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Breakdown of the household net worth Australia FY 2018, by quintile

In the 2018 financial year, the highest quintile in Australia had a household net worth reaching about 3.24 million Australian dollars. The fourth quintile, which one below the highest, was just over one million Australian and the lowest quintile was just over a 35,000 Australian dollars.

Breakdown of the household net worth in Australia in the financial year 2018, by quintile

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Source

Release date

July 2019

Region

Australia

Survey time period

financial year 2018

Special properties

financial years in Australia usually run from June of one year to July of the following year.

Supplementary notes

Australian dollar prices are adjusted using changes in the Consumer Price Index.

Net worth, which is often referred to as wealth, is the value of a household's assets less the value of its liabilities.

The terms decile, percentile, and quintile are used if a distribution, such as household income, is put in order from lowest to highest, and then divided into 100 equal groups, each group is a percentile. Ten percentiles make up a decile (ten equal groups) and twenty percentiles make up a quintile.

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