1370.0 - Measures of Australia's Progress, 2010  
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Household economic wellbeing

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

* estimate has a relative standard error of between 25% to 50% and should be used with caution
(a) Based on 2005-06 dollars, adjusted using changes in the Consumer Price Index.
(b) Includes values of other financial investments, children's assets and loans to persons not in the same household.
Source: ABS Household Wealth and Wealth Distribution, 2005-06 (cat. no. 6554.0)

RELATED PAGES

  • Older people
  • Household economic wellbeing glossary
  • Household economic wellbeing references
  •  

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