As good as it gets
Household wealth rose by 1 per cent to a record $14.9 trillion in the March quarter.
Average net worth per capita in Australia has increased to $575,000, to be 31 per cent (or $136,000) higher than pre-COVID levels.
Household wealth of $14.9 trillion divided by around 11 million households equates to an average household net worth of approximately $1.35 million.
Since the end of March, however, the ASX is well down, Sydney and Melbourne home values are down, super balances are down, and cryptocurrencies have crashed.
So $15 trillion is about as good as it gets for now.
