KPMG Australia stated on 22 January 2026 that Baby Boomer households remained the wealthiest in Australia with an average net worth of $2.375 million, while Millennials averaged $905,000. The analysis found Gen X households held the highest wealth in dwellings and land at an average of $1.455 million across Australia.

KPMG analysis showed households aged 55–64 held more than double the net wealth of households aged 35–44 and more than ten times that of households headed by 24–34 year-olds.

Forward Relevance:

Wealth concentration and asset ownership patterns are shifting across Australia, with younger households carrying higher debt exposure and older households holding higher net wealth and liquid assets.