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picture1_Net Worth Excel Template 46341 | Net Worth Quintiles


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File: Net Worth Excel Template 46341 | Net Worth Quintiles
sheet 1 contents australian bureau of statistics household income and wealth australia summary of results 2019 ndash 20 released at 1130 am canberra time 28 april 2022 7 net worth ...

icon picture XLSX Filetype Excel XLSX | Posted on 18 Aug 2022 | 3 years ago
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Sheet 1: Contents
Australian Bureau of Statistics
Household Income and Wealth, Australia: Summary of Results, 2019–20
Released at 11:30 am (CANBERRA TIME) 28 April 2022
7 NET WORTH QUINTILES




Contents

Tables

7.1 INCOME DISTRIBUTION, Net worth quintiles

7.2 HOUSEHOLD ASSETS AND LIABILITIES, Net worth quintiles

7.3 HOUSEHOLDS WITH SELECTED ASSETS AND LIABILITIES, Net worth quintiles

7.4 COMPOSITION OF ASSETS AND LIABILITIES, Net worth quintiles

7.5 HOUSEHOLD CHARACTERISTICS, Net worth quintiles

7.6 GROSS AND EQUIVALISED DISPOSABLE HOUSEHOLD INCOME, Net worth quintiles







More information available from the ABS website




Household Income and Wealth, Australia, 2019–20

Summary

Methodology







Inquiries

For inquiries about these and related statistics, contact the Customer Assistance Service via the ABS website Contact Us page





© Commonwealth of Australia 2022

Sheet 2: Table 7.1
Australian Bureau of Statistics
Household Income and Wealth, Australia: Summary of Results, 2019–20
Released at 11:30 am (CANBERRA TIME) 28 April 2022
Table 7.1 INCOME DISTRIBUTION, Net worth quintiles

HOUSEHOLD NET WORTH QUINTILES All households

Lowest Second Third Fourth Highest
WEEKLY VALUE ($)
Household income





Mean income





Private income 1,086 1,793 1,759 2,264 3,628 2,112
Government pensions and allowances (a) 330 212 250 204 94 217
Gross income 1,414 2,004 2,009 2,467 3,721 2,329
Disposable income 1,245 1,658 1,654 2,001 2,869 1,889
Equivalised disposable income 797 997 1,012 1,145 1,586 1,124







Median income





Private income 865 1,655 1,505 1,861 2,795 1,643
Government pensions and allowances (a) 214 **0 **0 **0 **0 **0
Gross income 1,170 1,803 1,667 1,987 2,843 1,786
Disposable income 1,072 1,523 1,431 1,703 2,387 1,542
Equivalised disposable income 720 895 918 1,019 1,326 958







Imputed rent (b)





Net benefit from home ownership or occupancy (c) 45 25 127 242 549 198
Market rent (d) 112 193 348 464 792 382
Housing costs (e) 317 341 271 243 261 287







Equivalised disposable household income at top of selected percentiles





10th (P10) 381 481 479 504 572 475
20th (P20) 477 597 566 648 800 583
30th (P30) 539 693 677 787 1,001 712
40th (P40) 628 788 791 899 1,165 830
50th (P50) 720 895 918 1,019 1,326 958
60th (P60) 799 1,014 1,048 1,159 1,534 1,118
70th (P70) 922 1,170 1,204 1,334 1,774 1,284
80th (P80) 1,081 1,377 1,362 1,521 2,086 1,516
90th (P90) 1,340 1,657 1,694 1,857 2,775 1,903







** estimate has a relative standard error greater than 50% and is considered too unreliable for general use
Cells in this table containing 2019–20 data have been randomly adjusted (by perturbation) to avoid the release of confidential data. Discrepancies may occur between sums of the component items and totals. Differences may occur between tables only where estimates are produced for different units (e.g. person, household or expenditure units). See Methodology for more information
(a) Includes overseas pensions
(b) Includes all tenure types
(c) Also referred to as net imputed rent. For all tenure types other than market renters, net benefit from home ownership or occupancy (net imputed rent) equates to market rent (gross imputed rent) less housing costs. For consistency across all housing tenures, the reported values of any rental refunds or subsidies received by market renters have been included in the estimates of net imputed rent
(d) The estimated rent a dwelling would attract if it were commercially rented. This amount is nil for market renters
(e) For market renters, housing costs include weekly rent payments less any refunds or subsidies received. For all other tenure types, housing costs include reported rent paid and/or other housing costs incurred, such as general and water rates, mortgage interest, house insurance, body corporate fees, repairs and maintenance. See Methodology for further information on imputed rent







