This graph shows the distribution of wealth across income groups. It is more evenly distributed than across wealth groups, due largely to high levels of home ownership among retirees.
2017-18
The wealth of the highest 20% by income is valued at $2,148,000, almost three times as much as the middle 20% and four times as much as the lowest 20%. The average value of wealth in owner-occupied homes is fairly consistent across income groups, with four of the five groups holding no more than $400,000 in wealh in this form. The highest 20% have homes worth an average of $496,000 after mortgage debt is subtracted. Shares and other financial assets are heavily concentrated in the hands of the highest 20% by income. Their average holdings are worht $622,,00 – five times that of the middle 20% ($124,000) and nine times that of the lowest 20% ($73,000). The avearge superannuation wealth of the highest 20% is $496,000, three times that of the middle 20% ($179,000) and nine times that of the lowest 20% ($58,000). The average investment property holdings of the highest 20% are worth $281,000 – three times that of the middle 20% ($88000) and four times that of the lowest 20% ($63,000).
2015-16
The highest 20% of households ranked by disposable income had average wealth of $1,952,000, almost three times the middle 20% ($711,000) and almost four times the lowest 20% ($532,000). The highest 10% income group had average wealth of $2,676,000 and the highest 5% had $3,730,000. The main residence of the highest 20% of households by income had an average net value (after mortgage debt is subtracted) of $557,000 which was 1.7 times that of the middle 20% ($319,000) and 1.8 times that of the lowest 20% ($302,000).