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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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara 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.