Australian Net Worth by Age — 2024 Data
What is the average and median net worth for Australians at different ages? Based on the ABS Household Income and Wealth Survey 2021-22 — the most comprehensive snapshot of Australian household wealth available.
Median & Mean Net Worth — Australia
All figures in Australian dollars. Source: ABS Household Income and Wealth Survey 2021-22.
| Age Group | Median Net Worth | Mean Net Worth | Bottom 25% | Top 25% |
|---|---|---|---|---|
| 25–29 | $65,000 | $122,000 | $8,000 | $148,000 |
| 30–34 | $168,000 | $285,000 | $28,000 | $312,000 |
| 35–39 | $318,000 | $498,000 | $78,000 | $542,000 |
| 40–44 | $486,000 | $712,000 | $145,000 | $818,000 |
| 45–54 | $621,000 | $898,000 | $198,000 | $1,142,000 |
| 55–64 | $877,000 | $1,248,000 | $312,000 | $1,612,000 |
Source: ABS Household Income and Wealth Survey, Australia, 2021-22 (cat. no. 6523.0). Net worth includes all assets (property, superannuation, financial assets, vehicles) minus all liabilities. Figures rounded to nearest $1,000. Mean figures are higher than medians due to the influence of very high-wealth households.
Understanding Australian Net Worth
The gap between median and mean net worth at every age group tells an important story: a relatively small number of high-wealth households pull the mean upward. This means the median is a more realistic benchmark for most Australians. If you're above the median for your age group, you're genuinely ahead of the majority of your peers — not just an average pulled up by the ultra-wealthy.
Net worth in Australia is dominated by two assets: the family home and superannuation. Together, these typically account for 60–80% of a household's total wealth by the time Australians reach their 40s. This is why wealth accumulation tends to accelerate sharply in the 35–55 age range, as property values compound and super balances grow. It also explains why younger Australians who are renters or who haven't started investing yet can feel behind — the ABS data includes owner-occupied property, which skews the median upward for those groups.
The bottom 25% figures are a useful reality check. Even among 35–39-year-olds, a quarter of Australians have a net worth below $78,000 — often reflecting HECS debt, high rents, car loans, or limited access to the property market. If you're in this bracket, you're far from alone. The most important metric at any age isn't your absolute number: it's whether you're growing your net worth year-on-year and whether your trajectory is heading in the right direction.
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This page provides educational information only. It does not constitute financial advice. Data sourced from ABS Household Income and Wealth Survey 2021-22. © 2026 My Financial Position.