Older Aussies getting wealthier as the young are left behind
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The bubble in Australian (read Sydney and Melbourne) housing values has driven a surge in household wealth as well as inequality, according to a new 50,000 strong survey by Roy Morgan Research (RMR):
Australian households’ have increased their net wealth over the last four years from $5.7 trillion to $8.1 trillion, an increase of 42.1%…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.