Australian Bureau of Statistics
Household Income and Wealth, Australia: Summary of Results, 2019–20
Released at 11:30 am (CANBERRA TIME) 28 April 2022
Table 7.1 INCOME DISTRIBUTION, Net worth quintiles – Relative standard errors (RSE)

HOUSEHOLD NET WORTH QUINTILES All households

Lowest Second Third Fourth Highest
RELATIVE STANDARD ERROR (%)
Household income





Mean income





Private income 3.3 2.1 2.3 2.7 2.9 1.2
Government pensions and allowances (a) 3.8 4.0 3.6 3.3 7.5 1.6
Gross income 2.3 1.8 1.9 2.5 2.8 1.1
Disposable income 2.0 1.5 1.5 2.0 2.3 0.8
Equivalised disposable income 1.8 1.5 1.6 1.7 2.2 0.9







Median income





Private income 4.8 2.7 4.2 3.0 3.2 1.0
Government pensions and allowances (a) 19.2 np np np np np
Gross income 2.0 2.3 2.7 2.4 3.0 0.9
Disposable income 2.2 1.8 1.9 2.2 2.4 0.9
Equivalised disposable income 2.2 2.1 2.5 2.3 2.2 0.8







Imputed rent (b)





Net benefit from home ownership or occupancy (c) 7.4 12.4 3.3 2.0 3.0 2.1
Market rent (d) 3.2 2.6 1.2 0.9 2.5 1.3
Housing costs (e) 1.7 1.4 1.7 2.1 3.1 0.8







Equivalised disposable household income at top of selected percentiles





10th (P10) 2.4 2.8 2.0 2.3 4.5 1.0
20th (P20) 1.8 2.8 2.2 2.2 3.1 1.0
30th (P30) 2.0 2.0 2.2 1.9 3.1 0.9
40th (P40) 2.6 2.3 2.3 1.3 1.9 0.8
50th (P50) 2.2 2.1 2.5 2.3 2.2 0.8
60th (P60) 2.1 2.2 2.0 1.9 2.7 0.9
70th (P70) 2.1 1.9 1.8 1.9 2.1 1.1
80th (P80) 2.6 2.1 1.6 1.4 2.4 1.1
90th (P90) 2.4 2.7 2.0 2.5 2.7 1.1







np not published
(a) Includes overseas pensions
(b) Includes all tenure types
(c) Also referred to as net imputed rent. For all tenure types other than market renters, net benefit from home ownership or occupancy (net imputed rent) equates to market rent (gross imputed rent) less housing costs. For consistency across all housing tenures, the reported values of any rental refunds or subsidies received by market renters have been included in the estimates of net imputed rent
(d) The estimated rent a dwelling would attract if it were commercially rented. This amount is nil for market renters
(e) For market renters, housing costs include weekly rent payments less any refunds or subsidies received. For all other tenure types, housing costs include reported rent paid and/or other housing costs incurred, such as general and water rates, mortgage interest, house insurance, body corporate fees, repairs and maintenance. See Methodology for further information on imputed rent







© Commonwealth of Australia 2022






Sheet 3: Table 7.2
Australian Bureau of Statistics
Household Income and Wealth, Australia: Summary of Results, 2019–20
Released at 11:30 am (CANBERRA TIME) 28 April 2022
Table 7.2 HOUSEHOLD ASSETS AND LIABILITIES, Net worth quintiles

HOUSEHOLD NET WORTH QUINTILES All households

Lowest Second Third Fourth Highest
ESTIMATES ($'000)
Household net worth





Mean net worth 35.1 252.6 588.4 1,067.2 3,267.1 1,042.0
Median net worth 36.9 248.3 579.0 1,051.2 2,262.3 579.2







