The average net worth, Australia by age can be assessed by looking at the total assets of households minus the debts of the country’s population. Net worth ranges from properties, savings, investments and other personal value belongings.
The Average Net Worth Australia, by Age
The average net worth Australia, by age based on median in 2025 shows the Baby Boomers on the lead with $2.31 million, Gen X with $1.88 million, Millennials hold $757,000 and Gen Z with $96,000 respectively.
In this case, it is based on the median net worth average of each generation. Therefore, for Gen Z it is 20 years old, for Millennials it is 35 years old, Gen X at 51 years old and Baby Boomers at 69 years old. Additionally, this data is based on the median average value of assets from each household.
Most importantly, from this information, as of 2025, the age range referred for the generations are:
- Baby Boomers (Age 61-79)
- Gen X (Age 45-60)
- Millennials (Age 29-44)
- Gen Z (Age 13-28)
Additionally, the median net worth based on different ages of households show the ages between 25 and 40 have a median average of $238,000, between 41 and 64 years old have $809,000 and 65 years and above have $817,000.
Furthermore, according to Forbes 2025 list of richest people in the world, Australia has 47 billionaires. Those aged between 61 to 79 lead with 19 billionaires, followed by 80 to 100 age ranges with 15 individuals, then 8 individuals aged between 45 to 60 and lastly 5 billionaires aged between 29 and 44 years.
Average Net Worth in Australia: Latest Superannuation Values
- Baby Boomers – $641,000
- Gen X – $586,000
- Millennials – $260,000
- Gen Z – $43,000
Average Net Worth in Australia: Housing and Property
According to the KPMG 2025 report on housing in Australia, it shows that Gen X leads in property ownership and investments with an average value of $1.31 million. Baby Boomers follow closely with $1.30 million then Millennials with $750,000 and lastly, Gen Z with $69, 000 respectively.
The reason for Gen X being the largest owners of housing and property assets in Australia, is to have an advantage from property inheritance and continuous investing.
Cash and Deposit: Property Purchase in Australia
When it comes to purchasing properties with cash and deposits in Australia, Baby Boomers take the lead with an average of $242,000, Gen X follows with $176,000, Millennials with $104,000 and Gen Z with $26,000.
Shares Ownership in Housing
The age group that leads with the highest average number of purchased shares is Gen X with $256,000, Baby Boomers with $206,000, Millennials with $51,000 then Gen Z with $7000
Factors Behind the Net Worth Average Differences
Baby Boomers rank the highest in net worth averages, particularly they benefit from paid-off property and other assets. Gen X leads in property and share accumulation partly due to inheritance and continued investment activity. Millennials and Gen Z generations face much lower asset levels and carry substantial mortgages or debts.
Final Thoughts on the Average Net Worth in Australia by Age
In conclusion, personal circumstances like regional location, family size, homeownership, and career significantly influence where different households fall on these scales.
