all of Victoria’s non-metropolitan statistical regions, meanwhile, rents rose during the period – presaging further increases in 2021.

Poverty in Australia 2020: Infographic

Download Poverty in Australia 2020 Infographic

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Shares of national wealth by wealth group

2015-16: The highest 20% of household wealth groups holds 62% of all wealth. The middle 20% wealth group holds 12%, and the lowest 20% wealth group holds less than 1%. Wealth is highly concentrated at the very top. The highest 10% wealth group owns 45% of all wealth while the highest 5% owns 32% and the very highest 1% holds 15%. So the share of the highest 1% (15%) is greater than the middle 20% (12%). This probably underestimates of the true extent of wealth inequality. The wealthiest 1%, who own a disproportionate share of all wealth, are a small number of people and so are underrepresented in household surveys. It is also likely that many under-report their wealth. In contrast, the combined wealth of the lowest 40% is just 6% of the total.   2017-18: The highest 20% of household wealth groups holds 61% of all wealth. The middle 20% wealth group holds 12%, and the lowest 20% wealth group holds less than 1%. Wealth is highly concentrated at the very top. The highest 10% wealth…