How does your net worth compare? Data broken down by age group with median, average, top 10%, and bottom 25% benchmarks.
Source: ABS Survey of Income and Housing / HILDA Survey (2023-24)
Click any age range for detailed breakdown
| Age Range | Median | Average | Top 10% | Bottom 25% |
|---|---|---|---|---|
| 18-24 | A$28,000 | A$62,000 | A$210,000 | A$2,000 |
| 25-29 | A$58,000 | A$125,000 | A$450,000 | A$5,000 |
| 30-34 | A$135,000 | A$310,000 | A$1,100,000 | A$12,000 |
| 35-39 | A$250,000 | A$560,000 | A$1,800,000 | A$25,000 |
| 40-44 | A$380,000 | A$720,000 | A$2,400,000 | A$42,000 |
| 45-49 | A$480,000 | A$890,000 | A$2,900,000 | A$55,000 |
| 50-54 | A$580,000 | A$1,050,000 | A$3,400,000 | A$68,000 |
| 55-59 | A$650,000 | A$1,180,000 | A$3,800,000 | A$82,000 |
| 60-64 | A$720,000 | A$1,280,000 | A$4,100,000 | A$95,000 |
| 65+ | A$710,000 | A$1,200,000 | A$3,900,000 | A$110,000 |
Key Insight
Most Australian wealth is in property and super. The median net worth peaks at 60-64 ($720K) then slightly declines as retirees draw down super. The gap between median and average widens with age — wealth concentration increases significantly from age 40+.
Track your net worth in the Richify app and see where you stand compared to your age group.
Download Richify — It's FreeThe average Australian household net worth is approximately $1,050,000 (2023-24). However, the median is significantly lower at ~$580,000 — the average is skewed by very wealthy households. The median is a better indicator of what a 'typical' Australian household actually has.
A good benchmark is having your net worth at or above the median for your age group. For example, 30-34 year olds should aim for $135,000+, 40-44 year olds for $380,000+, and 50-54 year olds for $580,000+. These include the value of your home, super, savings, and investments minus debts.
Yes — net worth includes all assets: property (owner-occupied and investment), super balance, savings, investments, vehicles, and personal assets, minus all liabilities (mortgage, HECS-HELP, credit cards, personal loans). Super is your biggest retirement asset — don't forget to include it.
The average is pulled up by a small number of very wealthy households. If 9 people have $100,000 and 1 person has $10 million, the average is $1.09 million but the median is $100,000. The median better represents what a 'middle' Australian household actually has.