Mean wealth values





Assets





Financial assets





Value of accounts held with financial institutions (excl. offset accounts) 9.0 27.0 42.9 66.1 197.5 68.8
Value of offset accounts *0.3 2.8 9.7 17.3 35.2 13.1
Value of shares (excl. own incorporated business) 0.4 1.9 6.4 13.4 121.5 28.8
Value of public unit trusts *0.0 *0.4 *0.9 3.3 12.1 3.3
Value of private trusts *0.2 *0.3 *2.7 7.2 146.3 31.2
Value of own incorporated business (net of liabilities) -**1.5 *1.9 *2.2 6.2 175.8 36.9
Value of own unincorporated business (net of liabilities) -**0.1 1.5 2.3 6.7 *128.5 *27.4
Total value of superannuation funds 21.8 85.4 123.1 241.4 677.4 229.9
Total financial assets(a) 30.0 121.9 191.7 364.3 1,516.8 445.0







Non-financial assets





Property assets





Value of owner occupied dwelling 19.4 188.6 437.0 643.7 1223.1 502.5
Value of other property 12.9 38.5 79.1 166.7 656.9 191.1
Total property assets 32.2 226.0 517.6 810.8 1,882.6 694.4
Value of contents of dwelling 18.1 46.6 68.1 100.5 143.6 75.2
Value of vehicles 9.4 20.3 24.5 34.7 48.6 27.5
Total non-financial assets(b) 59.8 292.4 610.6 946.5 2,077.8 798.0







Total assets 90.3 414.2 800.8 1,310.6 3,604.8 1,245.2







Liabilities





Property loans





Principal outstanding on loans for owner occupied dwelling 21.6 115.0 149.2 137.2 149.2 114.7
Principal outstanding on other property loans 16.1 29.1 50.2 88.0 154.7 68.1
Total property loans 37.3 144.7 199.5 225.1 306.4 183.3







Other liabilities





Debt outstanding on study loans 10.4 6.1 3.8 5.7 5.6 6.3
Amount owing on credit cards 1.5 2.4 2.3 2.4 3.3 2.4
Principal outstanding on loans for vehicle purchases (excl. business and investment loans) 3.0 5.3 4.3 4.3 3.5 4.1
Principal outstanding on investment loans (excl. business and rental property loans) **0.9 **0.6 *2.1 *5.8 22.3 6.5
Principal outstanding on loans for other purposes (excl. business and investment loans) 1.8 *3.0 0.9 *1.1 *0.9 1.4







Total liabilities 54.7 161.7 213.1 244.5 341.3 203.8







Net worth of household 35.1 252.6 588.4 1,067.2 3,267.1 1,042.0







Other net worth items





Selected net values (c)





Net value owner occupied dwelling -**2.2 72.3 288.4 506.9 1074.3 387.8
Net value other property -**3.2 9.3 28.3 79.0 500.9 122.9
Net value total property -*5.0 81.1 316.5 587.0 1578.8 511.6
Net value vehicles 6.4 15.0 20.4 30.3 45.2 23.4







* estimate has a relative standard error of 25% to 50% and should be used with caution
** estimate has a relative standard error greater than 50% and is considered too unreliable for general use
Cells in this table containing 2019–20 data have been randomly adjusted (by perturbation) to avoid the release of confidential data. Discrepancies may occur between sums of the component items and totals. Differences may occur between tables only where estimates are produced for different units (e.g. person, household or expenditure units). See Methodology for more information
(a) Includes the value of debentures and bonds, silent partnerships, other financial investments, loans to persons not in the same household
(b) Includes value of assets nec
(c) Selected net values are the asset value net of associated loans







Australian Bureau of Statistics
Household Income and Wealth, Australia: Summary of Results, 2019–20
Released at 11:30 am (CANBERRA TIME) 28 April 2022
Table 7.2 HOUSEHOLD ASSETS AND LIABILITIES, Net worth quintiles – Relative standard errors (RSE)

