Australia's median wealth has fallen by almost seven percent [1] since 2020, according to a report from the Swiss bank UBS.
This decline highlights a deepening economic divide where the broader population experiences a loss in assets while a small minority sees significant gains. The trend suggests that macroeconomic pressures are disproportionately affecting middle- and lower-income households.
UBS said there is a "growing divide between the wealthiest and the broader population" [2]. While the median figure has dropped, the number of high-net-worth individuals has increased. More than 25,000 new millionaires emerged in Australia last year [1].
Despite the domestic decline in median wealth, Australia remains a wealthy nation by global standards. The country holds the third-highest median wealth globally at $306,074 [3].
This disparity indicates that wealth accumulation is concentrating at the top. The increase in millionaires during 2025 contrasts with the long-term downward trend for the average citizen since 2020 [1].
“Australia's median wealth has fallen by almost 7% since 2020”
The data reveals a structural shift in Australia's economy where global competitiveness in wealth does not translate to domestic stability for the average person. While the country maintains a high global ranking, the divergence between the 25,000 new millionaires and the falling median wealth suggests that inflation or cost-of-living pressures are eroding the purchasing power of the middle class while asset owners continue to profit.
