Reflation drives big wealth gain

From Comsec (and the ABS Financial Accounts):

Total household wealth (net worth) stood at a record $7,318.6 billion at the end of September, up $225.3 billion over the quarter – the biggest quarterly rise in almost four years. In per capita terms, wealth rose to a record $315,117 in the September quarter, up $8,458 over the quarter.

• In real terms, the value of land and dwellings rose by $55.1 billion in the September quarter while financial assets rose by $70.7 billion. Overall, real net wealth rose by $141.5 billion in the quarter. And net saving plus real wealth rose by $176.8 billion in the quarter, the biggest gain since December quarter 2009.

• Households held a record $808 billion in cash and deposits at the end of September. Cash and deposit holdings represented 22.1 per cent of financial assets, above the decade average of 20 per cent.
• Pension fund (superannuation fund) assets rose by $81.2 billion to $1592.9 billion in the September quarter
• Cash and deposits stood at 14.8 per cent of financial assets, well above the long-term average of 8.8 per cent.

• Foreign holdings of Australian shares rose by $39 billion in the September quarter to a record $648.1 billion in the
  September quarter.

• Foreigners held 44.1 per cent of Australian listed shares at the end of September, down from
• 45.2 per cent in the June quarter and down from the 20 year high of 46.8 per cent reached in the June quarter 2012.
  Listed shares accounted for 17.1 per cent of assets in the September quarter, up from 16.0 per cent in the June quarter but below the long-term average of 18.8 per cent.