Australian household wealth hits record high

While household wealth per capital hit a record high of $356,000, the share markets clonked. As further confirmed by the Finance & Wealth data for September, 2015 is rapidly shaping up to be a poor year for share market wealth. The value of household financial assets fell by $90 billion in the third quarter, with superannuation balances…

Household wealth surges past $8 trillion

Are Australians becoming wealthier? You certainly wouldn’t think so with all the perceived doom and gloom around! In fact, the ABS have released their Finance and Wealth figures for the first quarter of the year and the answer is…well, yes. So much so, in fact, that household wealth in aggregate has bolted off the top my chart…

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