In the 2018 financial year, the 90th percentile in Australia had a household net worth reaching about 2.93 million Australian dollars. By comparison the 10th percentile had a household net worth of 31,400 Australian dollars.
Breakdown of the household net worth in Australia in financial year 2018, by percentile
(in 1,000 Australian dollars)
Characteristic
Household net worth in thousand Australian dollars
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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Australian Bureau of Statistics. (July 12, 2019). Breakdown of the household net worth in Australia in financial year 2018, by percentile (in 1,000 Australian dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/805466/australia-household-net-worth-breakdown-by-percentile/
Australian Bureau of Statistics. "Breakdown of the household net worth in Australia in financial year 2018, by percentile (in 1,000 Australian dollars)." Chart. July 12, 2019. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/805466/australia-household-net-worth-breakdown-by-percentile/
Australian Bureau of Statistics. (2019). Breakdown of the household net worth in Australia in financial year 2018, by percentile (in 1,000 Australian dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/805466/australia-household-net-worth-breakdown-by-percentile/
Australian Bureau of Statistics. "Breakdown of The Household Net worth in Australia in Financial Year 2018, by Percentile (in 1,000 Australian Dollars)." Statista, Statista Inc., 12 Jul 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/805466/australia-household-net-worth-breakdown-by-percentile/
Australian Bureau of Statistics, Breakdown of the household net worth in Australia in financial year 2018, by percentile (in 1,000 Australian dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/805466/australia-household-net-worth-breakdown-by-percentile/ (last visited November 10, 2024)
Breakdown of the household net worth in Australia in financial year 2018, by percentile (in 1,000 Australian dollars) [Graph], Australian Bureau of Statistics, July 12, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/805466/australia-household-net-worth-breakdown-by-percentile/