HOUSEHOLD NET WORTH QUINTILES All households

Lowest Second Third Fourth Highest
RELATIVE STANDARD ERROR (%)
Household net worth





Mean net worth 4.3 1.1 0.5 0.4 3.4 2.6
Median net worth 4.7 1.9 0.9 0.6 1.5 1.5







Mean wealth values





Assets





Financial assets





Value of accounts held with financial institutions (excl. offset accounts) 6.4 4.4 4.7 4.8 5.2 3.5
Value of offset accounts 30.7 18.1 13.3 12.2 9.2 6.3
Value of shares (excl. own incorporated business) 19.4 12.8 17.6 8.3 12.9 11.5
Value of public unit trusts 40.4 48.1 28.6 23.9 21.0 16.7
Value of private trusts 38.3 29.7 33.6 21.2 18.3 17.5
Value of own incorporated business (net of liabilities) np 30.2 30.4 23.2 20.5 19.7
Value of own unincorporated business (net of liabilities) np 19.8 23.3 23.5 36.0 33.9
Total value of superannuation funds 3.9 2.1 2.5 2.3 3.3 2.5
Total financial assets(a) 4.5 2.0 2.2 2.0 5.7 4.3







Non-financial assets





Property assets





Value of owner occupied dwelling 12.6 3.5 1.5 1.2 2.8 1.7
Value of other property 21.6 9.0 8.0 5.6 4.8 4.1
Total property assets 14.5 3.1 1.6 1.3 2.7 2.0
Value of contents of dwelling 2.5 2.9 2.2 2.8 2.7 1.5
Value of vehicles 3.7 3.2 2.6 3.3 2.9 1.7
Total non-financial assets(b) 8.2 2.4 1.3 1.1 2.5 1.8







Total assets 5.8 1.7 1.1 0.8 3.3 2.3







Liabilities





Property loans





Principal outstanding on loans for owner occupied dwelling 13.9 4.5 3.2 4.2 6.8 2.4
Principal outstanding on other property loans 24.0 13.1 9.9 8.0 6.1 4.4
Total property loans 14.3 4.3 3.5 4.1 4.9 2.2







Other liabilities





Debt outstanding on study loans 7.4 8.5 9.7 8.1 9.1 3.7
Amount owing on credit cards 10.3 8.3 9.3 11.3 6.5 4.0
Principal outstanding on loans for vehicle purchases (excl. business and investment loans) 7.8 6.5 7.9 8.3 11.7 3.8
Principal outstanding on investment loans (excl. business and rental property loans) np np 47.8 31.3 17.2 12.8
Principal outstanding on loans for other purposes (excl. business and investment loans) 19.1 29.5 19.3 30.5 27.3 12.0







Total liabilities 10.2 3.9 3.5 4.0 4.8 2.2







Net worth of household 4.3 1.1 0.5 0.4 3.4 2.6







Other net worth items





Selected net values (c)





Net value owner occupied dwelling np 4.0 1.6 1.4 2.8 1.9
Net value other property np 18.6 10.8 6.9 5.6 5.3
Net value total property 34.6 3.3 1.5 1.3 2.8 2.2
Net value vehicles 4.6 3.6 2.9 3.6 3.0 1.9







np not published
(a) Includes the value of debentures and bonds, silent partnerships, other financial investments, loans to persons not in the same household
(b) Includes value of assets nec
(c) Selected net values are the asset value net of associated loans







© Commonwealth of Australia 2022






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...Sheet contents australian bureau of statistics household income and wealth australia summary results ndash released at am canberra time april net worth quintiles tables distribution assets liabilities households with selected composition characteristics gross equivalised disposable more information available from the abs website methodology inquiries for about these related contact customer assistance service via nbsp us page copy commonwealth table all lowest second third fourth highest weekly value mean private government pensions allowances a median imputed rent b benefit home ownership or occupancy c market d housing costs e top percentiles th p estimate has relative standard error greater than is considered too unreliable general use cells in this containing data have been randomly adjusted by perturbation to avoid release confidential discrepancies may occur between sums component items totals differences only where estimates are produced different units eg person expenditure see...

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