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What does Australian net worth by age actually show?

The answer depends on the measure, population and year. A household average is not an individual's typical balance, and a median answers a different question.

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These figures describe surveyed Australian households in 2019–20. They are averages for age groups of the household reference person, rather than a typical person's balance today.

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Source: ABS Household Income and Wealth, Australia, 2019–20, Graph 1. Chart values are in A$ thousands.

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ABS · 2019–20 survey

Household net worth by age.

Historical household averages in Australian dollars. Age refers to the household reference person, not every person in the home.

ABS Survey of Income and Housing: mean net worth by age of household reference person, 2019–20
Age groupMean household net worth (AUD)Relative scale
15–19$129,000
20–24$82,000
25–29$242,000
30–34$441,000
35–39$555,000
40–44$841,000
45–49$1,055,000
50–54$1,212,000
55–59$1,453,000
60–64$1,601,000
65–69$1,835,000
70–74$1,509,000
75 and over$1,167,000

Source: ABS Household Income and Wealth, Australia, 2019–20, “Gross household income and net worth by age of reference person”, Graph 1 under life-cycle accumulation. Released 28 April 2022. Checked 7 October 2026. Chart values published in $’000 are multiplied by 1,000; no inflation adjustment, interpolation or percentile estimates have been applied. Values retain the source chart’s rounding.

The data describe surveyed households in private dwellings, excluding very remote areas. These figures are not age-specific medians or today’s balances.

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Financial Portfolio editorial team
Australian record-keeping context
Updated 16 October 2026

What these figures can tell you

The table uses the ABS Survey of Income and Housing, 2019–20. Households are grouped by the age of their reference person; these are household averages, not individual balances or age-specific medians. The survey covers private dwellings and excludes very remote areas. Use this historical context alongside your own dated records, not as a target or a current valuation.

Is this current Australian household wealth data?

The table uses the 2019–20 ABS Household Income and Wealth release, not a 2026 estimate. At the review date, the ABS latest-release page still identifies 2019–20 and lists the next release as unknown. Keep the reference period beside any figure you quote.

Should I compare myself with the mean or median?

The mean adds household wealth and divides by the number of households. The median is the middle household when households are ordered by wealth. Large holdings can pull the mean above the median. For 2019–20, the ABS reported mean household net worth of A$1,042,000 and median household net worth of A$579,200.

What can a household benchmark tell me about my own position?

It provides context, not a target or personal assessment. Match the household scope and definition before comparing. Differences in household composition, age grouping, valuation date and access to assets limit the comparison. Build your own dated snapshot with the net worth calculator before drawing conclusions.

Sources and further information

Reviewed . Sources support the general context; worked examples use the assumptions stated on this page.

What is the difference between average and median net worth by age?

The average is total wealth divided by the number of observations; the median is the middle observation. High-wealth households can pull an average upward.

Are Australian net worth figures measured per person or household?

It depends on the published ABS table. The unit must be printed beside every value; never compare an individual figure directly with a household figure without explanation.

How current is the ABS net worth by age data?

The series shown covers July 2019 to June 2020, released by the ABS on 28 April 2022. It is historical data, not a 2026 wealth benchmark. We checked the source on 7 October 2026.

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