OFFICIAL: Census and Statistics Act #

Australian Bureau of Statistics

Household Financial Resources, December 2020
Released at 11:30 am (CANBERRA TIME) 30 June 2021
Table 1 INCOME, WEALTH AND HOUSING COSTS, Summary

December 2019 (a)

ESTIMATES
Household weekly income
Mean income
Private income (b) $ 2,132
Government pensions and allowances (c) $ 208
Gross income $ 2,340

Median income
Private income (b) $ 1,725
Government pensions and allowances (c) $ 0
Gross income $ 1,847

Household mean wealth values

Assets
Financial assets
Total value of superannuation funds $'000 231.3
Value of other financial assets $'000 161.6
Total financial assets $'000 392.9
Non-financial assets
Property Assets
Value of owner occupied dwelling $'000 489.7
Value of other property $'000 164.0
Total property assets $'000 653.7
Other non-financial assets
Value of other non-financial assets (d) $'000 102.6
Total non-financial assets $'000 757.3
Total assets $'000 1,150.2

Liabilities
Principal outstanding on loans for owner occupied dwelling $'000 101.3
Principal outstanding on other property loans $'000 66.7
Total property loans $'000 168.0
Amount owing on credit cards $'000 3.1
Amount owing on other loans $'000 18.9
Total liabilities $'000 190.0

Mean net worth of household $'000 960.2

Median net worth of household $'000 582.1

# OFFICIAL: Census and Statistics Act

 OFFICIAL: Census and Statistics Act #

Household mean weekly housing costs

Mortgage or unsecured loan payment for housing $ 152
Rent payments $ 123
Rate payments (general and water) $ 39
Total housing costs $ 314

CPI factor no. 0.991

PROPORTION
Housing costs as a proportion of gross income % 13.4

Care should be taken when making comparisons with 2019-20 data due to impacts of COVID-19, including SIH 2020-21 collecting via online or
telephone interviews only
(a) In December quarter 2020 dollars, adjusted using changes in the Consumer Price Index
(b) Includes JobKeeper payments in the December 2020 quarter
(c) Includes overseas pensions and allowances
(d) Includes financial assets not elsewhere classified

Australian Bureau of Statistics

Household Financial Resources, December 2020
Released at 11:30 am (CANBERRA TIME) 30 June 2021
Table 1 INCOME, WEALTH AND HOUSING COSTS, Summary - Measures of Error

December 2019
RELATIVE STANDARD ERROR
Household weekly income
Mean income
Private income RSE (%) 2.2
Government pensions and allowances RSE (%) 3.1
Gross income RSE (%) 2.0

Median income
Private income RSE (%) 2.6
Government pensions and allowances RSE (%) 0.0
Gross income RSE (%) 1.4

Household mean wealth values

Assets
Financial assets
Total value of superannuation funds RSE (%) 3.9
Value of other financial assets RSE (%) 9.1
Total financial assets RSE (%) 5.2
Non-financial assets
Property Assets
Value of owner occupied dwelling RSE (%) 3.4

# OFFICIAL: Census and Statistics Act

 OFFICIAL: Census and Statistics Act #

Value of other property RSE (%) 6.1

Total property assets RSE (%) 3.2
Other non-financial assets
Value of other non-financial assets RSE (%) 2.4
Total non-financial assets RSE (%) 2.8
Total assets RSE (%) 2.9

Liabilities
Principal outstanding on loans for owner occupied dwelling RSE (%) 5.1
Principal outstanding on other property loans RSE (%) 8.7
Total property loans RSE (%) 5.1
Amount owing on credit cards RSE (%) 4.8
Amount owing on other loans RSE (%) 10.2
Total liabilities RSE (%) 4.5

Mean net worth of household RSE (%) 3.3

Median net worth of household RSE (%) 3.3

Household mean weekly housing costs

Mortgage or unsecured loan payment for housing RSE (%) 4.1
Rent payments RSE (%) 4.0
Rate payments (general and water) RSE (%) 2.3
Total housing costs RSE (%) 1.9

95% MARGIN OF ERROR OF PROPORTION

Housing costs as a proportion of gross income MOE(±) 0.8

© Commonwealth of Australia 2021

# OFFICIAL: Census and Statistics Act

 OFFICIAL: Census and Statistics Act #

stics

December 2020
ESTIMATES

2,086
263
2,349

1,631
0
1,844

223.7
162.5
386.2

533.2
197.9
731.1

104.0
835.0
1,221.3

117.5
62.2
179.7
2.0
17.7
199.3

1,021.9
632.2

# OFFICIAL: Census and Statistics Act

 OFFICIAL: Census and Statistics Act #

161
102
42
305

1.000

PROPORTION
13.0

ing SIH 2020-21 collecting via online or

stics

ror

December 2020
ATIVE STANDARD ERROR

2.2
4.9
1.8

3.6
0.0
2.0

5.2
7.7
4.9

2.4

# OFFICIAL: Census and Statistics Act

 OFFICIAL: Census and Statistics Act #

8.8
3.2

2.7
2.8
2.8

4.5
12.4
4.7
7.2
13.8
4.6

3.2
3.0

4.0
4.9
2.1
2.1

IN OF ERROR OF PROPORTION
0.7

# OFFICIAL: Census and Statistics Act