Found some very interesting figures from ABS (6554.0 2011-12 Household wealth and wealth distribution)
if your family has 1 million, your household has entered top 20% in Australia
if your family has 1.5million, your householder has entered top 10% in Australia
if your family has 2.3million, you has entered top 5%
if your family has over 5million, you are top 1%
So, where are you?
left is total house assets ( total assets minus total liability )
right as percentage of householders better than yours.
7.0mil 0.5%
5.0mil 1.1%
4.0mil 1.7%
3.0mil 3.1%
2.6mil 4.1%
2.4mil 4.7%
2.2mil 5.4%
2.0mil 6.4%
1.8mil 7.9%
1.6mil 9.9%
1.4mil 12.2%
1.2mil 15.7&
1.1mil 18%
1.0mil 20.7%
0.9mil 23.8%
0.8mil 27.8%
0.7mil 32.6%
0.6mil 38%
0.5mil 44.9%
