Business
Australia’s household wealth surged by the end of 2020 — but property owners have taken the lion’s share – ABC News
Despite the pain of the lockdowns, and nearly a million jobs disappearing, by the end of 2020 Australia’s household wealth was surging — but property owners have…
The recession was great for some Australians.
Despite the pain of the lockdowns, and nearly a million jobs disappearing, by the end of 2020 Australia’s household wealth was surging.
According to the Australian Bureau of Statistics (ABS), household wealth skyrocketed by $501 billion in the last three months of last year, which was the strongest quarterly growth since December 2009.
Wealth per person hit $467,709, and total household wealth hit $12 trillion both records.
How could that be?
Rental…
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