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

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

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Release date

July 2019

Region

Australia

Survey time period

financial year 2018

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.

Australia's financial year runs from July 1 to June 30; for example, financial year 2017 starts on July 1, 2016 and ends on June 30, 2017.

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