Has Australian wealth creation been largely sad a result of property growth

Since 1988 average wealth per Australian has increased from $50k per person to $550k .

It’s interesting to note that property prices have doubled every 10 years .

Has the majority of Australian wealth increase been largely as a result of property price gains .?

If average property has increased from

150k in 1990 to 300k  in 2000 to 600k in 2010 to 1.2m in 2020

• What will it be in 2030?
• What will it be in 2040?
• What will it be in 2050?

Do you plan to purchase a property in next 5 years ? 

Posted on December 21, 2022