Average Aussie worth a quarter of a million

The average wealth of each Australian increased by 14 per cent to $252,000 in the year to September 2004, estimates by the Federal Treasury show. The the total private wealth of Australians had doubled over the past five years, from $2,500 billion to $5,060 billion. The rate of growth in average wealth, however, has slowed from 5 per cent in the September quarter of 2003 to 1.3 per cent in the quarter in 2004.

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