Indeed, the generation aged 65+ managed much higher income increases (16%) than the younger working age Gen Y's.. The highest net worth generation in Australia are the Boomers aged 55-64 who not only have a net wealth almost 5 times that of the generation of their children (Gen Y) but they still have a decade or more of earnings and wealth.. Household net worth increases. Increases in property values and superannuation savings over the past two decades have meant that household wealth in Australia has increased considerably. Average household net worth has increased from $657,000 in 2003/04 (in 2017/18 dollars) to over one million dollars in 2017/18 .
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Average Australian now worth $569,000. Leith van Onselen. Friday, 1 April 2022.. Would Australians really be worse-off if the median dwelling price was $370,000 instead of $740,000, mortgage.. The average price of a house in Australia in 2020 was $574,872 according to CoreLogic data. Again, this is highly variable depending on where the property actually is (and when you read this). If we then assume the value of somebody's possessions at that age to be $50,000, we're left with a grand total of $973,667.
