Household wealth hit record high of $ 14.9 trillion before RBA tightening

The Australian Bureau of Statistics (ABS) released yesterday household wealth data for the March quarter of 2022, which revealed that total household wealth increased by 1.2% ($ 173 billion) over the March quarter 2022 reaching a record $ 14.891 billion:

Record high household wealth in March quarter.

Total dwelling assets rose another 2.2% ($ 210 billion) over the quarter to a record high of $ 9.7 trillion, whereas total financial assets fell 0.1% to $ 6.8 trillion.

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