VALUE OF SELECTED HOUSEHOLD ASSETS AND LIABILITIES

In 2005-06, the value of owner occupied dwellings and the value of other property were the most significant household assets in Australia, representing 44% and 14% respectively of the total assets of households. Superannuation and the value of contents of the dwelling followed in importance with 13% and 8% respectively. This was also the pattern in 2003-04.

For further discussion on the value of assets and liabilities see Older people.

Mean value of selected household assets and liabilities of all households(a)

Assets and liabilities type			2003-04	2005-06
			$'000	$'000
ASSETS
Financial assets
	Value of accounts held with financial institutions		22.3	24.8
	Value of shares (excl. own incorporated business)		19.3	22.7
	Value of trusts		9.7	10.0
	Value of debentures and bonds		1.0	0.9
	Value of own incorporated business (net of liabilities)		24.1	45.2
	Total superannuation		67.1	84.5
	Total financial assets(b)		144.3	193.0
Non-financial assets
	Property assets
		Value of owner occupied dwelling	263.2	286.1
		Value of other property	74.8	90.7
		Total property assets	338.1	376.7
	Value of own unincorporated business (net of liabilities)		16.5	14.3
	Value of contents of dwelling		50.1	50.9
	Value of vehicles		18.2	19.4
	Value of assets not elsewhere classified		0.6	*0.9
	Total non-financial assets		423.4	462.3
Total assets			567.7	655.3
LIABILITIES
	Total property loans		63.3	79.1
	Other liabilities
		Debt outstanding on study loans	1.3	1.5
		Amount owing on credit cards	2.0	2.2
		Principal outstanding on loans for vehicle purchases (excl. business loans)	2.8	2.8
		Principal outstanding on investment loans (excl. business and rental property loans)	2.5	5.1
		Principal outstanding on loans for other purposes (excl. business and investment loans)	1.5	1.7
Total liabilities			73.4	92.5
NET WORTH OF HOUSEHOLDS			494.3	562.9