Property wealth is the largest component of household net worth for most Australian families. The average value of property held by Australians increases significantly with age, reflecting decades of mortgage repayment, capital growth, and in some cases the acquisition of investment properties.
Older Australians hold disproportionately large amounts of property wealth, with those aged 65 and over often owning their home outright and benefiting from decades of capital appreciation.
Investment property ownership is more common among older and higher-income Australians. Around one in five Australian taxpayers owns an investment property according to ATO Taxation Statistics.
Data sourced from ABS Survey of Income and Housing and ATO Taxation Statistics individual tables. Updated biennially.