Australian wealth increases despite variable global growth: UBSBY MATTHEW WAI | THURSDAY, 19 JUN 2025 12:37PMAustralia saw a 10% jump in median wealth, with latest findings showing the country is seeing a more "equal spread" of wealth than most nations. |
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Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
To the extent that we have built more houses, we are wealthier, but it is probably more accurate to say that asset price inflation has pushed up the nominal value of land. Those with land have nothing to show for it, and those without are faced with ever higher rents. Overall, one might make the case that we are poorer.