Australian household wealth booms ahead of the bust
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Australia consistently ranks near the top in the world for household wealth.
According to the UBS Global Wealth Report 2025, Australia had the second highest median household wealth in the world, after only Luxembourg.
However, unlike in other countries, real estate makes 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.
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