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Household Net Worth Sits at $9.406 Trillion
Data recently released by the ABS shows that household net worth has increased substantially over recent years however, household debt is also climbing to new record highs.
The ABS’ recent release on finance and wealth for the December 2016 quarter showed that the net worth of Australian households was $9.405 trillion. This comprised $11.710 trillion in assets minus $2.306 trillion in liabilities (including share capital). Over the 12 months to December 2016, net worth has increased…
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