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The Guardian - AU
The Guardian - AU
National
Patrick Commins Economics editor

Gen Xers the new baby boomers: analysis identifies Australia’s richest landholders by generation

Terry Rawnsley KPMG ABS
Gen X households average $1.455m in wealth from dwellings and land, according to an analysis of ABS and census data by KPMG.
Gen X households average $1.455m in wealth from dwellings and land, according to an analysis of ABS and census data by KPMG. Photograph: Lisa Maree Williams/Getty Images

Gen X households now hold the most property wealth of any generation as baby boomers downsize their homes and move more of their money into cash and retirement accounts.

Once known as the “slacker generation”, those born between 1965 and 1980 are mostly now aged over 50 years and have enjoyed years of inflated home prices.

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