Wealth and Income Distribution State V State

Monday, July 25, 2016

Australia has long been considered the land of the middle class, but in recent years the gap has been widening between the rich and the poor. When it comes to the battle of the states, which corner of Australia scores the highest and the lowest on the income and wealth report? Will the Baby Boomer generation continue their stronghold on our national wealth?

Is Australia still the land of the middle class?

It is hanging in there, but it’s under pressure. We have seen some hollowing out in the middle of the earnings and a bit of spread to either end. The average annual household earnings are around $107,000 however the lowest fifth of households earn 20% of this while the top fifth average almost three times this. That means that the top fifth of households are taking home about 12 times what the bottom fifth of households are earning.

Most Aussies have their wealth tied up in their homes, how does ownership compare with the top, middle and lower classes?

The average wealth (if you liquidate everything and pay off all your debts, what are you left with) is about $800,000. The bottom 1 in 5 have a net worth of just $35,000, the top 20% of all household have a net worth of about $2,500,000. That means that the top fifth of households have about 62% of Australia’s wealth, and the bottom fifth take less than 1% of Australia’s national private wealth. So that's a big difference in wealth across these households.

Which states are best and worst performers when we are looking just at income?

The mining boom in WA has really done a great thing over there and so they are leading the earnings chart, with the ACT not too far behind with public servant wages doing pretty well. At the bottom of the tree you have Tasmania, earning about $50,000 less per annum, per household, than what we have in the west.

