Household assets and net worth continue to climb

Households were wealthier once again over the June 2025 quarter with the largest quarterly growth in six quarters.

The latest National Accounts Finance and Wealth data for the June 2024 quarter found that household net worth predictably rose again, reaching a new record high of $17.8 trillion following a 2.7% increase over the quarter and a 7.5% rise over the year.

The +2.7% change in household net worth over the quarter was the largest rise since December 2023 while the +7.5% annual change was up from the previous quarter (+6.3%) but down from the +8.4% change in the December 20245 quarter.

The $17.8 trillion in net worth is split between $21.1 trillion in household assets and a much smaller $3.3 trillion in household liabilities (no surprise that most of that is outstanding mortgage debt).

Both household assets and household liabilities were at a record-high in June 2025 however, assets have increased at a faster pace than liabilities over the quarter and year leading to the rise in net worth.

The four assets shown (currency and deposits, shares and other equity, superannuation and residential land and dwellings) account for 89.7% of total household assets. In dollar terms this represents $18.9 trillion of the $21.1 trillion in total assets.

Between superannuation and residential land and dwellings that is $15.4 trillion, or 73.1% of total household assets.