Aussies ten per cent richer this year

The private wealth of Australians has risen 10 per cent per person in the last year and 81 per cent over the past five years. The average person is now worth $316,000 and total private wealth is $6.5 trillion according to figures released by the Treasury. Australia has the highest rate of private share ownership in the world, while twenty per cent of Australians own a second property.