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare

Last 150 Articles


norwest ACF2017 average Australian shbc google for education new office 2012 sunburnt country Australian Families students TDE housing trends internship equip conference presentation visualisation hello fresh alpha TEDx internet dreams rent water organisations unaffordable world youth day crows nest baby name trends shopping centre local dessert communication holidays home ownership entrepreneurs of today work mates sydneycity mythbusters public speaking generation alpha paying to work royal NBRS social lives Financial Planning Week children HSC video demography global financial crisis meals cold sydneysider REIV Conference learner EFF Vocational education speajer house prices hills growing population states population map teach TED talk Jura Coffee residents teacher mccrindle tea forecasting suburban living new york times REIV National Conference micro wellbeing trend research visualisation apartments medicine infographics gen z women 2016 census results Wellington money Res Vis leader ethnography high school communications millennials Australian Population not for profit research wage financial independence Scouts outsourcing financial facts office opening wealth distribution millenials baby names NSW poor the changing face of Australia street communicate engagement VIC family group suburbs winter blues the hills change cash property price forecast selfie mccrindle eliane miles cars the great screenage hunger rain business index report property market social researchers TED social issues urban taskforce Jura Australia conferences townhouses World Water Day speakers ACF mateship NFP event living panel university degree Melbourne story collaborative cloudy days personalities sunny days JOMO Australian Trends pyrmont schools volunteers survey design transport future of work real speaker aussie culture education research media activity customer relational Hornsby Shire Council sydney speaker mentor 2016 census sydney metro the hills shire high density living ideas child care study 2016 narcissism ease of travel keynote speaker thrive wedding Do It Yourself train experience weekly earnings entrepreneur priorities names slideshare christian leadership workshop australian DESTEL Love trends of 2016 commuters daily commute wealth and income tableau blaxland choice workers tips Australian communities SRE village Assistant Store Manager financial future geomapping Work place presentation post rationalism consumer statistics environmental scanning plans Financial Planning Association of Australia award winner social trends offenders WA visual Hills Shire Council dream survey home local community leadership brisbane finance Aussies rule keeper baby names australia report census Christmas lunch innovative life population FPA SMART participants 40 million education parents community careers follow entrepreneurial results CBD parenting internships Australians poker master engage food insecurity 2017 research the lucky country vegemite Engineering Manager challenge young australians father's day belief sydneysiders national private wealth ABS Skilling daily telegraph volunteer media release research services future proofing cultural diveristy ageing shifts networking workplace culture australians staying home more award earn sector wide live the dream non profit volunteering data trades social commentary culturally diverse keynote financial dreams home owner professional speaker research data demographic transformations media commentary population growth 2015 megatrends baby energy retirement australia fresh school identity renter of the future sun Gen Y tuesday newspaper English kate middleton screenage Real Estate Institute of Victoria ferry christianity brands supply and demand social research graphs emerging generations skills sydney event Territory resource Australian schools CPI aged care puzzle jobs of the future sector wide study Channel Seven demographic Sydney’s south west qualitative research 2020 wealth conference research on coffee Gen X house price volunteering dare to dream snapshot ashley fell pharmacies cost lalor park weather travelling criminal social demographer safe families teleworking Sydney keynote speaker Macquarie University census data Myth wealth and income distribution learning styles the average aussie giving social life overcast high density year 7 Netflix breakfast domestic typical australian future of shopping impact PSI educhat cica Mark McCrindle rich suburb average aussie business census 2016 Geoff Brailey celebration entertainment faux-cilising christmas neutral bay What is food insecurity? futurist urban living index employers divorce bus workforce couple urban living politics darwin 23 million state marriage royal influence Mount Annan-Currant Hill faux-cilise define logan Tuesday Trend shopper's pick media dreaming Christmas season brand meetings spirituality culture hills shire sector prince george income healthy future social change mccrindle in the media communities cancel plans shopping Cobbitty-Leppington greatness generation Z employment charity increasing densification Christmas presents manly gen alpha curiosity optimistic 2014 apartment capital cities donation January 26th online baby name predictions rental stress socialites Sydney australian communities forum high density apartments proactive 24 million teaching System's Architect news global generations focus group australian communities trends report economy mccrindle research global perth donate city households Australia Day 2017 easter baby name technology career ACT interactive religion mortgage property authenticity Education Future Forum cultural diversity care support sentiments know the times Deaths Merry Christmas housing summer generational trends young people forum baby boomers Word Up national crime rates storytelling census fail 24,000,000 social commentator marriages coffee lovers online shopping changing face of sydney repayments socialising event James Ward casual australian real estate school satisfaction Research Director long weekend Northern beaches Event office space grandparents ipswich resilience FOMO stay home mother's day generation land of the middle class work baby boom twentyseventeen social shifts princess charlotte cancelling event royal family Royals owning a home housing growth product language professional development Generation Y unemployment clothing "know the times" growth events investor McCrindle Speakers capital city DIY community event school students McCridle housing affordability gender learn #censusfail Western Australia relevant anzac motivate australian community trends report workplace optus my business awards infographic optus staff future of education earnings Australian demographics Australian Bureau of Statistics group session insight car affordable workshop data visualisation urban church chairty menai happiness Australia Day GPO professional presenters youth low density showreel student quote Financial Planning Association researcher 10 years Canberra NBRS Architecture grave decision cost of living 1980 cartodb financial fears trends analyst faith mobile bureau office hobart Kirsten Brewer Generation X in depth interviews buildings vegetarian Valentine’s Day investment Tuesday Trends research report social impact royal baby business performance Australian Dream ACF17 economic Northern Beaches Bathburst salary winter Northern Territory social enquiry future social media education future report professional The Daily Edition education sector tea society staying in collaboration cooking learning Elderslie-Harrington park annual income university purpose VET South Australia education future trend tuesday ultimo training Duchess of Cambridge list crime future-proof trends of 2017 household micro apartments data friendship faux-ciliser insights presentations trends wolloomooloo brand experience Charlotte going out employmer Births society trends holiday lifestyle the australian dream responsive youth unemployment toys sydney hills builders Crime Rates not for profit environment Population Clock sports in the media market research marketing food bank fears affordability Real Estate emerging trends The ABC of XYZ Australian Home potts point Aussie friends social researcher schools students Wagga Wagga national wealth local communities Kiwi baby names report Australian community trends rising house prices goal travel waverton investing gold coast moreton bay organisational culture Adelaide sustainable SA demographics conference speaker tattoos budget Northern Beaches Christian School NT census results australian social research Christchurch gig speakers pack population milestone Tasmania cancelling plans seasons employmee monarchy 2013 tertiary education public holiday renting hornsby work-life financial planning demographic trends New South Wales woolworths click middle class government digital publication Queensland case study mining boom etiquette program 1994 charities Social Trend February 16 Wodonga focus groups millionth ashley mckenzie mythbusting debt huffington post world Caregiver year 12 commute Australian Communities Trends not-for-profit teachers nfp acf15 gig economy debate infographic wall omnibus google analysis Sydney Hills Business Chamber aged care mover and shaker moderators guide litter IT Specialists eliane innovation goals victoria research pack easy rider SMSF public speaker marrickville men emerging technologies recap community engagement future proof small business 1975 consumerism personal growth food New Zealand educated house coffee VET sector spend New Zeland TAS Queensland: QLD balance bondi contiki thought leadership divorce rate social analysis wages wealth inequality Willowdale tv ageing population pharmacy hopes ACT Report ACF 2016 Research Executive house price rise intern Australian Census housing market stats NEETs earning area Channel 7 rise of local generations deloitte data analyst jobs professional services Andrew Duffin 1968 average sydneysider