Original article by Rod Myer
The New Daily – Page: Online : 20-Nov-20
The Melbourne Institute’s latest Household, Income and Labour Dynamics in Australia (HILDA) report shows that the nation’s average household assets increased by 64 per cent to $1.37 million between 2002 and 2018. However, average household debt rose by 104 per cent to $213,496 over this period. The HILDA survey also found that the proportion of Australians with a mortgage rose from 33.8 per cent to 36.3 per cent, although home ownership has declined from 68.1 per cent in 2002 to 63.9 per cent.
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH