Perth suburb is richest in Australia

Peppermint Grove in Perth is the wealthiest suburb in the nation with an average household worth of $1.9 million. The national average level of household wealth is $467,000, incorporating property values, business assets, superannuation, shares and debt, according to the Bureau of Infrastructure, Transport and Regional Economics.

The wealthiest 20 per cent of households own about 60 per cent of total household wealth. The least wealthy 20 per cent own 1 per cent.

Hunters Hill, Woollahra, Pittwater, Manly Willoughby and Ku-ring-gai are among the wealthiest in Australia. Blacktown and Campbelltown had the lowest average household wealth in Sydney.

Source: Sydney Morning Herald