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Australia consistently ranks among the highest in the world for household wealth.
For example, the UBS Global Wealth Report 2025 ranked Australia second worldwide in median household wealth, behind Luxembourg.
However, unlike other nations, real estate accounts for the majority of Australia’s household wealth.
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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.