New report breaks down Australians’ personal wealth by electorate – and shows PM wealth cluster

Original article by Roy Morgan
Market Research Update – Page: Online : 4-May-20

The 5th Edition of the Roy Morgan Wealth Report delivers additional unique insights by analysing the distribution of personal wealth across electorates. The House of Representatives takes in 151 electorates. At the end of 2019 the average per capita Net Wealth in Australia’s wealthiest electorate, Wentworth in Sydney’s eastern suburbs, was $1,060,000 and median Net Wealth was $338,000. In the poorest electorate, Spence in Adelaide’s outer northern suburbs, the average per capita Net Wealth was $187,000 (17.6% of the Wentworth figure) and median Net Wealth just $75,000 (22%). Even before the impacts of the bushfire crises and COVID-19 (coronavirus) there was a chasm between the most and least wealthy; this is likely to widen due to the impact of the coronavirus. The Roy Morgan Wealth Report also examines the wealth of the electorates represented by Australia’s Prime Ministers. Fourteen of the electorates held by post-WWII PMs still exist. Of these, six are among Australia’s 10 wealthiest overall. These include the seats of incumbent Prime Minister Scott Morrison (whose electorate, Cook, is the 6th wealthiest) and his two immediate predecessors, Malcolm Turnbull (Wentworth, No. 1 on the list) and Tony Abbott (Warringah, No. 2).

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ROY MORGAN LIMITED

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