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1300.1.55.001 - Statistics News NSW, Sep 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/09/2007   
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Latest Household Income and Wealth StatisticsLATEST HOUSEHOLD INCOME AND WEALTH STATISTICS


Results from the 2005-06 Survey of Income and Housing were released in August, providing estimates of the income, net worth and other characteristics of households and persons living in private dwellings in Australia.

Key results from the 2005-06 survey are:
  • Over the last eleven years to 2005-06, there was a 31% increase in the real mean income of low income people, compared to 32% for middle income people and 36% for high income people.
  • Mean incomes in Australian capital cities were 16% above those outside capital cities.
  • Mean incomes in NSW were 2% above the national average, and mean incomes in Sydney were 5% above the capital city average.
  • The wealthiest 20% of Australian households in 2005-06 accounted for 61% of total household net worth, with average net worth of $1.7 million per household.
  • The poorest 20% of households accounted for 1% of total household net worth and had an average net worth of $27,000 per household.

Income per Week ($)

NSW
Vic
Qld
SA
WA
Tas
NT(a)
ACT
Aust.

Gross household income
    Mean income
1 378
1 283
1 275
1 151
1 299
1 025
1 062
1 639
1 305
    Median income
1 076
1 024
1 056
905
1 023
850
1 507
1 445
1 040
Equivalised disposable household income
    Mean income
660
635
632
605
658
546
724
786
644
    Median income
565
564
556
529
581
486
670
712
563
Mean household net worth
632 402
566 312
499 509
502 052
550 603
406 638
391 911
573 126
562 859


(a) Households in collection districts defined as very remote were excluded, accounting for about 24% of the population in the NT.
Source: Household Income and Income Distribution, Australia, 2005-06 (cat. no. 6523.0)


Household Income and Income Distribution, Australia, 2005-06 (cat. no. 6523.0) provides a summary of income related data available from the survey. More detailed tables are available in Household Income and Income Distribution, Australia - Detailed Tables, 2005-06 (cat. no. 6523.0.55.001). A confidentialised unit record file (CURF) is also available for purchase by authorised clients for approved purposes of statistical analysis and policy research. More detailed data on wealth and housing will be published later this year in Household Wealth and Wealth Distribution, Australia, 2005-06 (cat. no. 6554.0) and Housing Occupancy and Costs, Australia, 2005-06 (cat. no. 4130.55.001).

For further information contact Jan Gatenby on (02) 6252 6174 or email living.conditions@abs.gov.au.


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