Australia’s wealthiest 20% worth 90 times the country’s poorest, new report reveals

Superannuation and property investment fuels growing inequality, with the richest fifth worth an average of $3.2m

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Australia’s wealth gap has continued to grow over the past two decades, with superannuation and property investment driving inequality across the country, a new report from the Australian Council of Social Service and the University of New South Wales has revealed.

Over the past two decades the average wealth of the top 20% has grown at four times the rate of the lowest, the report has shown using figures from the latest Australian Bureau of Statistics data in 2019.

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