Australian household wealth has taken its biggest dive since the GFC, but things are looking up
- Written by Warren Hogan, Industry Professor, University of Technology Sydney
The latest data from the Australian Bureau of Statistics confirms household wealth has fallen, on the back of falling house prices, in the past year.
But it’s not all bad news. There are signs of hope in the portents for the next six months.
During the first quarter of this year, the net worth of all Australian households rose 0.2% to A$10.2...
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