http://au.pfinance.yahoo.com/photos/photo/-/11232591/the-worlds-wealthiest-countries/11235962/Select to expand quoteAustralia
Total Population: 22 million
Adult Population: 16 million
Total Wealth: US$6.4 trillion
Average Person's Wealth: US$396,745 no.2 rank(total wealth divided by adult population)
Median Wealth: US$221,704 #no.1 rank (mid-point between the wealthiest and poorest adult)
Number of Millionaires: 1,079,000
From the Global Wealth Report 2011: Compared to the rest of the world, very few Australians have net worth less than USD$1,000. This reflects such factors as relatively low credit card and student loan debt. The proportion of those with wealth above USD$100,000 is the highest of any country - eight times the world average. With 1,861,000 people in the global top 1%, Australia accounts for 4.1% of the members of that wealthy group, despite having just 0.4% of the world's adult population.
A noticeable feature is the composition of wealth, which is heavily skewed towards real assets, which amount on average to USD$323,000 and form 65% of total household assets. In fact, the level of real assets per adult in Australia is now the second highest in the world, after Norway. In part, this reflects a sparsely populated country with a large endowment of land and natural resources, but it also is affected by high urban real estate prices.
I think taking the value of the family home out of the measurement would paint a very different picture.
Our residential real estate prices do seem over the top but that is what market forces are all about.
Interesting stat's though. Thanks for posting.
An expensive house doth not a millionaire make.
Australians comparative wealth is skewed towards the positive due to the general increase of the value of our dollar compared to most currencies.
Back when the Olympics were on in Sydney our dollar bought about 50 cents US. So an American on $40k a year had the purchasing power of a fairly high Australian income earner. We had American friends coming out and they found Australia cheap. Today those friends come out here and find everything expensive.
For us it's just the same then and now, expensive.
My total wealth if i sold up worth around 6k,
w/surf gear--4k
tv--$300,stereo--$500,computer--$150,fridge--$100,bed--$150
car 1k
if house price were to drop say 50%,as seems increasingly likely,then going to be many poorer than me. 
^^^^ good gagging god slainty 
..... have you gone stark raving berserkers man????? ya puttin' me off me beer dude 
Heads up pup, the more you drink...........................................................................................................................................................................................nah doesn't work
^^^^ bloody oath our Kristina Kenneally was ... was that her name ???? she was a bit of alright
