Older Aussies getting wealthier as the young are left behind

Advertisement

By Leith van Onselen

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%…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.